Chronic poverty can be defined in terms of the duration households are trapped in poverty. The chronically poor are those who are always poor, or usually living below the poverty line. The chronic poor suffer persistent ...

The concept of governance covers the social, economic, corporate, political and cultural aspects of how power is exercised in an organization or society. The common principles in the exercise of power include: accountability, ...

The Sessional Paper No. 2 of 2005 on Development of Micro and Small Enterprises (MSEs) for Wealth and Employment Creation for Poverty Reduction singles out restricted levels of technology as one of the major constraints ...

The Kenyan government has over the last decade been implementing financial sector reforms aimed at promoting private investment. The main focus of the reforms was liberalization of interest rate and exchange rate, ...

The study analyses the feasibility of Free Secondary Education (FSE) in Kenya. Its purpose is to present an analysis on whether Kenya can afford FSE and how such a programme can be financed without compromising the gains ...

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 ...

This paper provides estimates of technical efficiency in Kenya sugar factories. It examines factors that affect technical efficiency by applying a stochastic production frontier approach over the period 1996-2005 using ...

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 ...