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The effect of fiscal decentralization on economic growth has majorly been investigated in developed countries in comparison to sub-Saharan countries. This study will focus on sub-Saharan state and specifically Kenya's 47 county governments created by the new constitution, to determine how fiscal...
Persistent link: https://www.econbiz.de/10014264329
From past empirical works, the role of expenditure on economic growth appears to provide inconclusive results. Despite this uncertainty, public finance theory suggests that expenditure induce growth. In Kenya, economic growth has been fluctuating despite the devolved expenditure increasing over...
Persistent link: https://www.econbiz.de/10014264690
The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa from 1980-2010. Using balanced panel fixed effect model, government expenditure was disaggregated to scrutinize its effect of growth. The study tested for panel unit...
Persistent link: https://www.econbiz.de/10014264917
The empirical debate on the role of road transport infrastructure on domestic economic growth is inconclusive and is characterized by two main opposing views: the road-led economic growth hypothesis and the distorting effect of infrastructure growth hypothesis. The objective of this paper is to...
Persistent link: https://www.econbiz.de/10014241863
Limited empirical studies have disaggregated the government spending into infrastructure and consumption expenditures in this thematic area. More so, Kenya has witnessed a tremendous increase in spending on infrastructural projects such as highways, road, ports, fiber optic, standard gauge...
Persistent link: https://www.econbiz.de/10014241875
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...
Persistent link: https://www.econbiz.de/10015077011
Persistent link: https://www.econbiz.de/10014451775