Inflation and Economic Growth in Kenya: An Empirical Examination
نویسندگان
چکیده
Purpose This paper examines the relationship between inflation and economic growth in Kenya from an analytical empirical standpoint. Design/methodology/approach The applies autoregressive distributed lag (ARDL) bounds testing approach multivariate Granger-causality test using time series data covering 1970-2019. Structural breaks were also conducted Perron (1997) (PPURoot) Zivot-Andrews (1992) (ZAU Root) techniques. Incorporating structural into increases statistical inference's overall validity. Findings Inflation found to have 1995 1991. These years are marked by Kenya's economic, financial, public sector institutional reforms. The other findings of study revealed that has a statistically significant negative influence on long-term growth. results showed distinct short-run unidirectional causality Kenya. Practical implications In order mitigate consequences coronavirus economy welfare, recommends government should pursue prudent monetary, fiscal policies.
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ژورنال
عنوان ژورنال: Advances in Decision Sciences
سال: 2021
ISSN: ['2090-3359', '2090-3367']
DOI: https://doi.org/10.47654/v25y2021i3p1-25