목차

ABSTRACT II
ACKNOWLEDGEMENTS III
DEDICATION IV
TABLE OF CONTENTS V
LIST OF TABLES VII
LIST OF FIGURES VIII
ABBREVIATIONS IX
CHAPTER 1 1
INTRODUCTION 1
CHAPTER 2 5
BACKGROUND OF THE KENYAN ECONOMY 5
2.1 INTRODUCTION 5
2.2 THE ECONOMY OF KENYA 5
Import Substitution (IS) Strategy 6
Structural Adjustment Policies (SAPs) 7
Export-led policies 8
2.3 KENYA AND THE TRADING PARTNERS 9
2.4 THE PERFORMANCE OF KENYA IN INTERNATIONAL TRADE 10
2.4.1 Exports 12
2.4.2 Imports 14
CHAPTER 3 18
LITERATURE REVIEW 17
3.1 THEORETICAL FRAMEWORK 18
3.2 EMPIRICAL REVIEW 21
CHAPTER 4 25
DATA AND METHODOLOGY 25
4.1 DATA 25
4.2 METHODOLOGY 25
CHAPTER 5 29
RESULTS AND PRESENTATION OF ANALYSIS 29
5.1 UNIT ROOTS TEST 29
5.2 COINTEGRATION TEST 31
5.3 LONG-RUN REGRESSION RESULTS 32
5.4 ERROR CORRECTION MODEL 33
CHAPTER 6 35
CONCLUSION AND POLICY IMPLICATIONS 35
6.1 CONCLUSION 35
6.2 POLICY IMPLICATIONS 36
6.3 SUGGESTION FOR FURTHER STUDIES 38
BIBLIOGRAPHY 39
APPENDIX……………………………...…………………………………………………….........42