Chapter 3 Kenya’s Recent Exchange-Rate Policy and Manufactured Export Performance
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
20 Aug 2001
Keywords:
BOOK; firm; export; industry trade; manufactured export; inefficiency index; RER misalignment; policy implication; Exports; Total factor productivity; Competition; Productivity; Manufacturing; Sub-Saharan Africa; Africa; East Asia; South Asia; Middle East; North Africa

Abstract

Trade liberalisation has formed a major component of the several structural adjustment programmes that Kenya has implemented since the mid-1970s. It has involved a reduction in tariffs and their variance as well as the tariffication of quantitative restrictions. Efforts to implement compatible macroeconomic and institutional reforms have accompanied it, along with direct export-promotion policies that, as explained below, have not had much success. This chapter analyses how, within this context, the real exchange rate (RER) has influenced the performance of Kenyan manufactured exports during the 1980s and 1990s.

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Cover Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
ISBN:
9789264187054
Publication Date:
20 Aug 2001
Publisher:
Organisation for Economic Co-Operation and Develop
DOI:
https://doi.org/10.5089/9789264187054.071
Pages:
144