O presente estudo, assumindo um orçamento equilibrado, busca estimar a administraçãoideal de despesas de um governo descentralizado em 47 unidades subnacionaisdo Quênia por meio da regressão de painel ARDL e o modelo de Scully para o período2014-2018. O modelo de estimativa examinou a ideia de Armey de uma curva quadráticaque explica o nível de despesas governamentais e o nível correspondente decrescimento econômico. A análise do painel ARDL revela que o tamanho de governosdescentr...
This study, assuming a balanced budget, attempts to estimate the optimal size ofdevolved government expenditure in 47 Kenyan counties using the panel ARDLregression and Scully (2008) model for the period 2014-2018. The estimation modelexamined Armey’s idea of a quadratic curve that explains the level of governmentexpenditure in an economy and the corresponding level of economic growth. Thepanel ARDL series analysis reveals that devolved government size is optimized whencounty expenditures s...
Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long-run and error co...
Public and private investment in agricultural research and development (R&D) createspreconditions for the implementation of more advanced and better technologies. It enables theintroduction of new production processes and products which can result in higher earnings andpotential sectoral economic growth in Agriculture. Despite the fact that accelerated agriculturalresearch and development is a catalyst for the beginning of the long-run economic activity, itsimportance is not widely investigat...
The objective of regional integration is the attainment of long-run economic growth for membercountries. Private investments are decisive in attaining this objective, given the high dependence ofEAC member states on state-owned investment. This has been attributed to the economic policiesimplemented by the government which favors state-owned investment. Further, existing empiricalstudies have been unable to determine whether trade liberalization advances or obstructs theaccumulation of privat...
Inclusive financial systems in any economy cannot be ignored. In fact, it has become a policystrategy in many governments around the world, including East Africa region economies – Kenya,Uganda and Tanzania. Using panel data, this study presents a cross country analysis of thevariables that determine financial inclusion levels with a key focus on economic growth throughdemand leading hypothesis. The study sought to test if economic expansion matters in financialinclusion in East Africa for ...
Adolescents face several challenges where ASRH issues are concerned. One of these issues is the low uptake of HIV prevention services especially those in high-density urban townships who are prone to several factors that hinder their access to HIV prevention services. This study sought to highlight the prevalence of HIV prevention methods use among adolescents and factors that determine their accessibility in Dzivarasekwa and Tynwald Districts. A total of 500 questionnaires were administered ...
Though many scholars have written several articles on the livelihoods activities of the tribal population, only a few have tried to offer an outsider in-depth analysis of the livelihoods of tribal people, specifically those in North East India. The few research on this topic mainly focused on the challenges being faced by tribal communities without paying attention to how the tribes are manoeuvring their vast challenges in their livelihoods, opportunities and the constraints they face in doin...
Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, in-tending to eliminate exchange rate uncertainty within the bloc and reduce the costs of the mon-etary union. However, recent empirical studies indicate that the rate of convergence of the member states to the set macroecon...
Faced with the financial crisis and global economic recessions, Africa governments have rediscovered the importance of economic policy instruments. They use it to rescue the bankrupt banks, and to make more economic activity to carry back recession. But now there's a backlash demanding that the deficits used to create the stimulus must be reduced by cutting public consumption spending on a grand scale. Hence the target of this study is to explore the role of public consumption expenditure on ...
While there's an outsized consensus within the empirical literature on the negative impact of corruption on the economic process, some studies still argue that corruption could also be economically justified. There is, however, little empirical evidence to validate the impact of corruption on economic growth within the devolved units. The effect of the corruption rate on the economic activities is examined using ordinary least squares regression analysis and Kenya county-level data. The resul...
Domestic savings is a vital source of investment funds, especially for developing economies. It is thus essentialthat internal savings capacity in these economies is increased to enhance investment financing and economicgrowth. Since increased reliance on external capital flows can result in economic instability, achieving a highernational saving rate is a critical macroeconomic objective for many developing countries. However, domesticsavings remain low in many of them including Kenya, posin...
Exchange rate volatility and declining capital inflow are important policy issues that inform macroeconomic policies and strategies of developing countries. Most developing economies have small potential resource base, faces foreign exchange volatility and limited market of agricultural products, thus investigating the role of capital flight is significant for these states. Cognizant of this, the study will try to answer the paradox of capital outflow and exchange uncertainty. The research wi...
Capital flight remains significant for public officials in East Africa member states, especially since the emergenceof the foreign debt crisis and the associated drastic decline in capital inflows from developed nations and BrettonWoods institutions. Given their smaller resource base, debt accumulation and budget deficit, the problem of capitalflight in developing nations requires examination. The study examined the effect of accumulating external debt oncapital flight in East African countri...
In the wake of the steep fall in the national savings due to economic shocks, among them the COVID-19 pandemic macroeconomic consequences, this study examines to what extent inflation explains the variation in the saving behavior in developing countries. Most past empirical studies investigated the role of inflation on savings only in advanced nations. The current study will investigate the effect of inflation on savings culture in Kenya. To determine how inflation explains saving, the study ...