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The Effect of Public Expenditure on Economic Growth in the East African Community

Journal of Business Management & Economics

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Title The Effect of Public Expenditure on Economic Growth in the East African Community
 
Creator Kwendo, Cynaida Miriam; KENYA SCHOOL OF MONETARY STUDIES
MUTURI, WILLY; JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY
 
Description ABSTRACTThis study intends to analyze the impact of public expenditure on economic growth in Kenya, Uganda, Rwanda, Burundi and Tanzania. The specific objectives of the study was to investigate the impact of government expenditure on components of consumption, health, defence and agriculture. Using panel data covering the period 1995-2010, the study applied the Hausman test  and verified results through the Fixed effects method. The findings were that agriculture and defence expenditure had a negative impact on economic growth while health and consumption expenditure had a positive impact on economic growth.  Based on the summary of these findings, recommendations were prescribed to aid in wise policy choices.Key words: Public expenditure, economic growth, agriculture, health, consumption and defence.  
 
Publisher Journal of Business Management & Economics
 
Contributor —
 
Date 2015-10-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://innovativejournal.in/jbme/index.php/jbme/article/view/151
10.15520/jbme.2015.vol3.iss10.151.pp09-13
 
Source Journal of Business Management & Economics; Vol 3, No 10 (2015); 09-13
2347-5471
10.15520/jbme.2015.vol3.iss10
 
Language eng
 
Relation http://innovativejournal.in/jbme/index.php/jbme/article/view/151/pdf_45
10.15520/jbme.2015.vol3.iss10.151.108