A simulation analysis using Kenyan economy CGE model is undertaken to look at the effects of two important terms of trade shocks facing Kenya in the mid-1970s. It is evident that the Kenyan economy is very vulnerable to external shocks. Consequently, as these shocks invariably created internal...

There is little disagreement amongst development economists that investments in human capital—specifically education and health—are crucial for social and economic development of nations. It is widely accepted that nations cannot raise the quality of life of their citizens without...

While developing countries have prioritised primary education, higher education seems to have been neglected. The paper suggests that the low emphasis placed on higher education is because there has been a general under-appreciation of the contribution of higher education to development. The...

Over the past decade, Kenya's traditional model of local, community finance and management of schools has been crowded out from two directions. First, the Kenyan government has expanded its role in public education, through free provision of primary and, more recently, secondary education....