Abstract
This paper focuses on Kenya with the purpose of understanding the role of public spending in the primary sector in addressing the current food crisis and in contributing to overall economic growth and alleviating poverty and food insecurity according to the first Millennium Development Goal. The empirical investigation, based on the 2003 Social Accounting Matrix, integrates two distinguished models - the unconstrained and constrained multiplier models - for a better characterisation of the country’s economic linkages in a context of international market volatility. Results point to the potential positive impact of government intervention in agriculture on economic development and its limits, particularly with reference to the growth-equity nexus.
Keywords: Food security, agricultural public expenditure, social accounting matrix, multiplier analysis, Kenya.
About this chapter
Cite this chapter as:
Maria Sassi ;Global Crisis and Agricultural Public Spending in Kenya: A SAM Multiplier Approach, Research Topics in Agricultural and Applied Economics (2011) 2: 121. https://doi.org/10.2174/978160805243111102010121
DOI https://doi.org/10.2174/978160805243111102010121 |
Print ISSN 2589-1472 |
Publisher Name Bentham Science Publisher |
Online ISSN 1879-7415 |