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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. We utilized the theoretical insights from the Solow (1956) growth model and its extension by Mankiw, Romer …
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This is the supplemental material to the paper titled "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income." It includes additional theoretical and quantitative results. It also includes illustration for the numerical algorithm for our...
Persistent link: https://www.econbiz.de/10012844703
-Saharan Africa (SSA) and also to firms in China and India, but also relatively less productive. Labor productivity in Kenya had not …The conclusions of the recently-conducted Kenya Investment Climate Assessment (ICA), based on a survey of 368 firms …, have a bearing on the country's growth agenda. The results have a bearing on the key issue of labor productivity and its …
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rate spread, and non-performing loans. A TFP decomposition finds that most of the productivity gains are captured by a …
Persistent link: https://www.econbiz.de/10012457845
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10012846881
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631