Research Journal of Economics

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Cyrus Mutuku Author

mutukucmm@gmail.com +254 20 2245566 | +254 20 2245

Subjects of specialization
Non technical trade barriers,Kenya,Imports verification standards,Gravity model

Affiliation
Department of Economics, University of Nairobi, Nairobi, Kenya

Biography

Cyrus Mutuku Department of Economics, University of Nairobi, Nairobi, Kenya. His publication include: Fugazza M (2013) The economics behind non-tariff measures: Theoretical insights and empirical evidence, UNCTAD, USA

Publications

Review Article Open Access

Crowding in or Crowding Out? Economic Growth, Public and Private Investment in Kenya

Author(s):

Cyrus Mutuku and Monica Kinyanjui

Kenya seeks to realize vision 2030 by growing the economy by 10% annually. However, this has not been realized in the last 7 years. Private and public investments are the main ingredients in driving the expected growth rates. However, both are under performing especially public investments given fiscal constraints and ballooning recurrent expenditure. It is essential to know whether the two investments are complementary or substitutes. Using a VAR model and annual time series data spanning 1960 to 2016, this study reveals that public investments crowds out private investments in the short run.

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