Rational economic decisions and the current account in Kenya
Author(s)
Bibliographic Information
Rational economic decisions and the current account in Kenya
（The making of modern Africa）
Avebury, c1995
Available at / 8 libraries
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Library, Institute of Developing Economies, Japan External Trade Organization図
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Note
Bibliography: p. 138-151
Description and Table of Contents
Description
This book models the responses of both the government and the private sector to external shocks and to each other's responses, and derives their effects on the current account of the balance of payments of Kenya. Its model represents a theoretical and econometric application of the rational, optimizing neoclassical analysis to developing economies, with appropriate modifications for the Kenyan context. The modified neoclassical analysis proves to be valid to a considerable extent for the Kenyan context and for the general context of developing countries. Among the major findings of this book are that both the government and the private sector in Kenya are responsive to exogenous shocks and the assumption of a rigid structure of the economy is not valid. The private sector further reacts to the governmental policy responses to the external shocks. The government in setting its policies must not ignore these reactions for they will dilute the intended results of the policies.
Table of Contents
- Contents: Introduction
- The Kenyan economy
- The review of the literature
- The general theoretical framework
- The theoretical model and econometric estimation
- Simulation of the model
- Summary and conclusions
- Data sources and definition
- Bibliography.
by "Nielsen BookData"
