Big Data

What Determines The Long Run Growth In Kenya?

Date Added: Aug 2010
Format: PDF

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. The authors 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. They find that growth in Kenya, until the 1990s was mainly due to factor accumulation.