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    Capital growth and development policy : the Kenyan experience

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    wp311-322542.pdf (3.619Mb)
    Date
    04-01-13
    Author
    Aseto, Oyugi
    Type
    Series paper (non-IDS)
    Metadata
    Show full item record

    URI
    http://hdl.handle.net/11295/7618
    More info.
    Aseto, Oyugi (1977) Capital growth and development policy : the Kenyan experience. Working paper no. 311, Nairobi: Institute for Development Studies, University of Nairobi
    http://opendocs.ids.ac.uk/opendocs/handle/123456789/1182
    322542
    Publisher
    Institute for Development Studies, University of Nairobi
    Subject
    Economic Development
    Development Policy
    Description
    The purpose of this paper is to discuss the role of capital investment in growth and development policy, with particular reference to Kenya. The conclusion reached, through the application of regression and correlation analysis, is that (a) capital investment is a necessary but insufficient condition for the growth of the economy; (b) capital investment has little or no correlation with growth in some industrial sectors; and (c) capital investment contributes significantly in the industries which use machines and equipments. The policy for growth should distinguish between these economic sectors.
    Rights
    http://creativecommons.org/licenses/by-nc-nd/3.0/

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