ABSTRACT A great deal of literature from a number of studies established that stable financial system offers risk diversification and efficient capital allocation that leads to economic growth of a country and also the economic expansions caused by harnessing FDI as a source of external financing equally leads to economic growth. However, finance literature records that moderate and low rate of inflation positively affects growth of the economy but high and accelerating rate of inflation jeo...
ABSTRACT It is widely agreed among economists, policy makers and central bankers that all macroeconomic policies seek to attain high levels of economic growth coupled with very low rates of inflation. High inflation rates have resulted to a number of adverse effects on the economic growth of many countries over time. But how low should the inflation rate be so as not to affect economic growth negatively? Economic policymakers in Kenya have been working towards the attainment of a 5 percent r...
Abstract The title of this study is Foreign Aid and Economic Growth in Uganda (2000 to 2010). Its objectives were; to establish the trend of Foreign Aid in Uganda (2000-2010), to establish the trend of GDP growth of Uganda (2000-2010), to investigate the relationship between Foreign Aid and GDP growth in Uganda (2000-2010), the hypothesis of the study was there is no relationship between Foreign Aids and GDP growth in Uganda. Analysis such as Correlation, regression analysis mechanisms ...
This study investigated the effect of international tourism development on economic growth inZimbabwe, using time series data spanning over the period 1980 to 2017. The main aim of thestudy was to examine whether international tourism is a pathway to economic recovery inZimbabwe. The study adopted the tourism growth model proposed by Balaguer and Cantavella-Jorda [1] and applied the Autoregressive Distributed Lag (ARDL) bounds testing approach and itsassociated Error Correction Model (ECM). T...
ABSTRACT The purpose of the study was to establish the Effect of population growth rate on Economic growth. The study adopted a cross sectional design which was quantitative and qualitative in nature. It involved descriptive and analytical research designs. The data was tested for reliability, analyzed using statistical package were presented basing on the study objectives. The results revealed a significant negative Effect of population on Economic growth. This means that high levels of popu...
ABSTRACT The study is focused on Foreign Direct Investment and economic growth (measured by GDP) in Uganda (2002-2011), the study employed time series survey data since it examined data for a short time Its objectives were; to establish the trend of Foreign Direct Investment in Uganda (2002-2011, to establish the trend of Economic growth of Uganda ((2002-2011), and to investigate the relationship between Foreign Direct Investment and Economic growth in Uganda (2002-2011). The hypothesis of th...
ABSTRACT The study is focused on Foreign Direct Investment and economic growth (measured by GDP) in Uganda (2002-2011), the study employed time series survey data since it examined data for a short time Its objectives were; to establish the trend of Foreign Direct Investment in Uganda (2002-2011, to establish the trend of Economic growth of Uganda ((2002-2011), and to investigate the relationship between Foreign Direct Investment and Economic growth in Uganda (2002-2011). The hypothesis of th...
ABSTRACT This research report set out to investigate the relationship between Population and economic ;rowth (measured by GDP) in Uganda (1994-2012). The study employed time series survey data 3ince examined data for a short time. Its objectives were; to establish the trend of Population in Uganda (1994-2012), to establish the trend of GDP growth of Uganda (1994-2012), to Lnvestigate the relationship between Population and GDP growth in Uganda (1994-2012). The aypothesis of the study was...
ABSTRACT The rapid growth in government expenditure in Kenya has caused concern among policy makers on the implication of such growth. Over the three decades, government expenditure in the country grew at a faster rate than the growth rate of GDP. Given this fiscal scenario, an explanation of this requires studying the impact of government expenditure on economic growth. The specific objectives of the study were to: investigate the relationship between the components of government expenditure...
ABSTRACT The study investigates the effect of public debt on economic growth in Kenya, between 1980-2013.The choices of period was guided by data availability and escalation of Kenya’s public debt. The main problem is that, Kenya government has been relying heavily on public debt, aid and grants as a source of finance. This has resulted to a buildup of the level of public debt stock which has led to funds being diverted to debt servicing at the expense of economic development and domestic c...
Kenya is currently implementing the Second Medium Term Plan of Vision 2030. Growth objectives underpinning the Vision 2030 required the rate of growth of the economy to have risen from 6.1% achieved in the year 2006 to 10% in the year 2012. However, the economy recorded only 4.5% and 5.7% growth in the year 2012 and the year 2013 respectively. Even so, the government has continually spent substantial amounts of money annually to finance key Sectors in implementing Vision 2030 flagship pr...
ABSTRACT The Kenya Vision 2030 aims at achieving a 10 percent per annum growth rate in the economy. Investments have been identified as a major channel through which this objective can be met. The government has undertaken various public investments to fuel economic growth. However, for this to be even more effective, private investments have to be taken into consideration. The government has taken various measures such as relying more on external debt to avoid crowding out private investmen...
ABSTRACT The Kenyan economy is predominantly informal. The informal sector employed 132,100 workers in 1974; and 13,442,200 workers in 2016, which translate to 19 percent and 84 percent of the total work force in the respective time periods. The government has from 1986 put in place policy measures to develop the sector for employment creation, economic growth, and poverty alleviation. Among the country‟s Big Four Agenda as contained in the Medium Term Plan (2018-2022), is the development o...
ABSTRACT Public debt in Kenya has consistently risen overtime, with larger portion being debt from external sources. Both positive and negative effects of debt have been experienced in Kenya since independence. In the last one decade external debt has been rising sharply relative to economic growth of the country, which seems to be stagnant overtime. Additionally, the country has been reporting several cases of corruption and mismanagement of public revenue at different levels of public and ...
ABSTRACT Agricultural activities contribute about 33% of the East African Community‟s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC suffer from hunger. Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investiga...