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.
History
Publisher
Institute for Development Studies, University of Nairobi
Citation
Aseto, Oyugi (1977) Capital growth and development policy : the Kenyan experience. Working paper no. 311, Nairobi: Institute for Development Studies, University of Nairobi
Series
Working Papers. 311
IDS Item Types
Series paper (non-IDS)
Copyright holder
Institute for Development Studies, University of Nairobi