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dc.contributor.authorOtieno, Rickyjesse Daudi Omino
dc.date.accessioned2022-01-31T15:36:04Z
dc.date.available2022-01-31T15:36:04Z
dc.date.issued2021
dc.identifier.urihttp://hdl.handle.net/11071/12536
dc.descriptionSubmitted in partial fulfilment of the requirements for the Degree of Bachelor of Business Science in Financial Economicsen_US
dc.description.abstractThis study set to examine the relationship between consumer debt burden and economic growth. The prior specification was that consumer debt burden causes a slowdown in economic growth. The analysis makes use of Kenyan time series data from 1970 to 2019. Analysis of the data was done by means of a Vector Error Correction Model (VECM) and tested how consumer debt burden explains economic growth through a third variable (consumption & agriculture) which are the main drivers of Kenya's economy and also included a control variable; net exports. The results indicate a negative causal relationship between consumer debt burden and economic growth which means that rises in consumer debt burden cause economic slowdowns.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleCan consumer debt burden adequately explain slowdowns in Kenya’s economic growth?en_US
dc.typeundergraduate projecten_US


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