A Social Accounting Matrix (SAM) is a consistent data framework that captures information contained in the national income and product accounts and the input-output table, as well as the monetary flows between institutions. ...

The importance of market microstructure in determining the success of a bonds market in allocating financial resources depends on the degree to which the microstructure elements have been designed to determine the proper ...

Kenya's capital and financial account balance displays a sharp shift in external financing from official assistance to private capital transfers in the 1990s. Whereas the capital account of the balance of payment reflects ...

The underground economy comprises economic activities not accounted for in national income statistics and is, therefore, difficult to measure. The difficulty arises because this economy comprises a host of traditional and ...

This paper develops a conceptual framework for applying good governance to systems of public expenditure management (PEM), and analyses governance in public expenditure management in Kenya. An overview of some key governance ...

This paper examines a range of factors that determine primary school output (proxied by examination performance) with an aim of identifying the main inputs that are of policy relevance in the improvement of quality of ...

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 ...

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 ...