Restarting and Sustaining Economic Growth and Development in Africa: The Case of Kenya
Mwangi S. Kimenyi, John Mukum Mbaku, Ngure Mwaniki
Ashgate, 2003 - Business & Economics - 294 pages
The most important public policy issues facing African countries today is how to restart and sustain economic growth and development. This volume tackles this critical issue and seeks to provide policymakers with viable options for dealing, in a more effective and sustainable way, with wealth creation. It contains a refreshing, rigorous, informative and multidisciplinary analysis of economic growth and poverty alleviation in Africa, with special reference to Kenya. The work: emphasizes the importance of laws and institutions with good public policies for sustainable growth and development; illustrates the failure of many post-independence governments to provide an environment conducive to entrepreneurship; and proves that reforms are important for restarting and sustaining economic growth and development.
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Institutions and Economic Growth
Kenya Macroeconomic Management
Unit root tests
7 other sections not shown
agricultural analysis average capital coffee COMESA commodity comparative advantage controls decline domestic market duty exemptions East African Community economic growth effect efficiency environment EPPO estimated export performance export platforms export promotion external factors farmers firms fiscal foreign exchange foreign exchange market growth in Kenya growth rate impact import duty import substitution incentives increase industries inflation infrastructure institutions interest rate Kenya Kenya's exports Kimuyu KShs labor levels macroeconomic maize major manufactured exports manufacturing sector Mbaku monetary Nairobi negative non-tradable non-traditional exports output overall Paper percent period private investment private sector productivity growth protection public sector real exchange rate real wage reduce reforms regional relative rent seeking shadow prices share shilling significant sources strategy structural adjustment Table Tanzania tradable inputs trade liberalization trade policy trade regime Uganda unit cost ratio University of Nairobi variables World Bank