The need for infrastructure development in Kenya was initiated in the early years of economic planning. For instance, the Sessional Paper No. 10 of 1965 among other strategic objectives provided a premise for infrastructure development to fuel rapid industrialization and make Kenya a market economy. Emphases have since been made in the… Continue Reading
This study sought to provide empirical evidence on technical efficiency levels and trend of the Kenya Agro-processing industry. The major problem of the agro-processing industry is that it has been inefficient in terms of value addition to the agricultural produce and Kenya is known to be a net exporter of raw agricultural produce instead… Continue Reading
Persistent current account deficit is a chronic problem in many developing countries including Kenya. In an attempt to understand disequilibria dynamics in Kenya, this study sought to investigate the effect of real exchange on current account balance and additionally investigate whether the rate of import growth in Kenya is consistent to… Continue Reading
In developing countries, attainment of economic growth depends upon physical capital, in addition to other factors of production. Growth in physical capital entails investment in capital goods which help in the production of other goods and services. The concern in this study was to investigate the determinants of investment in the… Continue Reading
This study analyses the constraints to smallholder credit farm investment. The data for the study were collected in Majoge Chache Location, Kisii District. A total of 40 respondents were ' interviewed for a period extending from 17th of July to the 5th of August, 1995. A list of farmers in Majoge Chache Location who had borrowed funds… Continue Reading
The economic growth and taxes are very important aspects in the development of any economy. This research analyses the tax rate that optimize economic growth in Kenya. The specific objectives of the study were to: To establish the effect of tax rate on economic growth in Kenya and to determine the tax rate that maximizes economic growth.… Continue Reading
During the 1990' s the world experienced a new wave of regional integration agreements (RIAs) that reached unprecedented proportions. The increasing importance of regional integration agreements and in particular their extraordinary expansions during the 1990's are among the most salient developments of the international trading system… Continue Reading
Public sector wage bill has been growing rapidly in Kenya. The wage bill as a proportion of recurrent expenditure averaged 63 per cent per year between 1993 and 2005 and 56 percent between 2006 and 2017. In addition, public sector wage bill as a percent of gross domestic product has been high averaging 11 per cent between 2006 and 2017.… Continue Reading
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… Continue Reading
Growing of Jatropha curcas has been received with mixed feelings in Kenya. The plant has tremendous potential to be Africa's most excellent bio-fuel feedstock. However, there have been concerns that the plant is not commercially viable and that it negatively affects food production and security. The lack of factual information coupled… Continue Reading
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… Continue Reading
Kenya has witnessed increased financial integration following capital liberalization in the late 1980s which led to increased foreign private capital flows. Financial integration is considered to complement domestic investment, enhance economic growth and reduce macroeconomic volatility by promoting credit and risk diversification.… Continue Reading
Measurement of efficiency levels of transport helps in identifying opportunities that enhance the public transport performance. This will facilitate effective and efficient management of fleets that provide public road transport and planning for interventions incase the sector needs improvement. Public transport sector is a key social… Continue Reading
Government expenditure is a key component for guaranteeing a nation assigns and spend budgetary resources to accomplish a robust economic performance. However, the achievement of macroeconomic objectives, from time immemorial, has been a policy priority of every economy whether developed or developing. However, government expenditure… Continue Reading
External financing is necessary for many low-income countries to achieve their development objective. External borrowing compliments savings and permits an economy to carry out investment activities. It is expected to provide financing necessary for investment in infrastructure and productive economic activities thus contributing to… Continue Reading
Access to better health care services is a primary need to every individual in the world and rightfully Kenya. A healthy nation plays a significant position in strengthening growth and development. However, presence of horizontal inequity in utilization of healthcare services hinders these. The project’s main purpose was to estimate the … Continue Reading
Maize is a staple food and its adequacy is a measure of food security in Busia County and across Kenya. Despite myriad efforts to increase its yield, the national level has remained low at 1.6 tons/ha relative to world average of 5.5 tons/ha and Busia County experiences much lower yield of 1.2 tons/ha. This low yield in the county coupled… Continue Reading
Determination and compensation of wages are concepts whose determinants may not necessarily be the same. Different sectors have a stipulated system of pay whereby workers are paid depending on their ranks or job grades, while others use individual characteristics such as education level, sex and work experience. In Kenya, minimum wage… Continue Reading
A constant current account imbalance in many developing nations has energized impressive enthusiasm among economists and policy makers trying to have a reasonable comprehension of the significance of current account balance. Kenya has experienced persistent current account imbalance that has remained underneath the threshold that… Continue Reading
Current account is one of the components in the Balance of Payment of a country. It covers all the transactions that involve the real sources (goods, services, income).It comprises the international balances of transactions in trade of goods and services, factor income and current transfers. Current account balance is significant because… Continue Reading
Given the increasing freshwater scarcity, the performance of irrigation is critical in increasing and sustaining agricultural productivity in the water-scarce and largely arid and semi-arid Kenya. Irrigation currently accounts for most of the water withdrawals in the country, and the required improvement in the performance of irrigation… Continue Reading
Financial literacy enhances effective use of financial services, promotes technical progress, promotes economic growth and development and aids in poverty reduction. However, Fin Access survey data shows that 17 per cent of Kenyans are financially excluded as in 2016 while enrolment in primary, secondary, and post-secondary between 2000 and 2016… Continue Reading
Micro and small enterprises are pivotal to the Kenyan economy through employment creation, provision of goods and services, fostering innovation and enhancing competition. Research has however shown that most of these enterprises experience stagnated growth with 46 percent closing business within the first year of their operation. Key among the… Continue Reading
Education creates a platform upon which economic, social and political prosperity of any nation is founded. Investment in education can help bring about economic growth, improve productivity, contribute to social and national development and lead to reduction in social inequality. This study was therefore to affirm the above sentiments by… Continue Reading
Achieving a high and stable economic growth is one of the main objectives of any state but oil price fluctuations and its impact on inflation, exchange rate and on other macroeconomic variables may cause difficulties in attaining this goal. This study investigated empirically the channels through which oil price shocks affect economic activity in… Continue Reading