At the time of independence in 1963, the Government of Kenya identified illiteracy, disease, ignorance and poverty as the main problems to be addressed in the post-independence era. In spite of the antipoverty measures ...

A lot of research has been done in finance and development with the aim of establishing the direction of causality. This effort has been necessitated by the fact that important links exist between finance and ...

The Uruguay Round of the multilateral trade negotiations led to the establishment of the World Trade Organization (WTO) in 1994, with the mandate of fostering progressive liberalization of world trade in goods and services. ...

Formulating research questions and carrying out empirical analysis is not an easy task. It is particularly difficult for practitioners in government ministries, who are bogged down with the day-to-day running of the ministry ...

The paper analyses the relationship between the real exchange rate and the real interest rate differential on one hand and the implications they have on portfolio capital flows on the other. It shows that the nominal ...

A key indicator of financial performance and efficient is the spread between lending and deposit rates. If this spread is large, it works as an impediment to the expansion and development of financial intermediation. This ...

Industrialization has been embraced by many developing countries as a means of achieving structural transformation of their economies. In Kenya, the goal of industrialization has long been held as a strategy for ...

With globalization has come increased emphasis on an outward- looking and a market-oriented economy. Consequently, the 1990s were associated with a greater degree of liberalization of the financial, foreign exchange ...

This paper critically reviews the existing Kenyan macroeconomic models, identifying their strengths and weaknesses. It argues that there are major weaknesses in the two existing models, MEPM and MELT3, particularly their ...

There is a growing body of theory and empirical evidence on the role of inequality in economic and social development. Inequality plays a role in poverty, growth and social stability. Following the post-election violence ...