The growth rate series in Kenya: Evidence of non‐linearities and factors behind the slow growth
研究了肯尼亚过去50年增长率的统计特性，发现其存在不稳定、非线性和长记忆性，并指出独立后异常政治制度是导致经济制度薄弱、宏观管理不善和易受冲击的根本原因。
Abstract This paper deals with the growth rate in Kenya, examining its statistical properties and investigating the factors that may explain the slow growth rates observed during the last 50 years. The results show that Kenyan growth rate is unstable with non‐linearities and long range dependence structures. We also investigate what might explain these features. In this regard, we conclude that the development of anomalous political institutions in Kenya in the decades after independence is the root cause that has led to subsequent weak economic institutions and macroeconomic mismanagement and the vulnerability of the Kenyan economy to domestic and external shocks.