Nega Wubeneh and Simeon Ehui (2006.). Technical efficiency of smallholder dairy farmers in central
Ethiopian highlands. I.A.A Economists conference, Australia
Neuman, W. L. (2000) (4th edition). Social Research Methods: Qualitative and Quantitative
Approa

restructuring), cooperatives have become increasingly involved in fundamental institutional
changes (e.g., conversion to IOFs, and joint ventures with corporations). These developments
raise the question whether there are fundamental features intrinsic to

Regression analysis is concerned with relations among variables. It is actually supposed to
predict the effect of one variable on another. In this particular study, the researcher regressed the
predictors which are basically the independent variables on t

Sacerdoti and Xiao (2001) estimated a similar model for Madagascar, covering the period 1971
to 2001. They found that the money variable was significant at all convectional levels. A very
significant role for the exchange rate also forms part of their fin

LIST OF TABLES
Table 3.1 Target Population32
Table 3.2 Sample Size.33
Table 4.0 Return Rate38
Table 4.1 Reliability Analysis
Table 4.2 Demographic Information of Dairy Farmers.41
Table 4.3 Statistical Information of cooperatives and their managers
Table 4

Maddala, G.S. (1992). Introduction to Econometrics, Macmillan Publishing Company,
New York. Second Edition
Makridakis, S., S. C. Wheelwright, and H. R. J. (1998). Forecasting Methods and
Applications (3rd ed.). New York: John Wiley and Sons.
MacKinnon, J.

Reichel, V. and Ramey, K. (1997). Economic analysis of agricultural markets; A manual. Chatam, U.K:
Natural Resources Institute
Rhodes, B (1995). There is method in my madness: or is it vice versa? Measuring
performance. In Abbott, J. (eds.) Agricultural

Ojo, M. O. (1991). Deregulation in the Nigerian Banking Industry: A Review and
Appraisal. Nigerian Economic and Financial Review, 29(1):1- 14.
Ojo, O., (1974). The Demand for Money in the Nigerian Economy: Some Comments.
Nigerian Journal of Economic and S

Objectives
Main Objective.
The main objective of this research is to assess the gains made since 2000 declaration of MDGs
in relation to the interventions put in place to achieve goal 4, 5, and 6.
Specific objectives.
1 .To analyzes the revenues that have

SECTION F: INFRASTRUCTURE
1
How do you transport your milk from the farmers to the cooperative and then to the
market and what is the distance covered? (Use the table below)
Source
From
farmers
Mode of transport
to
Distance from source
the
cooperative
Fro

Macroeconomic Policy Issues in an Open Economy: A Case Study of Nigeria,
Edited by Akin Iwayemi, .NCEMA, Ibadan
Nelson, C.R. and Plosser, C.I. (1982). Trend and random Walks in Macroeconomic Time
Series. Journal of monetary economics, 10:139- 162
Nnanna,

ownership (the right of residual control) of the assets involved in a transaction becomes critical
in deciding how value is divided when a (non covered) contingency arises. Since transaction
costs are positive, the allocation (and possible non-transferabi

Patrick, H.T. (1966). Financial Development and Economic Growth in Underdeveloped
Countries. Economic Development and Cultural Change, 14, 174-189.
Patterson, K. (2000). An Introduction to Applied Econometrics: A Time Series Approach.
Palgrave, Houndmills

P.o box 3900
Eldoret
Manager,
.
Cooperative Society,
P.o Box. ,
.,
Nakuru County
Re: Research Permission.
I am a postgraduate student from Moi University wishing to carry out research in your
organization towards the fulfillment of my award of a master of

Research on small holder dairy farmers in the central Ethiopian highlands was done by Nega
Wubeneh and Simeon Ehui (2006.) Their objective was to measure the technical efficiency of
small holder dairy farmers in the central Ethiopian highlands. They appli

Mills, T. C (1994). The Econometric Modeling of Financial Time Series. New York:
Cambridge University Press.
Mussa (1981). The Role Of Official Intervention. New York: Group Of Thirty.
Mwansa, L. (1998). Determinants Of inflation in Zambia. Ph. D. Thesis,

Looking at other countries like Iran, they have successfully reduced infant mortality rate,
decreasing the rate by 54% from 52%per 1000 live births in 1990 to 28% live births in 2000. The
proportion of one year children immunized against measles has incre

Misra, R., R. Brown, Oscar, K. L. and I. O'Connor. 1999. Efficiency, Bond of Association and Exit
Patterns in Credit Unions: Australian Evidence. Annals of Public and Co-operative Economics
70(1): 5-23.
Misra S.K., (1993). Dairy farmers evaluation of coop

Oxfam International (2002). Rigged rules and double standards: Trade, globalization and the
fight against poverty. www.marketfair-trade.com
Pomery, R.S. and A.C. Trinidad (1995). Industrial organization and marketing analysis: fish
marketing in: G.Jscott(

resulting in higher savings. These higher savings indicate the availability of more investment
capital and, hence, an increase in output. The McKinnon-Shaw hypothesis is, therefore, the
foundation for financial liberation. However, it does not explain the

LIST OF TABLES
Table 3.1 Target Population32
Table 3.2 Sample Size.33
Table 4.0 Return Rate38
Table 4.1 Reliability Analysis
Table 4.2 Demographic Information of Dairy Farmers.41
Table 4.3 Statistical Information of cooperatives and their managers
Table 4

per cow per year, replacement cow factor, value of milk sold, value of cattle production (without
milk), milk cooler ownership, and summer pasture availability. Statistical and mathematical
methods were used to analyze the data; statistical methods used w

REFERENCES
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Abey P. Philip (2008). "An analytical study of market integration hypothesis for natural rubber
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monetary growth in explaining inflationary developments. In this study, both cross-section and
time-series regressions indicate that models of inflation based solely on monetary expansion and
real income growth (which is related negatively to the inflatio

SECTION A: GENERAL INFORMATION
1
Name of Cooperative
2
Age of the cooperative?
Less than I year
1-3 years
4-5 years
More than five years
3
Location
of
the
cooperative.
4
What is the number of present members in your society
Below 100
Between 101-250
Betwe

measuring efficiency in fruit and vegetable marketing cooperatives in Canada. They used
translog cost function to approximate the efficiency of the fruit cooperatives. In this case, labour,
capital and materials used were classified as inputs and output;

Nigeria? African Review of Money Finance and Banking, Milan, Italy, pp.23-40.
Adebiyi, M.A. (2004). Stability of Money Demand and Monetary Policy in
Nigeria: An Error Correction Analysis Model. The Journal of Social and
Management Scientist, 1(1): 53-70.

Sobodu, O.O. and P.O. Akiode (1995). Managing Banking Policy and Banks Financial
Condition Under Deregulation: Impact Analysis Using a Logit Regression Model.
Research Proposal Presented at the African Economic Research Consortium
(AERC) Workshop, Decembe

means that the mean and variance of the time series are unstable throughout the period of the
time and the auto-covariance is varying by the time change (Enders, 2004). Therefore, the
stationarity properties of the time series data used were examined with

questionnaires were self-administered. Data on management, infrastructure, policies, competition
and transaction cost was collected to be used to determine the performance of the milk marketing
cooperatives in Nakuru district (current Nakuru County).The s