http://hdl.handle.net/10500/26 2013-05-25T20:18:01Z 2013-05-25T20:18:01Z Omolo, Miriam Walo Oiro http://hdl.handle.net/10500/8769 2013-03-16T22:00:29Z 2013-03-11T00:00:00Z

The impact of trade policy reforms on households : a welfare analysis for Kenya Omolo, Miriam Walo Oiro Trade liberalization in Kenya started in the early 1980s with the structural adjustment programmes, and continued under the multilateral framework of the WTO. During the same period, the incidence of poverty and level of inequality also worsened. The government’s focus on trade negotiations has been to ensure that there is policy space for the daily running of the economy even though welfare impacts are also important. Non-state actors have argued that trade liberalization has negatively affected the poor; particularly the farmers, since they cannot compete with the developed countries whose farmers enjoy significant government support through subsidies, making their products much cheaper in the world market. Government officials, on the other hand, contend that trade liberalization is good as it brings in competition and transfer of technology which is good for an economy. It is important to examine how trade liberalization has affected household’s welfare in Kenya, given that this kind of analysis has not been conducted in Kenya. This study is unique because it does not assume the existence of a trade liberalization– poverty relationship, unlike most studies. It uses a multi-method approach to first test the hypothesis that there is no statistically significant relationship between trade liberalization and poverty, it further tests for multiplier effects of trade liberalization on poverty determinants. Trade Liberalization and poverty is found to have a stochastic relationship, furthermore investments and capital stock were found to significantly affect poverty determinants in the stochastic model. Due to unavailability of household welfare measure data in time series, a CGE model was used to establish the dynamics of trade liberalization on poverty at a point in time using the 2003 Social Accounting Matrix Data for Kenya. Overall, trade liberalization accompanied by FDI had the greatest impact on household welfare. Trade liberalization had a positive impact on household welfare since household incomes and consumption increased. Micro simulations results, based on changes in consumption, also showed that poverty incidence reduced for all households, even though the urban households experienced higher decreases. The study found that there was little difference in protecting sensitive products and not protecting them; secondly, trade liberalization accompanied by foreign direct investment had greater impact on improving the household welfare. Consumption and incomes increased, resulting in overall poverty reduction. The welfare of urban households was much higher than rural households in terms of income and consumption increases. However, income inequality was much higher in urban than rural areas.

2013-03-11T00:00:00Z Maqanda, Vuyani http://hdl.handle.net/10500/8107 2013-05-15T12:55:42Z 2012-08-01T00:00:00Z

Competitiveness of small businesses owned by Asians and expatriate Africans in South Africa compared to those owned by indigenous citizens Maqanda, Vuyani Asians and expatriate Africans have been prominent in the SMME economy of South Africa. This work seeks to establish reasons for the growth and competitiveness of SMMEs run by these groups compared to those operated by local citizens. Reasons for this competitiveness are gleaned from existing literature and presented in accordance with the Perren model which attributes the growth of SMMEs to the owner’s motivation, expertise in managing growth, access to resources, and demand. In this work, the Perren model was first applied to Asians and Lebanese in East and West Africa to set a foundation for comparison with the South African situation. This work concluded that it is the four interim growth drivers acting together that cause competitiveness of Asian- or expatriate African-owned SMMEs. Policy recommendations to improve competitiveness of SMMEs owned by local citizens are then suggested at the end.

2012-08-01T00:00:00Z Eggink, Maria Elizabeth http://hdl.handle.net/10500/5809 2013-04-03T05:56:32Z 2011-11-01T00:00:00Z

The role of innovation in economic development Eggink, Maria Elizabeth The aim of this study is to determine the role that innovation plays in economic development and how an economic environment can be created that is conducive to innovation. The urgent need for development in large parts of the world indicates the importance of the increase in innovative activities because innovation is indicated as the “engine of growth and development”. It was found that innovation takes place within an innovation system and should be studied from a system perspective. The system perspective implies that there are different participants and that these participants function individually but that they also interact (wittingly or unwittingly) with one another. The innovation system is defined as a system that includes the participants or actors and their activities and interactions, as well as the socio-economic environment within which these actors or participants function, which determine the innovative performance of the system. A system approach is therefore necessary to study the influence of innovation on development. The role that innovation plays in economic development has been established by means of the historical patterns of economic development and major innovations as well as an analysis of literature of empirical studies. The historical pattern indicates the importance of innovation for economic development, but literature revealed the complexity of the relationship due to the non-linear relationship among different actors or participants in an innovation system. The main determinants of innovation was identified and a conceptual, descriptive model for an innovation system was developed, indicating the different participants, their roles, the interaction among them, and the economic environment within which the participants function. The model was applied to the Mpumalanga province in South Africa as case study. Strengths and weaknesses were identified in the Mpumalanga innovation system and recommendations were made for the improvement of the Mpumalanga innovation system which in turn should lead to an improvement in the economic development of the province.

2011-11-01T00:00:00Z Adeyefa, Segun Adeyemi http://hdl.handle.net/10500/5703 2013-03-25T06:37:28Z 2011-06-01T00:00:00Z

Satisticing solutions for multiobjective stochastic linear programming problems Adeyefa, Segun Adeyemi Multiobjective Stochastic Linear Programming is a relevant topic. As a matter of fact, many real life problems ranging from portfolio selection to water resource management may be cast into this framework. There are severe limitations in objectivity in this field due to the simultaneous presence of randomness and conflicting goals. In such a turbulent environment, the mainstay of rational choice does not hold and it is virtually impossible to provide a truly scientific foundation for an optimal decision. In this thesis, we resort to the bounded rationality and chance-constrained principles to define satisficing solutions for Multiobjective Stochastic Linear Programming problems. These solutions are then characterized for the cases of normal, exponential, chi-squared and gamma distributions. Ways for singling out such solutions are discussed and numerical examples provided for the sake of illustration. Extension to the case of fuzzy random coefficients is also carried out.

2011-06-01T00:00:00Z