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dc.contributor.authorKibet, Ray Reuben
dc.date.accessioned2016-03-02T13:02:28Z
dc.date.available2016-03-02T13:02:28Z
dc.date.issued2015-12-14
dc.identifier.urihttp://hdl.handle.net/11071/4278
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Actuarial Science at Strathmore Universityen_US
dc.description.abstractNeoclassical growth accounting literature has shown that total factor productivity has a positive relationship with output. Based on OLS estimation techniques on data for Kenya between the years 2002 and 2013, this study finds that agglomeration economies, macroeconomic stability and political stability are good contributors of total factor productivity growth, which in turn leads to aggregate output growth. The findings of this study point to a shift from the notion that growth in National Income has to be stimulated by expansionary monetary spending. Other factors such as Population Density and attempts to stabilize the Macro economy can indirectly foster growth of National Income. Accordingly, the findings provide a basis for Policy makers' focus on Monetary Policy that keeps Inflation stable and the preservation of political stability and the absence of violence because this will lead to an increase in Total Factor Productivity and eventually National Output.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectTotal Factor Productivityen_US
dc.subjectKenyaen_US
dc.subjectNational Incomeen_US
dc.subjectGrowth Accountingen_US
dc.subjectLaboren_US
dc.subjectCapitalen_US
dc.subjectMacro economyen_US
dc.titleDeterminants of Total Factor Productivity in Kenyaen_US
dc.typeOtheren_US


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