Abstract Tourism is a vital sector of Kenya’s economy by contributing to employment, alleviation of poverty, Gross Domestic Product (GDP), foreign exchange earnings, and balance of payments surplus. Tourism is a productive economic activity that needs a stable macroeconomic environment in terms of budgetary resource allocation for sustainable and continued growth. Thus, this study sought to establish the effect of government capital expenditure on tourism sector growth in Kenya. The study ...
Abstract Purpose: Strategic direction setting is a critical leadership practice to be adopted by organizations that intend to attain good performance. This study sought to examine the influence of strategic direction on Sacco performance. Design/Methodology: The study utilized descriptive and correlational research design. The study was conducted in SACCOs in Kenya. Primary data was collected using a close ended questionnaire from SACCOs senior managers and CEOs were also interviewed. For da...
Abstract With the drive for enhanced financial inclusion of the population through encouraging savings and investments in a bid to spur economic growth and attain the Sustainable Development Goals (SDGs), the critical role played by Savings and Credit Cooperative Societies (SACCOs) in developing countries in this endeavor cannot be gainsaid. It is worth noting that the extent to which such entities will contribute to economic development depends on the leadership paradigm utilized in guiding...
Abstract With the drive for enhanced financial inclusion of the population through encouraging savings and investments in a bid to spur economic growth and attain the Sustainable Development Goals (SDGs), the critical role played by Savings and Credit Cooperative Societies (SACCOs) in developing countries in this endeavor cannot be gainsaid. It is worth noting that the extent to which such entities will contribute to economic development depends on the leadership paradigm utilized in guiding...
Abstract Despite the fact that the National Police Service (NPS) is mandated to protect the lives and properties of the people as stipulated in the Kenyan constitution, it continues to face unprecedented pressure to improve its services to the public. Despite several changes being witnessed in the recent past, including annual recruitment of personnel, increased recruit training duration, acquisition of sophisticated weapons, advancement in technology, and most recently the merger of KPS and...
Abstract Adequate supplier evaluations reduce the cost of projects. Therefore, inadequate supplier monitoring can lead to high costs, non-performance risks, and poor quality of the deliverables. The study examined the influence of supplier evaluation management practices on the supply chain performance of selected Kenyan county governments in Nyanza Region. The study used a number of methods, first utilising a descriptive and correlational research design. The study targeted 112 staff in the...
Abstract The study focused on the effect of pre-contracting procurement practices on the supply chain performance of road authorities in Kakamega County, Kenya. Implementing and adopting the procurement Contracting practices in public institutions have continuously faced challenges due to their complexity and lack of resources, which directly impact supply chain performance. Institutions are operating in a competitive business environment with many players, and massive changes are taking pla...
Abstract Attainment of education related millennium development goals in Kenya is largely hinged on availability and appropriate use of financial resources to acquire supportive inputs to the education process. Two years away from the deadline, the promise of Education for All (EFA) is still a challenge that stands out among the disadvantaged poor populations who cannot finance their own education. Even when they start school, they have to drop out due to push out factors related to costs of...
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...
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...
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 ...
Abstract: The study tests the effect of macroeconomic variables on economic growth, establishes the key drivers of economic growth and the casual relationship between economic growth and macroeconomic variables. Annual macroeconomic data was used for the period 1975-2012. The study employed the Vector error correction model and Vector Autoregression techniques. Findings suggest that Foreign Direct Investment (FDI) and inflation had a positive effect on economic growth, the key drivers of eco...
Abstract: The study investigates whether policies, both regional and country-specific, should mainly focus on accelerating economic growth in the region to reduce youth unemployment in the SADC region. In this endeavour, the study is based on Okun’s law which prescribes that unemployment rates should generally begin to fall when economic growth rates rise above the economy’s potential. The study uses panel data for selected SADC countries whose annual youth unemployment rate is above the...
Abstract: Zimbabwe experienced hyperinflation (2000-2008) followed by dollarization from 2009 onwards which had implications on dividend policy. In this context, this study isolates the main determinants and examines their behaviour across the distribution of dividend policy. The study employs quantile regression analysis and a sample of 30 firms listed on the Zimbabwe Stock Exchange (ZSE), covering the period 2000 to 2016. The fixed effects (FE) analysis is applied as a base model. The m...
Abstract: Most of the knowledge-based economies (KBEs) operate in a neoclassical economic model that does not recognize the importance of natural resources and sustainability beyond the market forces. In contrast, KBEs that rely on endogenous factors harmonize with the enlightened anthropocentrism for sustainable development with scientific and technical abilities to design the ecological system for infusing human values into nature. For example, the Quintuple Helix Model of Innovation. In t...