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...
