The study investigates the relationship between foreign direct investment (FDI) and economic growth in Kenya through comprehensive regression analysis and causality tests. Theoretical literature argues that FDI inflow can transfer great advantages to the host country, however, empirical studies show that the benefits of FDI vary greatly across countries. Kenya has traditionally been one of the largest recipients of FDI in Africa, foreign investors provide intangible assets to support the oper...
The modern devolution development across the globe has been in part driven by assertions of a supposed ‘economic dividend’linked with the devolved expenditure. There is however, little empirical evidence to validate these assertions in Kenya. Most empirical studies across different countries have used different methods of analysis, different time periods and diverse techniques of measuring variable which have generated mixed conclusions and others are inconclusive. More so, in Kenya ...
The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies on the association between government expenditure and economic growth show conflicting results and mainlyfocus on developed economies. Hence this study focused on both the functional and composition of public spending of the East African countries over the period from 1980 to 2010, with a particular focus on sectoral expenditures: Education, ...
Abstract This report is a socioeconomic study of multi-towns Water treatment system project in Afar Regional State. It is prepared by Bright Research Consultants outsourced from Beles engineering. The project proponent is Afar National Regional State Water and Energy Bureau. The project lies along the program target towns of Samara, Logia, Dubti, Aysaita, Dichot, Det Bahari and Galafi towns. These towns are located in one of the five zones of Afar region known as Awsi Rasu Zone ( Zone 1). Al...
Recently most nations have been experiencing reduced gross savings due to external shocks, among them the financial crisis and coronavirus disease-related macroeconomic costs, this study investigates the role of the inflation rate in explaining the variation in the saving behaviour in Kenya. Available empirical works have been conducted mostly in advanced economies and hence are difficult to generalize for developing countries considering differences in macro economic conditions. Therefore, t...
Tremendous changes have been witnessed in the developing countries' macroeconomic landscape over the past few decades. For instance, several forms of financial innovations have been witnessed in the sub-Saharan African region over the past decades. These changes can shift various parameters of the money demand model and function. However, few empirical studies have been carried out in this scope in East Africa. It is against this backdrop that this study will employ the panel estimation techn...
This article reviews empirical literature on the relationship between health and economic growth across different geographical jurisdictions in Ghana.
The main objective of the study was to estimate the responsiveness of tobacco supply to change in prices in Zimbabwe. Historical time series data from 1980 to 2015 and the OLS approach were used in order to achieve the stated objective. The study followed the adapted ARDL Nerlove (1958) logarithmic supply response model also used by Leaver (2004). All variables except for short-run technological improvements and sales quotas were found to be statistically significant. Supply of tobacco in Zim...
With a steep fall in the national savings rate in developing economies attributed to external shocks and stagnation of economic growth, this study will investigate the key drivers that explain variations in the public savings rate in Kenya using time series data spanning from 1975 to 2020. Available published economic literature has only investigated the determinants of savings in industrialized economies while ignoring low-income countries. To estimate the main determinants of national savin...
The empirical debate on the role of international tourism on local economic growth isinconclusive and is characterized by two main opposing views: the Tourism-led economicgrowth hypothesis and the Economy-driven tourism growth hypothesis. The objective ofthe study was to establish the role of tourism development on economic growth using timeseries secondary data from Zimbabwe. Empirically, the study develops a tourism-growthmodel that is an extension of Solow (1956) neoclassical growth functi...
ABSTRACT This study aimed at investigating regional differentials in Nigeria, and therefore achieved this through two objectives; First to determine the poverty levels of regions and then to ascertain the determinants of regional poverty. This study was motivated by the regional inequalities that exist in Nigeria, wherein one of the major macro-economic objectives is to ensure equitable distribution of National resources. The study employed the 2009 National House hold survey with the use o...
ABSTRACT Most developing countries strive to attract foreign aid because of its anticipated efficacy in fostering economic development in recipient countries. This study examines the impact of foreign aid on savings in Nigeria, using a two step approach of Engle-Granger procedure in a co-integration analysis. The study uses time series on a number of macroeconomic variables, spanning for the period 1970-2009. Secondary data were sourced from Central Bank of Nigeria (CBN) statistical bulleti...
ABSTRACT This work, in trying to ascertain some of the major macroeconomic factors that would drive the nation’s economic growth, examined the causal relationship among all share index (ASI), nominal exchange rate, foreign direct investment, oil exports and GDP using quarterly data spanning from 1985Q1 to 2014Q4. In a bid to determine if long-run relationships existed among the variables, the Johansen cointegration approach was used after subjecting the series to the Augmented Dickey Fulle...
The study examined the impact of non-renewable energy on economic growth in Nigeria. Specifically, the study sought to: investigate the impact of coal energy on economic growth in Nigeria; examine the impact of natural gas energy on economic growth in Nigeria and determine the impact of petroleum/crude oil energy on economic growth in Nigeria. This study made use of ex post-facto research design. These variables of the study consist of economic growth (RGDP); natural gas energy (GAS), petrole...
Abstract The study examined the impact of non-renewable energy on economic growth in Nigeria. Specifically, the study sought to: investigate the impact of coal energy on economic growth in Nigeria; examine the impact of natural gas energy on economic growth in Nigeria and determine the impact of petroleum/crude oil energy on economic growth in Niger...