INCOME INEQUALITY AND ECONOMIC GROWTH IN KENYA_2010

  • Type: Project
  • Department: Economics
  • Project ID: ECO1009
  • Access Fee: ₦5,000 ($14)
  • Pages: 32 Pages
  • Format: Microsoft Word
  • Views: 119
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

The global income distribution highlights the extraordinarily high degree of inequality. The average income of the top 20% of the world’s population is about 50 times the average income of the bottom 20% (HDR 2005). Kenya’s top 10% households control 42% of the total income while the bottom 10% controls less than 1% (SID, 2004). Kenya’s long term development goal as indicated in its Vision 2030 is to transform the country into a middle income country with a sustainable economic growth rate of 10 percent. The effect of income inequality and growth remains unclear; scholars are yet to reach a consensus. It thus becomes essential to bring to light the nature of relationship between income inequality and economic growth in Kenya, hence the motivation of the study. Regression analysis using secondary data on GDP and GINI coefficient of the country reveal a weak negative relationship between income inequality and growth. Poor social phenomena such as shorter life expectancy, higher disease rates, homicide, infant mortality which correlate with socioeconomic inequality, are a disincentive to economic growth. Inequalities in income can also reflect inequalities in political power. A more equitable distribution of income can stimulate healthy economic expansion by acting as a powerful material and psychological incentive to widespread public participation in the development process (Todaro, 1992). The study recommends that government to take broader steps towards income redistribution to reduce inequality for inclusive growth.


INCOME INEQUALITY AND ECONOMIC GROWTH IN KENYA_2010
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO1009
  • Access Fee: ₦5,000 ($14)
  • Pages: 32 Pages
  • Format: Microsoft Word
  • Views: 119
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO1009
    Fee ₦5,000 ($14)
    No of Pages 32 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT The research aims to find the relationship between income inequality and economic growth in the Brazilian economy. Economic growth and income inequality are defined in the light of academic literature and their varied effect on wellbeing are explored. The research methodology selected is deductive. The data have been collected through... Continue Reading
    Abstract The study investigated the relationship between income inequality and economic development with a case study of Jinja Municipality in Eastern Uganda. The main purpose of the study was to evaluate the relationship between income inequality and economic development. The study reviewed data on Income inequality, gender and their relationship... Continue Reading
    (1980-2014) CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY  According to Black Law Dictionary, tax is a rateable portion of the produce of the property and labor of the individual citizens, taken by the nation, in the exercise of its sovereign rights, for the support of government, for the... Continue Reading
    ABSTRACT This study examines personal income tax and economy growth. In the light of the empirical review and other discussions, a number of questions arose as to whether there is relationship between personal income tax and economy growth. Using the Ordinary Least Square (OLS) regression... Continue Reading
    ABSTRACT This study examines the role of personal income tax on the economic growth of Nigeria. the objective of the study was to determine how tax income affects economic growth in Nigeria. To achieve this objective, relevant secondary data from the period of 2000-2012 on personal income tax were collected from the Central Bank of Nigeria (CBN)... Continue Reading
      CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY  According to Black Law Dictionary, tax is a rateable portion of the produce of the property and labor of the individual citizens, taken by the nation, in the exercise of its sovereign rights, for the support of government,... Continue Reading
    ABSTRACT Developing countries have invested heavily in pursing policies and strategies to attract foreign direct investments to augment the existing capital stock. These efforts have seen a substantial increase in the flow of foreign direct investments to developing countries. For the last two decades foreign direct investments inflows in Kenya... Continue Reading
    ABSTRACT This work is an overview of the effect of oil price volatility on economy growth in Nigeria using per capital Income as deciding factor.... Continue Reading
    ABSTRACT This work is an overview of the effect of oil price volatility on economy growth in Nigeria using per capital Income as deciding factor.... Continue Reading
    ABSTRACT  This work is an overview of the effect of oil price volatility on economy growth in Nigeria using per capital Income as deciding factor. ... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us