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...

With a steep fall in the national savings rate in developing economies attributed to external shocks and stagnation of economic growth, this study will investigate the key drivers that explain variations in the public savings rate in Kenya using time series data spanning from 1975 to 2020....