ABSTRACT The East African Community member states face challenges in mobilizing tax revenues to the required level which is suitable for economic growth enhancement and attaining fiscal sustainability. Tax reforms have been implemented in the region with the main objective of mobilizing more tax revenues. However, the tax revenue collections have been inadequate leading to persistent budget deficits which shows the inability of the tax system to generate sufficient revenues to finance public...
ABSTRACT The government of Kenya has increased budgetary allocation to the education sector in its effort to achieve universal primary education and in line with the Social Pillar of Vision 2030 and global Sustainable Development Goal number four of Universal Primary Education. The budget allocation increased from 6.2 percent of Gross Domestic Product in 2002/03 to 7.4 percent in 2005/06. It, however, dropped to 5.3 percent in 2014/15 and further to 5.24 in 2017/18. As a result, Gross Enrolm...
ABSTRACT Agricultural activities contribute about 33% of the East African Community‟s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC suffer from hunger. Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investiga...
ABSTRACT Creation of productive and sustainable employment opportunities remains a key policy priority of most countries including Kenya. Employment creation in Kenya has been based on the premise that high economic growth should translate to more employment opportunities. Kenya has experienced varying rates of economic growth. Despite the increase in growth rates, Kenya’s employment elasticity declined from 1.28 in 1992-1996 to 0.5 and 0.38 in 2004-2008 and 2009-2016 respectively. The decl...
ABSTRACT Kenya has witnessed increased financial integration following capital liberalization in the late 1980s which led to increased foreign private capital flows. Financial integration is considered to complement domestic investment, enhance economic growth and reduce macroeconomic volatility by promoting credit and risk diversification. However, private capital can enhance macroeconomic volatility by exposing domestic market to external volatility. Despite Kenya experiencing increased fi...
ABSTRACT Developing countries have invested heavily in pursing policies and strategies to attract foreign direct investments to augment the existing capital stock. These efforts have seen a substantial increase in the flow of foreign direct investments to developing countries. For the last two decades foreign direct investments inflows in Kenya have risen substantially but the effect of the rising inflows on economic growth has not been felt. The growth in foreign direct investments inflows ...
ABSTRACT The implementation of the Kenya vision 2030, coupled with financing expenditures under the devolved government in the new constitution requires enormous resources. The vision requires the government to ensure that the bulk of its expenditures are met from tax revenue and that overall expenditure should be controlled to ensure stable macroeconomic environment. The Government of Kenya continued to carry out tax reforms over the years with an aim of improving taxation efficiency and in...
ABSTRACT Growing of Jatropha curcas has been received with mixed feelings in Kenya. The plant has tremendous potential to be Africa's most excellent bio-fuel feedstock. However, there have been concerns that the plant is not commercially viable and that it negatively affects food production and security. The lack of factual information coupled with politics surrounding the growth of the plant has compromised its uptake by local farmers. This has however not dampened the spirits of pro poor d...
ABSTRACT Despite the significant monitoring of training offered by universities in Kenya, the number of unemployed graduates due to perceived lack of quality and work-related skills is rising. Key policy makers are reluctant to admit the extent of Kenya‟s graduate unemployment, while employers apportion more blame to the universities. In turn, the universities blame employers for „locking out‟ students from opportunities to gain relevant work experience. The purpose of this study was to...
ABSTRACT Public debt remains one of the most critical elements of economic development especially in developing countries. This study focuses on the public debt in Kenya and its effect on economic growth. Most developing countries will expect that public debt will affect the economic growth positively. Thus the resources from public debt should be used to finance government expenditures which will spur economic growth of the country. There is a considerable increase in domestic debt as compa...
ABSTRACT The Kenya government, in collaboration with other stakeholders involved in the provision of family planning services, have put in place various strategies and policies to increase uptake of family planning services. These are aimed at increasing contraceptive prevalence rate (CPR), reduction in both total fertility rate (TFR) and unmet need for family planning services. Despite the various strategies and policies, total fertility rate still remains high at 4.6 percent, while CPR and ...
ABSTRACT Public sector wage bill has been growing rapidly in Kenya. The wage bill as a proportion of recurrent expenditure averaged 63 per cent per year between 1993 and 2005 and 56 percent between 2006 and 2017. In addition, public sector wage bill as a percent of gross domestic product has been high averaging 11 per cent between 2006 and 2017. This is compared to seven per cent international benchmark and Kenya government’s target of eight per cent by 2017 and six per cent by 2020. The g...
ABSTRACT During the 1990' s the world experienced a new wave of regional integration agreements (RIAs) that reached unprecedented proportions. The increasing importance of regional integration agreements and in particular their extraordinary expansions during the 1990's are among the most salient developments of the international trading system and its believed to be a vehicle for the promotion of trade and economic growth. The main driver for increasing number of Regional Integrations Agree...
ABSTRACT The economic growth and taxes are very important aspects in the development of any economy. This research analyses the tax rate that optimize economic growth in Kenya. The specific objectives of the study were to: To establish the effect of tax rate on economic growth in Kenya and to determine the tax rate that maximizes economic growth. This study adopts the Scully model and a balanced budget approach that is revenue being equal to expenditure using time series data from the period...
ABSTRACT This study analyses the constraints to smallholder credit farm investment. The data for the study were collected in Majoge Chache Location, Kisii District. A total of 40 respondents were ' interviewed for a period extending from 17th of July to the 5th of August, 1995. A list of farmers in Majoge Chache Location who had borrowed funds for investment in coffee farms was obtained from the Loans Officer based at Ogembo Divisional Headquarters. Following the list, systematic sampling pr...