Do fiscal transfers foster regional economic growth?

Artikel

Fiscal transfer development across the world today has been in part driven by assertions of a supposed 'economic dividend' linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long -run and error correction estimates of the model were generated. The findings revealed that increased fiscal transfer in recurrent budgets accelerates regional growth, hence confirming the Keynesian hypothesis. Conversely, fiscal transfer in capital expenditure was insignificant. This study recommends the need for policymakers to put in place policies and strategies that will improve budget allocation and execution in capital budgets so as to improve physical infrastructure and thus boost private productivity and consequently regional income growth.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Financial Internet Quarterly ; ISSN: 2719-3454 ; Volume: 17 ; Year: 2021 ; Issue: 1 ; Pages: 19-27 ; Warsaw: Sciendo

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; Fiscal and Monetary Policy in Development ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
• Thema: Regional Economic Growth ; Fiscal Transfers ; Capital ; Recurrent ; Kenya

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Mose, Naftaly
• Ereignis: Veröffentlichung
• (wer): Sciendo
• (wo): Warsaw
• (wann): 2021

Weitere Informationen

• DOI: doi:10.2478/fiqf-2021-0003
• Handle: http://hdl.handle.net/10419/266862
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ