tourism CGE model is applied to estimate the impact of growth in the tourism sector on national welfare in Kenya.The model is … expenditure has the potential to bring positive economic benefits to Kenya and reduce income inequality. However, urban residents …

respect to external shocks. Using dynamic panel techniques the paper estimates the growth dynamics for these countries. The … others. In order to study dynamic economic growth in our sample countries, we use dynamic panel estimation techniques. This … allows us to relate economic growth at a given time to that observed at an earlier time [AR (1) model]. The dynamic model …

Trade liberalization in Kenya started in the early 1980’s with the structural adjustment programmes, and continued … favour of trade liberalization such as economic growth, in that countries that have opened their markets have experienced … higher growth, increased incomes and diffusion of advanced technologies. However, while trade liberalization comes with …

Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a … capital accumulation and low technological capabilities. For developing countries, GDP, GDP growth or the per capita versions … Reports. A growth model for developing countries should therefore put special emphasis on these non-monetary issues of …

We apply Bayesian Model Averaging procedures to a dataset on growth to estimate the output gap caused by the recent …

This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly … capitalization, and economic growth is negative. This result is consistent with Harris’ (1997) finding that the stock market … development generally does not contribute positively to economic growth in developing countries if the stock market is mainly an …

Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the … to endogenous growth models, which often assume that a larger set of intermediate inputs increases productivity and … growth. The idea that countries can gain from international trade by getting ascces to a larger set of new products or new …

GDP growth in 1980--2004, with technological progress being particularly powerful in 1990--2004. Average efficiency levels … have been declining, providing negative contributions to GDP growth. 10. According to the Cobb--Douglas production function … specification, TFP growth, physical capital accumulation, and human capital accumulation have all provided positive contributions to …