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Impact of Public Debt on Private Investment in Kenya

This study investigates the effect of public debt on private investment in Kenya using a causal effect research design of time series data of 43 years (1978—2020). Private investment plays a crucial role in economic growth by fostering employment, capital accumulation, and technological advancement. Private investment is extremely important to growth, development, and employment. Excessive borrowing, however, results in debt accumulation which retards the pace of sustainable economic progress. […]