Browsing by Author "Cheptoo Amos"

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    A Conceptual and an Empirical Study on the Determinants and the Possibility of Sustained Growth in Kenya
    (A.A.U, 1996-06) Cheptoo Amos; Ahma Wolday
    This paper is a general empirical study on the determinants and the possibility of sustained growth for Kenya. Some determinants were regressed on investment, agricultural output, growth in the service sector, net capital inflow, and growth in exports. It concludes that financial deepening, outward orientation, foreign capital inflow, human capital development and service sector growth have a strong positive link to better economic performance. Population size, political disruption and adverse terms of trade are lethal to growth. The paper further reveals the substitution between economic prudence and donor funding, held responsible for current economic achievements. This is attributed to donor conditionality and competitive multi-part} politics which forced the government to clean up economic ismanagement and built a reputation. This can only be maintained if policies are incessantly consistent without reversal.