Mukui, Gideon and Awiti, Japheth and Onjala, Joseph (2023) The Effect of Public Investment on Private Investment in Kenya. Journal of Economics, Management and Trade, 29 (9). pp. 53-63. ISSN 2456-9216
Mukui2992022JEMT91955.pdf - Published Version
Download (1MB)
Abstract
Public investment largely influences the socio-economic development of a country despite inefficiency concerns. A strong private sector is poised to cause GDP growth due to the efficient management of the resources compared to an economy dominated by the public sector. Nevertheless, public spending pattern influences socio-economic economic activities and welfare dynamics of a country. However, high levels of government activities could crowd-out private investment due to the competition for the scarce financial resources in the economy. This paper sought to analyze the effect of public investment on private investment in Kenya using a vector error correction model. The findings showed a strong positive impact of public investment on private investment in Kenya.
Item Type: | Article |
---|---|
Subjects: | Universal Eprints > Social Sciences and Humanities |
Depositing User: | Managing Editor |
Date Deposited: | 19 Sep 2023 12:37 |
Last Modified: | 19 Sep 2023 12:37 |
URI: | http://journal.article2publish.com/id/eprint/2448 |