Working Papers in Economics
No 142:
Kenya’s Development Path and Factor Prices 1964-2000
Arne Bigsten ()
and Dick Durevall ()
Abstract: This study analyses how changes in factor abundance and
trade policy have affected factor prices in Kenya since 1964. First there
was a period of capital deepening, but this was reversed from 1982. As a
result, there has been a shift of production towards the labour-intensive
informal sector. The econometric analysis shows that in the long run factor
proportions determined relative factor returns; for instance, an increase
in the capital-labour ratio raised the wage-capital rental ratio. We did
not find any significant impact of changes in goods prices, due to among
other things changes in trade policy, on factor returns.
Keywords: Factor abundance; trade policy; globalisation; factor prices; Kenya; (follow links to similar papers)
JEL-Codes: D13; F13; O55; (follow links to similar papers)
41 pages, August 16, 2004
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