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: ...

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 ...

With the liberalization of the exchange rate market in Kenya, it is expected that contractionary monetary policy meant to reduce inflation will lead to exchange rate overshooting. Exchange rate overshooting on the other ...

This study provides empirical evidence of technology adoption and the effects of production risk on it among smallholder farmers, using cross-sectional data collected from semi-arid districts in Kenya (Machakos and Taita ...

Regional disparity is still a key development challenge in Kenya, despite government efforts to reduce it since independence. Given that regional production defines the relative state of a region’s welfare, this study ...

The paper develops a simple model of a landowner seeking the consent of Land Control Board (LCB). The model is based on the tradeoffs between the benefi ts and the cost of acquiring the consent. In the model, the landowner ...

Land grabbing is one of the past injustices that the Constitution of Kenya 2010 and Sessional Paper No. 3 on National Land Policy of 2009 recommended for immediate attention. It is a post-independence phenomenon which ...

Yala wetland is one of the major wetlands in Kenya that not only supports a huge species of ecosystem, but also acts as a reservoir to Lake Victoria fisheries. Also, the swamp supports livelihood of the community by the ...

Unemployment and poverty are major socio-economic challenges affecting most countries. They are associated with under-utilization of resources, while leading to low welfare status. In the past, the Kenya government has ...