International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064

Downloads: 3 | Views: 77

Research Paper | Business Economics | Kabarak | Volume 11 Issue 2, February 2022 | Rating: 4.7 / 10

Debt and Economic Growth in Kenya: A Pre-COVID 19 Analysis

Luka K. Kiptui [2]

Abstract: This paper sought to establish the relationship between public debt and economic growth in Kenya over the period 1970 ? 2019. Secondary data on domestic debt, external debt and GDP growth was obtained from the Central Bank of Kenya and the World Bank. The data collected was analyzed using both descriptive and inferential statistical procedures. The findings indicate that external debt has significant negative impact on economic growth in the long run with no noticeable effects in the short run. On the other hand, domestic debt was found to have significant negative effect on growth in the short run, and no significant impact on growth in the long run.

Keywords: Debt, Economic Growth, Kenya

Edition: Volume 11 Issue 2, February 2022,

Pages: 1001 - 1006

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