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A Note on Private Sector Asset Portfolios in Developing Economies: Econometric Estimates from the Kenyan Economy

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Author Info
Adam, C.S.

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Abstract

This paper provides a set of benchmark estimates of the private sector's income and price elasticities of demand for the asset market components of this class of AGE models calibrated for low-income developing economies. The results presented in this paper are based on the estimation of a cointegrated asset demand system for Kenya, where the private sector is assumed to hold its wealth in terms of five assets and one liability.

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Publisher Info
Paper provided by Centre for the Study of African Economies, University of Oxford in its series Working Papers Series with number 96-1.

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Length: 25 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:oxesaf:96-1

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Postal: Centre for the Study of African Economies Institute of Economics and Statistics University of Oxford St. Cross Building, Manor Road Oxford, OX1 3UL, UK.
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Postal: Publications Office Centre for the Study of African Economies Institute of Economics and Statistics University of Oxford St Cross Building Manor Road Oxford OX1 3UL
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Related research
Keywords: ECONOMETRICS; EVALUATION; DEVELOPING COUNTRIES; KENYA; FINANCIAL MARKET;

Find related papers by JEL classification:
C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General
C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Estimation
G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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This page was last updated on 2009-12-16.

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