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Author:
Publisher:
ISBN:
Category : Commercial products
Languages : en
Pages : 54
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Author:
Publisher:
ISBN:
Category : Commercial products
Languages : en
Pages : 54
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Book Description
Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply in relative importance. Kenya's top four main exports do not earn enough to pay for oil imports, not to mention other imports. It will be very difficult for Kenya to achieve high growth over an extended period of time because of its existing economic imbalances. Kenya needs to increase its export competitiveness. It is clear that Kenya's trade performance is below its potential. The objective of this overview is to provide some of that analysis and to contribute to the policy dialogue on the role of exports Kenya's future growth. This paper focuses on five issues: 1) overall trade orientation and export growth; 2) merchandise export trends; 3) merchandise exports by sector; 4) merchandise exports by destination; and 5) diversification. The growth of merchandise exports has been slow and volatile. The average annual growth rate of merchandise exports has been only 10 percent. And while countries such as Vietnam have has a distinct export growth trajectory with steady growth in merchandise exports year after year, Kenya's pattern has been rather volatile with a few good years followed by major falls. Export growth has been driven primarily by existing products in existing markets. Overall there has been little new product/new market discovery.
Author: Geoffrey Musyoki Kitetu
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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This paper aims to empirically analyze Kenya's and Korea's export determinants and export performance by using an augmented gravity model. The augmented gravity model for Kenya and Korea was estimated for three different country groups: the 70, 50 and 30 country data sets. The major findings of this study are as follows. A product of exporter's GDP and her trading partners' GDP had a significant and positive effect on the export flows of both Kenya and Korea. For Kenya, the border also had a positive impact on her exports. For Korea, labor productivity had a significant and positive impact on her exports for the three data sets of country groups, while free trade agreements (FTAs) had a significant and positive impact on her exports only for the data set of 30 countries. For Kenya, GDP per capita and her trading partners' GDP per capita had a significant and negative effect on her exports only for the 50 country data set. The exchange rate for Kenya had a significant and negative impact on her exports for all three country data sets, because of Kenya's peculiar composition of exported goods such as raw coffee, tea, horticultural crops and raw minerals. For Korea, distance had a significant and negative effect on her export flows. For Korea, GDP per capita and her trading partners' GDP per capita had a significant and negative impact on her exports for all three data sets of country groups. The exchange rate for Korea had mixed effects with the 70 country data set showing significant and positive effects, while the 50 and 30 country data set had a significant and negative effect on her export flows, which implies that exchange rate depreciation for Korea encouraged export with 70 countries, while it slowed export growth with 50 and 30 countries.
Author: Eliud Moyi
Publisher:
ISBN:
Category : Comparative advantage (International trade).
Languages : en
Pages : 38
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Author: Bernard Mbui Wagacha
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 60
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Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply in relative importance. Kenya's top four main exports do not earn enough to pay for oil imports, not to mention other imports. It will be very difficult for Kenya to achieve high growth over an extended period of time because of its existing economic imbalances. Kenya needs to increase its export competitiveness. It is clear that Kenya's trade performance is below its potential. The objective of this overview is to provide some of that analysis and to contribute to the policy dialogue on the role of exports Kenya's future growth. This paper focuses on five issues: 1) overall trade orientation and export growth; 2) merchandise export trends; 3) merchandise exports by sector; 4) merchandise exports by destination; and 5) diversification. The growth of merchandise exports has been slow and volatile. The average annual growth rate of merchandise exports has been only 10 percent. And while countries such as Vietnam have has a distinct export growth trajectory with steady growth in merchandise exports year after year, Kenya's pattern has been rather volatile with a few good years followed by major falls. Export growth has been driven primarily by existing products in existing markets. Overall there has been little new product/new market discovery.
Author: Thomas Farole
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Author: Peter Wamalwa
Publisher:
ISBN: 9789292567514
Category :
Languages : en
Pages :
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The role of exports in promoting economic growth has been widely acknowledged. This paper analyses the link between exporting and growth performance in Kenya using time series data. Despite trade liberalization and export promotion policies pursued over time, Kenya's export growth has been sluggish and its contribution to economic growth is still limited. Notwithstanding diversification efforts, exports are still strongly geared towards primary agricultural goods. Whereas the empirical results indicate a positive long-run relationship between exporting and output, the impact of exporting on output growth is found to be statistically insignificant in the short run. Nonetheless, analysis using disaggregated export data shows a statistically significant impact of manufactured exports on economic growth. The empirical results also indicate that compared to exports, imports have a relatively significant influence on short-run and long-run output growth. This signifies the import-dependent nature of the economy. There is a need to revamp export-led growth through enhanced competitiveness and value-addition avenues such as regional and global value chains.
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451821062
Category : Business & Economics
Languages : en
Pages : 0
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This Selected Issues paper and Statistical Appendix addresses the question of how to interpret recent developments in the Kenyan consumer price index (CPI) properly to assess the current inflation pressure and extract signals about possible future CPI inflation trends. The paper discusses why Kenya’s exports have performed poorly over the past five years in spite of a more liberalized trade and exchange rate regime. The analysis shows that Kenya faces both price and nonprice constraints on export performance.
Author:
Publisher:
ISBN: 9789966058416
Category :
Languages : en
Pages : 34
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