Rational economic decisions and the current account in Kenya:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | Undetermined |
| Published: |
Aldershot [u.a.]
Avebury
1995
|
| Series: | The making of modern Africa
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | X, 151 S. graph. Darst. |
| ISBN: | 1859722369 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Rational Economic Decisions
and the Current Account in
Kenya
GEOFFREY MWAU
and
JAGDISH HAND A
Avebury
Aldershot • Brookfield USA • Hong Kong • Singapore • Sydney
Contents
Preface viii
About the authors x
1 Introduction 1
2 Hie Kenyan economy:
macroeconomic developments, 1964-1988 S
2 1 Introduction S
2 2 Macroeconomic performance, 1964-1973 7
2 3 Macroeconomic performance, 1973-1988 9
2 4 Exogenous shocks and government policy responses
after 1973 11
2 5 Hie effects on private consumption and investment 16
2 6 The behaviour of the current account 16
3 The review of the literature 28
3 1 Introduction 28
3 2 The traditional approaches to the balance of
payments adjustment 28
321 The elasticities approach 29
322 The absorption approach 31
323 The monetary approach 33
3 3 Structuralist and Computable General Equilibrium
models 35
331 The structuralist models 35
332 Computable General Equilibrium models 36
Rational Economic Decisions and the Current Account in Kenya
3 4 Empirical approaches to decomposing the current account 37
3 5 Empirical studies on Kenya 42
4 The general theoretical framework 44
4 1 Introduction 44
4 2 The specification of the general model 47
421 Consumption 47
422 Production 50
4 3 Private sector equilibrium 54
4 4 The behaviour of the government 59
4 5 The interaction between the private sector and
the government 62
5 The theoretical model and econometric estimation 67
5 1 Introduction 67
5 2 Econometric issues 68
5 3 Private production 70
5 4 Private consumption 75
5 5 Private investment 87
5 6 Government behaviour 92
5 7 The interaction between the government and
the private sector - • 94
Conclusions 98
Appendix I: Derivation of factor demand functions 100
Appendix II: Stationarity tests for the variables used
in the empirical model 102
6 Simulation of the model • 104
6 1 Introduction 104
6 2 The macroeconomic model 105
6 3 Model simulation 106
631 Historical simulation 107
632 Base simulation of the model 111
6 4 Simulated effects of exogenous shocks and government
policy variables 119
641 The effect of an increase in the relative
price of imported inputs 119
642 Real exchange rate appreciation 123
643 Government expenditures and the capacity
to import 125
vi
Contents
644 Wage policy and the relative price of capital 131
Conclusions 131
7 Summary and conclusions 133
Data sources and definitions 136
Bibliography 138
vu
|
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| geographic | Kenia (DE-588)4030236-2 gnd |
| geographic_facet | Kenia |
| id | DE-604.BV010572549 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:55:15Z |
| institution | BVB |
| isbn | 1859722369 |
| language | Undetermined |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007047579 |
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| owner | DE-703 DE-12 |
| owner_facet | DE-703 DE-12 |
| physical | X, 151 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Avebury |
| record_format | marc |
| series2 | The making of modern Africa |
| spelling | Mwau, Geoffrey Verfasser aut Rational economic decisions and the current account in Kenya Geoffrey Mwau and Jagdish Handa Aldershot [u.a.] Avebury 1995 X, 151 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The making of modern Africa Geschichte 1964-1988 gnd rswk-swf Rationalität (DE-588)4048507-9 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Neoklassisches Modell (DE-588)4115361-3 gnd rswk-swf Kenia (DE-588)4030236-2 gnd rswk-swf Kenia (DE-588)4030236-2 g Wirtschaftspolitik (DE-588)4066493-4 s Rationalität (DE-588)4048507-9 s Neoklassisches Modell (DE-588)4115361-3 s Geschichte 1964-1988 z DE-604 Handa, Jagdish 1939- Verfasser (DE-588)137984243 aut HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007047579&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mwau, Geoffrey Handa, Jagdish 1939- Rational economic decisions and the current account in Kenya Rationalität (DE-588)4048507-9 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd Neoklassisches Modell (DE-588)4115361-3 gnd |
| subject_GND | (DE-588)4048507-9 (DE-588)4066493-4 (DE-588)4115361-3 (DE-588)4030236-2 |
| title | Rational economic decisions and the current account in Kenya |
| title_auth | Rational economic decisions and the current account in Kenya |
| title_exact_search | Rational economic decisions and the current account in Kenya |
| title_full | Rational economic decisions and the current account in Kenya Geoffrey Mwau and Jagdish Handa |
| title_fullStr | Rational economic decisions and the current account in Kenya Geoffrey Mwau and Jagdish Handa |
| title_full_unstemmed | Rational economic decisions and the current account in Kenya Geoffrey Mwau and Jagdish Handa |
| title_short | Rational economic decisions and the current account in Kenya |
| title_sort | rational economic decisions and the current account in kenya |
| topic | Rationalität (DE-588)4048507-9 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd Neoklassisches Modell (DE-588)4115361-3 gnd |
| topic_facet | Rationalität Wirtschaftspolitik Neoklassisches Modell Kenia |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007047579&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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