Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, intending to eliminate...

Macroeconomic convergence is critical for member states to achieve the level of harmonization required for establishing a stable and resilient monetary union. The East African Community (EAC) member states, therefore, established set targets for macroeconomic convergence, in-tending to eliminate...

This study, assuming a balanced budget, attempts to estimate the optimal size of devolved government expenditure in 47 Kenyan counties using the panel ARDL regression and Scully (2008) model for the period 2014-2018. The estimation model examined Armey’s idea of a quadratic curve that explains...

This study examines the link between government expenditure and regional economic growth, over the period 2013 to 2017. Gross County Product per capita growth is used as indicator of regional economic growth. This study used Error Correction Model and Engle and Granger framework two step...

This study, assuming a balanced budget, attempts to estimate the optimal devolved government size in Kenya using the panel ARDL regression and Scully (2008) model for the period 2013-2017. The optimal devolved government size is determined to be around 9.7 percent of the GCP (Gross County...

Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this...

With a plunge in national savings due to external economic shocks, among them the financial crisis and COVID-19-related macroeconomic costs, this study investigates to what extent inflation explains the variation in the saving culture in Kenya. Available empirical works have been conducted...

In the wake of the steep fall in the national savings due to economic shocks, among them the COVID-19 pandemic macroeconomic consequences, this study examines to what extent inflation explains the variation in the saving behavior in developing countries. Most past empirical studies investigated...