Imports are fundamental for the survival of a small open economy such as Kenya. Various trade reforms have been implemented to achieve several objectives including raising revenue, maintaining favourable balance of ...

This study addresses the key research question of whether differences in financial development are significantly associated with differences in economic growth for 13 African countries using panel data from 1984 to 2002. ...

Several studies make different prior assumptions on the magnitude of factor shares and scale of production when accounting for economic growth. The initial Solow estimations, for instance, assumed a capital share of 0.3 ...

Agriculture is the most important sector in the Kenyan economy given its contribution to employment, foreign exchange, food, and its linkages with other sectors of the economy. Indeed, the sector’s performance directly ...

Kenya’s bilateral exports were positively affected by its productive capacity, absorptive capacity of its trading partners, and Kenya’s increased involvement in regional integration. Progression of COMESA from Preferential ...

Policy makers and development experts in many countries have had to deal with a decision on exactly what sources of economic growth they must target to achieve higher growth rates. Most development practitioners and ...