This study has used micro data to analyse the effect of human capital externality on earnings and returns to education. The parameters of the earnings function are estimated using the ordinary least squares method. The ...

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 ...

Land is both a ‘social’ and economic asset. As an economic asset, land works either as a financial tool or production tool. Land as a production tool is essential in production of agricultural goods. At the same time, land ...

Since independence in 1963, Kenya has invested substantial resources in education. For almost three successive decades, these investments and other government policies led to impressive gains in educational access at all ...

This paper focuses on policy, institutional and regulatory reforms in the food crops sub-sector: maize, wheat and rice. Reforms in this subsector were expected to enhance market coordination and control, in addition to ...

Wheat is the second most important food crop in Kenya. Wheat production has however declined over the years due to high production costs, high capital costs, lack of credit for production, and the low level of ...

This Special Paper examines the constraints that limit access to finance and to develop specific recommendations for the removal of legal constraints and further actions to address problems of non-legal nature. The structure ...

Government legislation and regulations, while necessary in any modern society, impose a considerable cost burden on businesses. The regulatory framework of a country affects all businesses in that it imposes costs ...

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 ...

Excise taxes form a substantial proportion of revenue for governments all over the world, and especially in low-income developing countries. Excise taxes are levied on a few goods characterised by low price elasticity ...