Petroleum products are a key source of commercial energy in Kenya. The economic impacts offi rst and second oil shocks of the 1970s and current volatile crude oil prices have pushed supply vulnerability to the top ...

The small firm sub-sector has the potential to reduce poverty and unemployment in Kenya. However, in the face of global competition, market uncertainties and rapid technological changes, it is necessary to assist small ...

In terms of volume and value, cut flowers are the single most important horticultural exports, followed by vegetables and fruits in Kenya. Floricultural trade in the country is export oriented with an end-user focus. There ...

Tourism is a significant economic sector in Kenya in terms of its contribution to the Gross Domestic Product, employment and foreign exchange earnings. However, the determinants for inbound tourism demand for Kenya are ...

This study sets out to investigate the determinants offi scal balance in Kenya. A model developed from three-gap analysis is used, together with time series data for the period 1975 to 2006. The long run results indicate ...

The Global Financial Crisis (GFC) has been traced back to the late 1990s when the United State (US)’s interest rates on the federal funds were considerably low, leading to liberal lending practices by commercial banks ...

In an effort to increase access to effective anti-malaria drugs to the rural poor, the Kenyan government has partnered with a local nongovernmental organization to distribute the drugs free of charge using a micro-franchise ...

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 ...

With the liberalization of exchange rate in most countries, policy makers have to contend with erratic movements in exchange rates in the short-run, causing exchange rate misalignments in the long run. Exchange rate ...

This study develops a theoretical general equilibrium model of the determination of the equilibrium long-run real exchange rates in a three-good open economy framework. Three economic agents are considered in the model: ...