Can consumer debt burden adequately explain slowdowns in Kenya’s economic growth?
| dc.contributor.author | Otieno, Rickyjesse Daudi Omino | |
| dc.date.accessioned | 2022-01-31T15:36:04Z | |
| dc.date.available | 2022-01-31T15:36:04Z | |
| dc.date.issued | 2021 | |
| dc.description | Submitted in partial fulfilment of the requirements for the Degree of Bachelor of Business Science in Financial Economics | en_US |
| dc.description.abstract | This 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.identifier.uri | http://hdl.handle.net/11071/12536 | |
| dc.language.iso | en | en_US |
| dc.publisher | Strathmore University | en_US |
| dc.title | Can consumer debt burden adequately explain slowdowns in Kenya’s economic growth? | en_US |
| dc.type | undergraduate project | en_US |
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