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: ...

Global business pressures generated by globalization and liberalization have shifted emphasis from traditional factors of competitiveness (such as price reductions) towards new forms of competitiveness (such as innovation ...

One of Kenya’s development goals is to provide an enabling environment for both local and foreign investors. An important element of such an environment is the physical infrastructure especially land and workspaces. An ...

This study looks at the relationship between Foreign Direct Investment (FDI) flows and various institutional factors. The study uses data for developing countries and draws implications for Kenya. Kenya has in the last ...

The study explores the development of the Nairobi Stock Exchange primary market since its inception in 1953. To understand the factors influencing growth of the market, the study uses a historical perspective approach. ...