Impact of Tax Revenue and Government Expenditure on Public Debt in Eastern Europe
This paper scrutinizes whether government borrowing in Eastern Europe is grounded on the need to provide infrastructure and public amenities as provided in the budget or is triggered by government deficit budgeting. European Union countries have experienced accelerated growth in public debt in the last half a century despite growing tax revenue and cuts in public spending. The purpose of this paper is to investigate the direct and indirect links among public debt, tax revenue and government e...
Economic Growth and Carbon Emissions: A Comparative Study between Kenya and South Africa
This study is a comparative analysis of Kenya and South Africa, the largest economies in Eastern and Southern Africa respectively, based on gross domestic product (GDP), energy use and carbon emissions. This study investigates the contribution of economic growth and renewable energy use on greenhouse carbon dioxide emissions in both country-level and group data, to observe their possible impact on environmental pollution. The present study addresses United Nations Sustainable Development Goal...
An Empirical Analysis of Public Debt Sustainability in Kenya
The study provides a focused analysis of Kenya’s determinants of debt sustainability owing to its consistent budget deficits and higher debt servicing costs. Unlike broader studies, this research focuses on Kenya's unique economic conditions and talks about the consequences of unchecked debt servicing payment failures in Kenya that could undo macroeconomic progress if unchecked. The study deploys a single equitation regression analysis followed by a series of robustness checks and a genera...
Determinants of Income Inequality in East Africa: The Role of Gendered Foreign Aid
This manuscript investigates the impact of gender-focused foreign aid on income inequality in East Africa, a topic with limited existing research. This research adds value by providing practical recommendations for policymakers to enhance the effectiveness of aid programs in fostering economic equity through targeted interventions. Using the Generalized Method of Moments (GMM) on panel data from three East African countries for over a decade provides robust evidence that gender-sensitive aid...
Public and private investments and economic growth in Ghana and Kenya
A general conception is that investment induces economic growth, but there is still debate over which type of investment contributes more to economic growth. The disaggregation of investment into public and private components allows estimation of the impact of the two types of investments on economic growth. This research, therefore, empirically estimates the relationship between each investment component against economic growth by constructing panel data for Ghana and Kenya from 1991 to 202...
Decoupling Economic Growth and Carbon Footprint: An Empirical Analysis of Ghana's Export Sector, Manufacturing, and Renewable Energy Adoption
The prospect of decoupling economic development from CO2 emissions in Ghana is examined in this paper, with an emphasis on the manufacturing, export, and adoption of renewable energy sectors. The paper investigates the long-term and short-term correlations among CO2 emissions, renewable energy consumption (RNE), population growth (POP), manufacturing value-added (MVA), Economic growth (GDP), and exports (EXP) using an Autoregressive Distributed Lag (ARDL) bounds testing method using tim...
Taxation and Capital Flight: Role of Corruption Control
This study adopted an endogenous model to analyze the potential role of corruption control in the impact of taxation on capital flight in East African countries. The study used the generalized method of moments (GMM) with panel data from 2009 to 2022 to estimate the study regression model. The estimation results show that taxation and corruption control have positive and direct impact on capital flight. While, the interaction between taxation and corruption control have a negative and indirec...
Economic Growth and Female Participation in the Labour Market: Gender Disaggregated Data
The study aims to examine the impact of economic growth on female labour market participation in Kenya with data spanning between 1991 and 2022. Labour-force data disaggregated by gender are important to monitor the dynamic of gender inequalities in the labour market. The secondary data used to construct the time series was obtained from the World Bank and the International Labour Organization sources. The research was informed by the Feminisation U hypothesis, which describes the tendency of...
Government Expenditure and Economic Growth: Does Corruption and Democracy Matter?
This study investigated the potential role of corruption and democracy in the expenditure-economic growth nexus. Economic literature predicts economic growth-enhancing activities of various core functions of government. However, excess government expenditure, in corrupt and undemocratic countries, may slow down the overall performance of the economy through rent-seeking activities, ineffectiveness and engaging in unproductive projects. The research objective is to analyze the role of democrac...
Do Private Transfers and Foreign Direct Investment Crowd out Official Transfers in Ghana?
The study analyzes the relationship between private transfers, foreign direct investment (FDI) and official transfers in Ghana. The research relies on the quarterly frequency time series data from the Ghana Statistical Service for the period 2003-2022. Phillips-Perron (PP) test and the Engle-Granger approach were used to investigate the properties of the data concerning unit roots and cointegration respectively. The ordinary least squares (OLS) regression technique and Granger causality test ...
Drivers of Carbon Emissions in Kenya: The Perspective of Technology
The empirical studies have portrayed from a different perspective that technology, foreign direct investment (FDI), and economic growth have diverse outcomes on carbon dioxide (CO2) emissions. African economies specifically Kenya are currently threatened with more CO2 emissions for which proper strategies need to be adopted to reduce and mitigate this situation. To address this issue, the Autoregressive Distributed Lag (ARDL) technique was utilized, differentiating between the long-term and s...
Effect of Mobile Money on Money Demand in Kenya: Time Series Regression Analysis
The unprecedented growth of mobile phones to make transactions has become a dependable form of payment for low-income earners living in rural and urban Kenya, increasing demand for goods and services and stimulating demand for money. However, its effect on money demand and subsequent effect on monetary policy is inconclusive as observed from past empirical studies. Furthermore, the rapid adoption of mobile money has generated new data needs and growing interest in understanding its contributi...
Foreign Direct Investment and Economic Growth in Kenya: A Comprehensive Analysis
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...
Analysis of County Government Expenditure and County Economic Growth in Kenya
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 ...
Effect of government expenditure on economic growth in East Africa A disaggregated model
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, ...
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Technical Unversity
January 2015 to Present