Effect of corruption on social welfare issues in the Kenyan economy
Date
2021
Authors
Kinyanjui, Lucy Wanjiku
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Corruption has become widespread especially in developing countries and has affected their
economies and growth. Due to high corruption rates in Kenya, it has put off foreign investors
as well as foreign aid. Corruption in Kenya has become an epidemic that is slowly killing the
country's economy and its biggest consequence is the cost. This article tries to address an
important question whether there is a relationship between corruption and social welfare
issues. After running diagnostic checks like test for autocorrelation and test for
heteroskedasticity then a regression analysis it was concluded that life expectancy, education,
and income per capita have a negative relationship with corruption but education variable
substantially affected by corruption and there is no significant effect of Corruption Perception
Index (CPI) on Human Development Index
Description
Submitted in partial fulfilment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore University