Economic Performance and Public Finance in Kenya, 1960-2010

Kempe Ronald Hope

doi:10.25159/0304-615X/3968

Authors

Kempe Ronald Hope Development Practice International http://orcid.org/0000-0002-4275-5837

DOI:

https://doi.org/10.25159/0304-615X/3968

Keywords:

Kenya, economic performance, public finance, savings, investment

Abstract

Countries with positive per capita real growth are characterised by positive national savings—including government savings, increases in government investment, and strong increases in private savings and investment. On the other hand, countries with negative per capita real growth tend to be characterised by declines in savings and investment. During the past several decades, Kenya’s emerging economy has undergone many changes and economic performance has been epitomised by periods of stability/instability, decline, or unevenness. This article discusses and analyses the record of economic performance and public finance in Kenya during the period 1960?2010, as well as policies and other factors that have influenced that record in this emerging economy.

Author Biography

Kempe Ronald Hope, Development Practice International

Kempe Ronald Hope, Sr., formerly a senior official with the United Nations, is the Director, Policy Group, Development Practice International (DPI). He has also been the Founding Director of the Centre of Specialisation in Public Administration and Management aand Professor of Development Studies at the University of Botswana and Professor of Economics at several other universities in North America, the Caribbean, and Africa. Professor Hope has published extensively on African economic development policy, management, and governance issues. His most recent books are Corruption and Governance in Africa (Palgrave Macmillan/Springer, 2017); Police Corruption and Police Reforms in Developing Societies (CRC Press/Taylor and Francis, 2016); and The Political Economy of Development in Kenya (Bloomsbury Books, paperback edition, 2013). The views he expresses here are private and do not necessarily reflect those of DPI or any other organization to which he is affiliated.