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PRIVATE INVESTMENT IN KENYA

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datacite.subject.fosSocial sciences::Economics and Business
dc.contributor.authorMusengele, Benedict Musili
dc.cosupervisorae25df66-39cd-406b-bfb4-1dad625b3267
dc.date.accessioned2024-11-25T09:25:22Z
dc.date.available2024-11-25T09:25:22Z
dc.date.issued2006-09-01
dc.descriptionAn MA Research Thesis Submitted to the Department of Economics in Partial Fulfilment of the Requirements for the Degree of Master of Arts in Economics
dc.description.abstractThis study has examined the effects of Government policy and Commodity price shocks on private investment in Kenya. Due to non-stationarity of the variables in the model and the existence of a cointegrating relation, an error correction mechanism was used. The estimated long-run results indicate that real GDP growth rate, real lending interest rate and export price index have significant influence on private investment in Kenya. In the short run however, real public infrastructural investment and real public non infrastructural investment, real GDP growth rate and real lending interest rate are significant factors in explaining private investment in Kenya. Political uncertainty through the political regime dummy has also been found to be significant. Given the positive impact of real public infrastructural and public non-infrastructural investment, the study suggests policies such as allocating public sector resources to capital accumulation and with respect to the negative effect of commodity price shocks, there is need to diversify the country’s production and export base. Since real lending interest rates have a significant positive effect, it is essential to maintain the financial liberalization status and in order to maintain the important link between GDP and private investment, there is need to expand the agricultural and industrial sectors. Political uncertainty being a major blow to private investment, the Government should set up proper mechanism to curb corruption among its officials, improve on governance and set proper measures and controls over top officials
dc.identifier.urihttps://dspace.unima.ac.mw/handle/123456789/338
dc.language.isoen
dc.schoolscentersoptions68287417-e22a-4659-8150-5ea772d621e4
dc.subjectPrice
dc.subjectGovernment policy
dc.subjectCommodity price shocks
dc.subjectPrivate investment
dc.subjectCorruption
dc.subjectPublic infrastructural investment
dc.subjectExport price shocks
dc.subjectExport base
dc.subjectGDP
dc.subjectFinancial liberalization
dc.subjectGDP growth rate
dc.subjectReal lending interest rate
dc.supervisor85c19679-aaa3-4661-9656-8ceb7bd8ae39
dc.titlePRIVATE INVESTMENT IN KENYA
dc.title.alternativeTHE EFFECTS OF GOVERNMENT POLICY AND COMMODITY PRICE SHOCKS.
dc.typetext::thesis::master thesis
dspace.entity.typePublication
oairecerif.author.affiliationUniversity of Malawi

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