Macroeconomic Drivers of Subnational Debt: Evidence from Kenyan Counties after COVID-19
Ruth Jepchirchir Kiprop, Elijah Ng’eno & Paul Odwori · Asian Journal of Economics, Business and Accounting · 2025
This study examined how economic growth, tax revenue, government expenditure, and corruption levels affect the indebtedness of county governments in post-COVID-19 Kenya. It was based on the theory of debt accumulation and employed a fixed effects regression model. The model's res...
Open access
Research Article
10.9734/ajeba/2025/v25i91984