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Exchange strongRatesstrong and Economic strongGrowthstrong in Kenya An Econometric.pdf
Exchange Rates and Economic Growth in Kenya:
An Econometric Analysis
African Economic Policy
Discussion Paper Number 56
July 2000
Malcolm F. McPherson and Tzvetana Rakovski
Belfer Center for Science International Affairs
John F. Kennedy School of Government
Funded by
United States Agency for International Development
Bureau for Africa
Office of Sustainable Development
Washington, DC 20523-4600
The views and interpretations in this paper are those of the author(s)
and not necessarily of the affiliated institutions.
Equity and Growth through
Economic Research
EAGER supports economic and social science policy analysis in Sub-Saharan Africa. Its primary goal is to increase
the availability and the use of policy analysis by both public and private sector decision-makers. In addition to the goal
of achieving policy reform, EAGER seeks to improve the capacity of African researchers and research organizations
to contribute to policy debates in their countries. In support of this goal, EAGER sponsors collaboration among
American and African researchers and research organizations.
EAGER is implemented through two cooperative agreements and a communications logistics contract financed by the
United States Agency for International Development (USAID), Strategic Analysis Division, The Office of Sustainable
Development, Bureau for Africa. A consortium led by the Harvard Institute for International Development (HIID)
holds the cooperative agreement for Public Strategies for Growth and Equity. Associates for International Resources
and Development (AIRD) lead
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