ECONOMIC GROWTH AND QUALITY OF LIFE IN KENYA
Abstract
Purpose of Study: This study examines the effect of economic growth on the quality of life (QoL) of people in Kenya over a period of 15 years, 2008-2022. The period marks the larger part of the ongoing Kenya Vision 2030.
Methodology: The study uses human development index (HDI) as the metric for QoL, secondary data sources, and the autoregressive distributed lag model in the analysis to test the null hypotheses that economic growth is not statistically significant in influencing QoL in Kenya.
Result: The results indicate that there is not enough evidence against the null hypothesis, contrary to popular expectations. One possible explanation for this outcome is attribution arising from inclusivity in the growth process.
Keyword: Economic growth, quality of life, Kenya Vision 2030, equilibrium theory, cumulative causation theory.
References
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Chikalipah, S. 2021. The Impact of Economic Growth on QoL, Journal of Global Economics, 9(10).
Chisadza, C., & Loots E. 2019. Economic Growth and Quality of Life in Africa, https://link.springer.com>chapter Retrieved Friday 21/06/2024.
DFID. 2024. Growth: Building Jobs and Prosperity in Developing Countries,
https://oecd.org/derc/unitedkingdom/40700982.pdf Retrieved Friday 21/06/2024.
Fagence, M. 1980. Viability Thresholds May Aid Country Towns. Royal Australian Planning Institute Journal, 18(1), 33-34.
Fujita, N. 2007. Myrdal’s Theory of Cumulative Causation, Evolutionary and
Institutional. Economic Review, 3(2), pp275-283.
Fujita, N. 2004. Gunnar Myrdal’s Theory of Cumulative Causation Revisited, Nagoya:
Economic Research Centre, School of Economics, Nagoya University.
GoK. 2007. Kenya Vision 2030: A Globally Competitive and Prosperous Kenya, https://researchictafrica.net/countries/kenya/kenya_vision_2030_-_2007.pdf, Retrieved Saturday, 06/04/2024.
Hill, H. 2008. The Challenge of Regional Development in Indonesia. Australia Journal of International Affairs, 52(1).
Hirschman, O. A. 1958. The Strategy of Economic Development. New Haven: Yale University Press
Hrynchyshyn, I. M. 2020. Evolution of Welfare Theories in the Postulates of Economic Schools and Concepts. Scientific Bulletin of Mukachero University, 7(1): 17-22.
Janvry, D.A. 1972. The Generalized Power of Production Function, https://doi.org/10.2307/1238706 Retrieved Thursday 28/03/2024.
Kirori, G. N. 2019. Introduction to Macroeconomics. Nairobi: CUEA Press.
Krinitcyna, Z. V., Mikhailova, T. R., & German, M. V. 2016. Quality of life as the basis for achieving social welfare of the population. SHS Web of Conferences 28, 01060 (2016)
Krugman, J., Rodriguez, F., & Choi, H. J. 2011. The HDI 2010: New Controversies, Old Critiques. Human Development Research Paper 2011/01. New York: United Nations Development Programme.
Klump, R., Macdam, P., & William, A. 2011. The Normalized CES Production Function: Theory and Emirics, European Central Bank (ECB) Working Paper, No. 1294.
Leon-Ledesma, A. M. 2000. Cumulative Growth and the Catching-Up Debate from a Disequilibrium Standpoint, JEL Classification F43, 03, 04, ISSN 1466-0814
Mankiw, N. G. 2000. Macroeconomics, 4th edition. Harvard University: Worth Publishers.
Myrdal, G. 1965. The United Nations, Agriculture, and the World Economic Revolution. American Journal of Agricultural Economics, 47(4): 889-899.
Myrdal, G. 1944. An American Dilemma. Washington, DC: Harper.
O’Hara, P. A. 2008. Principle of Circular and Cumulative Causation: Fusing Myrdalian and Kaldorian Growth and Development Dynamics. Journal of Economic Issues, 42(2), pp375-387.
O’Hara, P. A. 2007. Principles of Institutional-Evolutionary Political Economy-Converging Themes from the Schools of Heterodoxy. Journal of Economic Issues, 41(1), pp1-42.
Rodrik, D. 2007. One Economics, Many Recipes: Globalization, Institutions and Economic Growth, https://researchgate.net/publication/24117995 Retrieved Friday 21/06/2024
Skott, P., Auerbach, A. 1995. Cumulative Causation and the ‘’new’’ Theories of Economic Growth. Journal of Post Keynesian Economics, 17(3), 381-402.
Tarkoweki, J. 1988. The Polish Crisis and Myrdal’s Model of Circular Causation. Political Studies, 36(3), 463-474.
Veblen, T. 1998. The Theory of the Leisure, https://books.google.com Retrieved Saturday 03/08/2024.
Young, A. A. 1928. Increasing Returns and Economic Progress. The Economic Journal, 38(152), 527-542.
Chikalipah, S. 2021. The Impact of Economic Growth on QoL, Journal of Global Economics, 9(10).
Chisadza, C., & Loots E. 2019. Economic Growth and Quality of Life in Africa, https://link.springer.com>chapter Retrieved Friday 21/06/2024.
DFID. 2024. Growth: Building Jobs and Prosperity in Developing Countries,
https://oecd.org/derc/unitedkingdom/40700982.pdf Retrieved Friday 21/06/2024.
Fagence, M. 1980. Viability Thresholds May Aid Country Towns. Royal Australian Planning Institute Journal, 18(1), 33-34.
Fujita, N. 2007. Myrdal’s Theory of Cumulative Causation, Evolutionary and
Institutional. Economic Review, 3(2), pp275-283.
Fujita, N. 2004. Gunnar Myrdal’s Theory of Cumulative Causation Revisited, Nagoya:
Economic Research Centre, School of Economics, Nagoya University.
GoK. 2007. Kenya Vision 2030: A Globally Competitive and Prosperous Kenya, https://researchictafrica.net/countries/kenya/kenya_vision_2030_-_2007.pdf, Retrieved Saturday, 06/04/2024.
Hill, H. 2008. The Challenge of Regional Development in Indonesia. Australia Journal of International Affairs, 52(1).
Hirschman, O. A. 1958. The Strategy of Economic Development. New Haven: Yale University Press
Hrynchyshyn, I. M. 2020. Evolution of Welfare Theories in the Postulates of Economic Schools and Concepts. Scientific Bulletin of Mukachero University, 7(1): 17-22.
Janvry, D.A. 1972. The Generalized Power of Production Function, https://doi.org/10.2307/1238706 Retrieved Thursday 28/03/2024.
Kirori, G. N. 2019. Introduction to Macroeconomics. Nairobi: CUEA Press.
Krinitcyna, Z. V., Mikhailova, T. R., & German, M. V. 2016. Quality of life as the basis for achieving social welfare of the population. SHS Web of Conferences 28, 01060 (2016)
Krugman, J., Rodriguez, F., & Choi, H. J. 2011. The HDI 2010: New Controversies, Old Critiques. Human Development Research Paper 2011/01. New York: United Nations Development Programme.
Klump, R., Macdam, P., & William, A. 2011. The Normalized CES Production Function: Theory and Emirics, European Central Bank (ECB) Working Paper, No. 1294.
Leon-Ledesma, A. M. 2000. Cumulative Growth and the Catching-Up Debate from a Disequilibrium Standpoint, JEL Classification F43, 03, 04, ISSN 1466-0814
Mankiw, N. G. 2000. Macroeconomics, 4th edition. Harvard University: Worth Publishers.
Myrdal, G. 1965. The United Nations, Agriculture, and the World Economic Revolution. American Journal of Agricultural Economics, 47(4): 889-899.
Myrdal, G. 1944. An American Dilemma. Washington, DC: Harper.
O’Hara, P. A. 2008. Principle of Circular and Cumulative Causation: Fusing Myrdalian and Kaldorian Growth and Development Dynamics. Journal of Economic Issues, 42(2), pp375-387.
O’Hara, P. A. 2007. Principles of Institutional-Evolutionary Political Economy-Converging Themes from the Schools of Heterodoxy. Journal of Economic Issues, 41(1), pp1-42.
Rodrik, D. 2007. One Economics, Many Recipes: Globalization, Institutions and Economic Growth, https://researchgate.net/publication/24117995 Retrieved Friday 21/06/2024
Skott, P., Auerbach, A. 1995. Cumulative Causation and the ‘’new’’ Theories of Economic Growth. Journal of Post Keynesian Economics, 17(3), 381-402.
Tarkoweki, J. 1988. The Polish Crisis and Myrdal’s Model of Circular Causation. Political Studies, 36(3), 463-474.
Veblen, T. 1998. The Theory of the Leisure, https://books.google.com Retrieved Saturday 03/08/2024.
Young, A. A. 1928. Increasing Returns and Economic Progress. The Economic Journal, 38(152), 527-542.
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Published
2024-12-10
How to Cite
Kimani, L. N., Mutasa, F. ., & Kirori, G. N. (2024). ECONOMIC GROWTH AND QUALITY OF LIFE IN KENYA. African Journal of Emerging Issues, 6(22), 11–18. Retrieved from https://ajoeijournals.org/sys/index.php/ajoei/article/view/733
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