A statistical projection model for Kenyan economy

Abstract

This paper presents preliminary results of an attempt to design and fit a simple econometric model to the Kenya economy. The purpose of the model is to facilitate the analysis of the implications of development plans and to check the consistency of stated programs of development expenditure and development targets. It is a slightly modified version of the model presented by Professor Paul Clark- which was designed to be used in making intermediate-term projections for development planning utilizing only those statistical series available in East Africa. Since the Clark model has been fitted to the Uganda and Tanzania economies, the completion of this Kenya's model should also permit a comparative study of the structure of the three East African economies.