Since the pioneering work of Tinbergen in the late 1930s, the use of macroeconomic models as vital instruments for policy analysis has gained considerable interest. Based on historical behaviour of an economy, an ...

Model simulations are perfonned for different reasons, such as policy evaluation, historical policy analysis and model testing. Ex ante simulations tend to be more popular, particularly for the purposes of evaluating ...

With globalisation, export-led growth strategy has become a major focus for many countries including Kenya. Although there have been efforts towards diversification of the export sector, Kenya’s exports are still dominated ...