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Institutional Infrastructure to Support 'Super Growth' in Kenya: Governance Thresholds, Reversion Rates and Economic Development

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  • Mwangi S. Kimenyi

    (University of Connecticut)

Abstract

Kenya Growth Vision 2030 proposes policy and institutional reforms that make it possible for the country to achieve development status of a middle income country by 2030. This paper outlines the institutional framework necessary to achieve 'Super Growth,' which describes the character of growth required to meet targets stipulated in the Vision. The paper provides evidence confirming the importance of improving the quality of governance to the achievement of the Vision. The paper also demonstrates that the country is characterized by a high probability of reverting to poor governance. It is argued that, to achieve super growth, the country must attain an institutional tipping point which associates with low reversion rates to weaker institutions. The paper provides suggestions for institutional reforms that result in the achievement of an institutional tipping point and super growth.

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Bibliographic Info

Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2007-32.

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Length: 45 pages
Date of creation: Sep 2007
Date of revision:
Handle: RePEc:uct:uconnp:2007-32

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Keywords: Geovernance; Super Growth; Institutional Tipping; Kenya Growth Vision 2030;

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References

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  1. de Haan, Jakob & Siermann, Clemens L J, 1996. " New Evidence on the Relationship between Democracy and Economic Growth," Public Choice, Springer, vol. 86(1-2), pages 175-98, January.
  2. Dani Rodrik, 1999. "Democracies Pay Higher Wages," The Quarterly Journal of Economics, MIT Press, vol. 114(3), pages 707-738, August.
  3. Rodrik, Dani, 1999. " Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses," Journal of Economic Growth, Springer, vol. 4(4), pages 385-412, December.
  4. Janvier D. Nkurunziza & Robert H. Bates, 2003. "Political Institutions and Economic Growth in Africa," CSAE Working Paper Series 2003-03, Centre for the Study of African Economies, University of Oxford.
  5. Acemoglu, Daron & Robinson, James A, 1998. "Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective," CEPR Discussion Papers 1797, C.E.P.R. Discussion Papers.
  6. James A. Robinson & Daron Acemoglu, 2000. "Political Losers as a Barrier to Economic Development," American Economic Review, American Economic Association, vol. 90(2), pages 126-130, May.
  7. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
  8. Krusell, Per & Rios-Rull, Jose-Victor, 1996. "Vested Interests in a Positive Theory of Stagnation and Growth," Review of Economic Studies, Wiley Blackwell, vol. 63(2), pages 301-29, April.
  9. Wayne Brough & Mwangi Kimenyi, 1986. "On the inefficient extraction of rents by dictators," Public Choice, Springer, vol. 48(1), pages 37-48, January.
  10. Mwangi S. Kimenyi, 2006. "The Demand for Power Diffusion: A Case Study of the 2005 Constitutional Referendum Voting in Kenya," Working papers 2006-11, University of Connecticut, Department of Economics.
  11. Mwangi S. Kimenyi, 2007. "Markets, Institutions And Millennium Development Goals," Economic Affairs, Wiley Blackwell, vol. 27(2), pages 14-19, 06.
  12. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Governance matters," Policy Research Working Paper Series 2196, The World Bank.
  13. Kimenyi, Mwangi S & Mbaku, John M, 1993. " Rent-Seeking and Institutional Stability in Developing Countries," Public Choice, Springer, vol. 77(2), pages 385-405, October.
  14. Mwangi S. Kimenyi & Germano Mwabu, 2005. "Policy Advice during a Crisis," Working papers 2005-41, University of Connecticut, Department of Economics.
  15. Mwangi S. Kimenyi, 2005. "Economic Rights, Human Development Effort and Institutions," Working papers 2005-40, University of Connecticut, Department of Economics.
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