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• W1881733906 abstract "Lifting the long run growth rate is, arguably, the pursuit of every economy. What should Kenya do to enhance its long run growth rate? This paper attempts to answer this question by examining the determinants of total factor productivity (TFP) in Kenya. We utilized the theoretical insights from the Solow (1956) growth model and its extension by Mankiw, Romer and Weil (1992) and followed Senhadji’s (2000) growth accounting procedure. We find that growth in Kenya, until the 1990s was mainly due to factor accumulation. Since then, TFP has made a small contributionto growth. Our findings imply that while variables like overseas development aid, foreign direct investment and progress of financial sector improves TFP, trade openness is the key determinant. Consequently, policy makers should focus on policies that improve trade openness if long rungrowth rate is to be raised." @default.
• W1881733906 created "2016-06-24" @default.
• W1881733906 creator A5054002275 @default.
• W1881733906 creator A5081735553 @default.
• W1881733906 date "2010-08-01" @default.
• W1881733906 modified "2023-09-22" @default.
• W1881733906 title "What Determines the Long run Growth in Kenya" @default.
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• W1881733906 hasPublicationYear "2010" @default.
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