Freedom and Prosperity: The Impact of Political Rights and Civil Liberties on Economic Complexity
As governance and economic sophistication become increasingly interconnected, understanding their relationship is crucial for shaping national growth strategies. This study investigates the impact of political rights and civil liberties on Indonesia’s economic complexity from 2006 to 2021 by disaggregating the Economic Complexity Index (ECI) into trade, technology, and research components. Indonesia serves as an ideal case study due to its dynamic political landscape, evolving civil liberti...
Macroeconomic Determinants of Housing Supply in Kenya
Kenya is one of the developing countries trying to provide affordable and decent housing to its residents. Macroeconomic instability persists despite efforts, impeding housing supply from both government and real estate sectors.This study examines the macroeconomic factors influencing Kenya's housing supply from 1980 to 2024, using time-series data. The augmented Dickey-Fuller and Johansen cointegration tests are conducted, along with the Vector ErrorCorrection Model, to assess long run relat...
Determinants of Infrastructure Development in Kenya
Empirical research on the macroeconomic factors influencing infrastructure development has yielded inconclusive results, with significant variations observed across studies. This study examines the determinants of infrastructure development in Kenya using a time series data analysis framework, with data spanning from 2003 to 2024. The study’s main estimates use the generalized-method-of-moments (GMM) estimator that allows us to account for the potential endogeneity of the infrastructure and...
Corruption, democracy, and economic growth in Kenya
The relationship between corruption, democracy, and economic growth is complex andmultifaceted across empirical studies. Understanding this relationship is crucial for policymakers,researchers, and scholars alike as they seek to promote stable democracies and sustained economicdevelopment in middle-income countries. Kenya has long grappled with issues of corruption andchallenges to its democratic processes. These problems have significant implications forgovernance, economic growth, political...
The Effect of Macroeconomic Determinants on Public Health Expenditure in Kenya
Health spending remains a significant concern in low and middle-income countries due to limited financial resources allocated to the health sector. In Kenya, one of the key objectives of the government's Big Four development agenda, which is targeted for completion by 2022 and partially realized in some counties by 2023, is achieving universal health coverage. Over the years, health has remained a top priority and a focal point in political campaign agendas, with the government consistently i...
Climate change and income inequality in Sub-Saharan African countries
The potential for a feedback relationship between climate change and income inequality has become a concern in sub-Saharan African (SSA) countries due to its significant environmental and socio-economic impacts. This study aims to inform policymakers on ways to address inequality and climate resilience in the region simultaneously. It examines the relationship between climate change and income inequality in SSA countries, focusing on Kenya, Tanzania, and Uganda, by analyzing data from these t...
Effect of excise taxes on economic growth in Southeast Europe
The rapid increase in government expenditure in European member states has raised concerns among policymakers regarding the role of tax revenue generation and its impact on economic growth. The study aims to determine how excise duty revenue influences economic growth in Southeastern Europe (SEE), considering the dual roles of excise taxes in revenue collection and as regulatory tools. It examines how different excise duty policies relate to economic performance and regional integration. Alth...
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...
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Technical Unversity
January 2015 to Present