Public Debt And Economic Growth In Kenya

ABSTRACT Public debt remains one of the most critical elements of economic development especially in developing countries. This study focuses on the public debt in Kenya and its effect on economic growth. Most developing countries will expect that public debt will affect the economic growth positively. Thus the resources from public debt should be used to finance government expenditures which will spur economic growth of the country. There is a considerable increase in domestic debt as compared to external debt raising concerns on its effects on investments in Kenya. However, the empirical st…