The Intervening Influence of Economic Growth on Fiscal Policy Stance and Public Expenditure in Kenya
This paper investigates the intervening influence of economic growth on the relationship between fiscal policy stance and public expenditure in Kenya from 1964 to 2015 using a Vector Error Correction Model. The results indicate that economic growth…
This study looks at the transmission of international prices to the Kenyan economy in 2007-2008 with a focus on food and oil prices. The degree of price transmission between spatial markets signifies the level of integration of such markets. The…
Food and crude oil products constitute 60 per cent of commodities used to measure the consumer price index and Kenya is a net importer of both. However, there is very little hard information about the actual effects of the global price shocks of…
The economies of southern Africa all face significant development challenges, not helped by the fact that many of these countries are ill-prepared for the demands of the rapidly advancing digital era. Given its heterogeneous membership and therefore…