Transmission of global wheat prices to domestic markets in Kenya: A cointegration approach
Jonathan Makau Nzuma and Patrick Kipruto Kirui
This paper evaluates the extent to which changes in international wheat prices are transmitted to domestic markets in Kenya using an error correction model (ECM) that employs monthly producer price data for the period 2002 to 2020. Domestic wheat markets in Kenya were found to be strongly integrated while, international wheat markets were cointegrated w…...
First Published: 03 May 2021