Adjustment of Interest Rates, Demand for Credit and Economic Growth in Kenya

dc.contributor.author	Murithi, K
dc.contributor.author	Waweru, G
dc.date.accessioned	2022-05-27T06:00:29Z
dc.date.available	2022-05-27T06:00:29Z
dc.date.issued	2022-03
dc.identifier.uri	http://repository.kyu.ac.ke/123456789/816
dc.description.abstract	The main objective of this study was to determine the effect of changes in interest rate on demand for credit and economic growth in Kenya. In order to achieve these objectives, two empirical models were used, the first being the growth equation, with interest rate, private sector credit (as a percentage of GDP) and the other, the macroeconomic variables as the explanatory variables. Time series annual data ranging from 1970-2020 was used in the study. Results showed that investments have a positive and significant impact on economic growth while interest rates on the other hand had a negative and significant impact on demand for credit.	en_US
dc.language.iso	en	en_US
dc.publisher	KyU 5th Annual International Conference	en_US
dc.subject	Interest Rates, Credit, Investment and Economic Growth	en_US
dc.title	Adjustment of Interest Rates, Demand for Credit and Economic Growth in Kenya	en_US
dc.type	Article	en_US