Income Repatriation And Its Relationship To Foreign Direct Investment And Economic Growth In Kenya

ABSTRACT Developing countries have invested heavily in pursing policies and strategies to attract foreign direct investments to augment the existing capital stock. These efforts have seen a substantial increase in the flow of foreign direct investments to developing countries. For the last two decades foreign direct investments inflows in Kenya have risen substantially but the effect of the rising inflows on economic growth has not been felt. The growth in foreign direct investments inflows has been coupled with an upsurge in income repatriation, as foreign investors repatriate earnings and i…