Impact of Exchange Rate Volatility on Coffee Export in Kenya

The data for this study was obtained from various sources. The firm-level panel data for coffee from 2001 to 2020 was obtained from the Coffee Board of Kenya, International Coffee Organization, and Penn World Table. The annual firm-level data obtained was from 8 main coffee exporters who control about 80% of the market share. These exporters are Rashid Moledina & Co. Ltd., Kenya Co-operative Coffee Exporters Limited, Dormans, Mwangi Coffee Exporters, Sannex Coffee, Africoff Trading Co. Ltd, Rockbern Coffee Group and Diamond Coffee Company Ltd. The data on the four main trade destinations (foreign importing countries) – for the period under study – was also obtained from Coffee Board of Kenya. These four countries (Germany, Belgium, the United States and South Korea) import about 61% of the total Kenyan coffee are Germany, Belgium, the United States, and South Korea. Finally, the data on the RER was obtained from Central Bank of Kenya.

本研究使用的数据取自多类来源。2001年至2020年的咖啡企业层面面板数据，取自肯尼亚咖啡委员会（Coffee Board of Kenya）、国际咖啡组织（International Coffee Organization）以及佩恩世界表（Penn World Table）。本次采集的年度企业层面数据，来自8家占据约80%市场份额的核心咖啡出口商，分别为：Rashid Moledina & Co. Ltd.、肯尼亚合作社咖啡出口商有限公司（Kenya Co-operative Coffee Exporters Limited）、Dormans、Mwangi Coffee Exporters、Sannex Coffee、Africoff Trading Co. Ltd.、Rockbern Coffee Group以及Diamond Coffee Company Ltd.。本研究时段内的四大核心贸易目的地（即境外进口国）相关数据，同样取自肯尼亚咖啡委员会（Coffee Board of Kenya）。上述四个国家分别为德国、比利时、美国及韩国，其咖啡进口量占肯尼亚咖啡总出口额的约61%。最后，实际汇率（Real Exchange Rate, RER）相关数据取自肯尼亚中央银行（Central Bank of Kenya）。