cointegration was confirmed using Kao test, the long-run and error correction estimates of the panel ARDL model were obtained. The ARDL results revealed that spending on recurrent and rise in absorption rate of expenditure exerts a positive and significant effect on economic growth both in short-run and long-run hence confirming Keynesian theory inKenya. However, capital expenditure was insignificant during the study period. Arising from the study findings, this study submits that the county authorities need to put in place policies that will improve budget allocation and execution so as to improve expenditure to capital infrastructure in counties. This is because counties typically lack infrastructures such as roads, power, water and communications that boost private productivity and consequently GCP growth.
Mose, N. (2024). Analysis of County Government Expenditure and County Economic Growth in Kenya. Afribary. Retrieved from https://tracking.afribary.com/works/analysis-of-county-government-expenditure-and-county-economic-growth-in-kenya-2
Mose, Naftaly "Analysis of County Government Expenditure and County Economic Growth in Kenya" Afribary. Afribary, 03 Jan. 2024, https://tracking.afribary.com/works/analysis-of-county-government-expenditure-and-county-economic-growth-in-kenya-2. Accessed 21 Nov. 2024.
Mose, Naftaly . "Analysis of County Government Expenditure and County Economic Growth in Kenya". Afribary, Afribary, 03 Jan. 2024. Web. 21 Nov. 2024. < https://tracking.afribary.com/works/analysis-of-county-government-expenditure-and-county-economic-growth-in-kenya-2 >.
Mose, Naftaly . "Analysis of County Government Expenditure and County Economic Growth in Kenya" Afribary (2024). Accessed November 21, 2024. https://tracking.afribary.com/works/analysis-of-county-government-expenditure-and-county-economic-growth-in-kenya-2