Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this...

In the wake of the steep fall in the national savings due to economic shocks, among them the COVID-19 pandemic macroeconomic consequences, this study examines to what extent inflation explains the variation in the saving behavior in developing countries. Most past empirical studies investigated...

In the wake of a slump in gross savings due to macroeconomic shocks, among them the COVID-19 pandemic costs, this study examines to what extent inflation explains the variation in the saving culture in developing countries. Most past empirical studies investigated the role of inflation on...

The empirical debate on the role of international tourism on local economic growth is inconclusive and is characterized by two main opposing views: the Tourism-led economic growth hypothesis and the Economy-driven tourism growth hypothesis. The objective of the study was to establish the role of...

This article empirically examines the fiscal policy elements affecting economic growth in 27 European countries and Switzerland (Without the United Kingdom). The research objective is to estimate the impact of macroeconomic variables such as tax revenue, government expenditure and public debt on...

With a plunge in national savings due to external economic shocks, among them the financial crisis and COVID-19-related macroeconomic costs, this study investigates to what extent inflation explains the variation in the saving culture in Kenya. Available empirical works have been conducted...

There are hosts of macroeconomic dynamics contributing to financial inclusion in developing countries. These sources may be both from the demand side and supply side. The government and financial institutions takes several policy initiatives to encourage the supply of financial services to the...

This study examines the effect of fiscal decentralization, in the form of shifting responsibilities of tax revenues, expenditure and planning from the central government to lower local governments, as well as rapidly rising income, on energy consumption for 47 Kenyan counties over the period...

The empirical debate on the role of international tourism on local economic growth is inconclusive and is characterized by two main opposing views: the Tourism-led economic growth hypothesis and the Economy-driven tourism growth hypothesis. The objective of the study was to establish the role of...

The empirical debate on the role of road transport infrastructure on domestic economic growth is inconclusive and is characterized by two main opposing views: the road-led economic growth hypothesis and the distorting effect of infrastructure growth hypothesis. The objective of this paper is to...