Browsing by Author "Korir, Julius"

Now showing 1 - 7 of 7
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    A Case of Public Debt Liquidation Using Inflation in Kenya
    (Canadian Center of Science and Education, 2025-05) Buhere, V. Amayoka; Korir, Julius
    Kenya adopted Medium Term Debt Strategies in 2001 to reduce external borrowing, prioritise concessional debt, slow domestic debt accumulation, extend maturities, and set debt ceilings. Despite these efforts, concerns about debt sustainability persist. Inflation has been demonstrated to liquidate debt in advanced economies but remains unexplored in Kenya. This study used 1983-2022 data and time series analysis to assess inflation’s potential to liquidate public debt, distinguishing domestic from external debt. The results indicated that a 2% shock inflation had a minimal impact on domestic debt, reducing the ratio by just 0.024% in ten years. Conversely, external debt to GDP increased by three and a half percent in five years but decreased by 282% in ten years, aligning with global findings that longer-term debt is more responsive to persistent inflation shocks. This study informs fiscal policy on inflation’s role in managing public debt.
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    Credit Information Sharing and Credit Availability in Kenya
    (2017) James, Rosemary; Iraki, X. N.; Korir, Julius
    This study provides an empirical investigation of the effect of credit information sharing on credit availability in Kenya while controlling for bank characteristics. The study employed the explanatory non-experimental research design. A census of the 43 financial institutions that are licensed under the Kenyan Banking Act was conducted. Both primary and secondary data were collected. The key source documents for the secondary data were the financial disclosures prepared by the banks on a quarterly basis for the period 2008-2012. Fixed effects regression results showed that presence of information sharing had significant positive effect on credit availability as measured by the volume of lending. However, the intensity of information sharing had very little effect on credit availability. The study recommends that the government should ensure that the recently introduced credit reference bureaus cater for all types of credit institutions and also organized informal groups so that prospects of enhanced credit availability can be further improved. Secondly, the government needs to embark on effective awareness creation of the benefits of credit information sharing to the financial institutions. Keywords: Asymmetric Information, Credit Availability, Information sharing
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    Demand for Reproductive Health Vouchers and Utilization: A Case Study of Output Based Approach in Kilifi Kenya
    (NIHR Health Technology Assessment Programme, 2017) Mwangangi, Mary N.; Kioko, Urbanus; Korir, Julius
    Demand side financing initiatives are different forms of financing health services that aim to minimize financial obstacles to accessing health care and also decrease inequities by ensuring that services are made affordable to poor and underserved populations through provision of subsidies. Vouchers have been expected to improve health outcomes by improving on service quality, improving effectiveness while also increasing the utilization of health care services. Despite the fact that vouchers have been implemented in Kenya since 2006, very few studies have focussed on underlying factors that contribute to low utilization even with high demand for the vouchers particularly in Kilifi County. This study investigates the relationship between demand and household and individual characteristics and also the relationship between utilization and household characteristics. The findings indicate that age, education, marital status and occupation had a relationship with demand for the reproductive health vouchers while for utilization of the vouchers only age and marital status were found to be statistically significant.
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    Dynamic Linkages of Stock Market Sectors: Evidence from the Kenyan Stock Market
    (Science and Education Publishing, 2020) Simiyu, Eddie; Korir, Julius; Laiboni, Gabriel
    This paper undertakes an empirical investigation into the dynamic linkages of the Nairobi Securities Exchange’s sectors. Using weekly indices for the 9th June 2008 to 14th February 2019 period, it examines the dynamic linkages of the Investment, Manufacturing and Allied, and Banking sectors. The study finds out the presence of one cointegrating relationship in the long run. A Vector Error Correction Model is fitted to estimate the temporal relationships of the three indexes. Results of Granger Causality testing, which are based on the VECM output, indicate the presence of bidirectional granger causality between the Manufacturing and Allied & Banking sectors as well as the Banking & Investment sectors. However, there is no granger causality between the Investment & Manufacturing and Allied sectors. Impulse response analysis show that shocks to the Manufacturing and Allied Sector are least significant in terms of their ability to invoke responses from other sectors, while shocks to the Banking sector are most influential as far are the tendency of elevating the volatility of other sectors’ indexes is concerned. Forecast Error Variance Decomposition (FEVD) analysis further indicate that shocks to the banking sector are most influential in terms of their explanatory power of other sectors’ forecast variances. The study therefore concludes that the banking sector has the highest tendency to influence other sectors’ volatility, while the Manufacturing and Allied Sector is least significant in terms of its ability to influence other sectors’ volatility. Therefore, it is recommended that that stocks that are listed under the Manufacturing and Allied Sector should be considered for diversification purposes due to the low scale of linkages that this sector has with other sectors. But, better still; investors should seek inter-market diversification opportunities in order to tap fully into the benefits of portfolio diversification.
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    An econometric analysis of effect of poverty on health status in Kenya
    (Scientific & Academic Publishing, 2018) Musyoka, Peter K.; Omolo, Jacob; Korir, Julius; Nzai, Charles
    One of the most important social-goal world-over is the achievement of good health. This is because, apart from been a fundamental right, it is also an invaluable asset and a prerequisite for improved productivity. However, the benefits associated with good health status may not be enjoyed in the presence of high poverty rates. Thus, poverty reduction is important in ensuring enjoyment of good health. In Kenya, despite the government’s effort to reduce poverty and improve health status of her citizens, poverty has remained high and health indicators have not been impressive either. This paper,therefore, sought to establish the effect of poverty on health status in Kenya. The study used Ordered Probit and the 2013 Kenya Household Expenditure and Utilization Survey dataset to achieve its objective. Estimation results indicate poverty reduction increased the probability of reporting own health as being very good and reduced that of reporting poor health,ceteris paribus. Increase in household size by one member increased the likelihood of reporting own health as being poor other factors held constant. A one year increase in age increased the probability of reporting poor health and reduced that of reporting very good health holding other factors constant. The probability of urban residents reporting own health as being poor was higher than their rural counterparts ceteris paribus. Being employed increased the probability of reporting own health as being very good compared to being unemployed other factors held constant. The study based on the findings concludes that poverty decreases the probability of reporting good health and, therefore, it is important for the government to formulate and implement policies that reduce or eradicate poverty.
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    The Impact of ICT Capacity on Organizational Performance of Public Secondary Schools in Kisii County, Kenya
    (International Journal of Economics, Commerce and Management, United Kingdom, 2020) Nyambane, Cyprian O.; Nzuki, David M.; Korir, Julius
    In Kenya, the government acknowledges that integration educational technology the curriculum and educational processes in public schools presents an opportunity for improving organizational performance of the schools through efficiency and effectiveness. As a result the government over the years has made concerted efforts in funding for ICT integration projects in public schools with aim of building the necessary capacity for successful implementation of the technology. Although progress has been made in equipping public schools with ICT infrastructure, public secondary schools in Kisii County are still faced with operational inefficiencies, traditional teaching and learning methods and declining academic outcomes. This can be attributed to lack of institutional capacity for change and individual ICT capacity to use the technology which is necessary for successful implementation of ICT integration in schools. The study therefore examined the impact ICT capacity and organizational performance of public secondary schools in Kisii County that have been funded by the government through the Economic Stimulus Programme (ESP). The study examined the role of human resource ICT capacity (X1), school ICT infrastructure (X2) and institutional ICT environment (X3) on organizational performance (Y). The research findings show that all the three explanatory variables had a positive and significant influence on the dependent variable. The study recommends that stakeholders in the education sector should invest more on ICT capacity building in learning institutions for effective utilization of ICT in order to realize its full potential.
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    Predictors of community health workers retention in service in Makueni County, Kenya
    (2014-07-24) Kithuka, Peter Munyao; Ochieng, O.; Korir, Julius; Mwitari, J.
    Globally, the reported attrition rates of Community Health Workers (CHWs) vary between 3.2% and 77% with high rates being associated with volunteer CHWs. In Kenya, retention rate is estimated at 67% while in Makueni it varies between 50% and 98%. The success of community programmes is often hampered by low retention rates which affects the sustainability of interventions and increases training costs, since it needs continuous replacement which makes the programme difficult to manage. The main objective of this study was to establish predictors of community health workers retention in service in Makueni County. The study used a crosssectional study design employing mixed methods of data collection incorporating researcher-administered questionnaires, Focus Group Discussions and Key Informant Interviews. The study population consisted of 2,800 CHWs commissioned by the Ministry of Health in Makueni County. Sample size of the study was 603 CHWs selected through Cluster sampling. 552 CHWs participated in the study. Purposive sampling was used to select participants for Focus Group Discussions and Key Informant Interviews. Quantitative data was subjected to descriptive, cross-tabulation and logistic regression analysis using SPSS version 20 software. Thematic analysis was done using Nvivo to gain an in-depth understanding of the study results and triangulate quantitative findings. Results showed that of the 552 CHWs interviewed, 87.7% were married, 78.2% were aged between 30-49 years, 68.1% were females, 59.6% had completed secondary level of education, 97.6% were Christians, 62% were subsistence farmers and 64% were residents in lowland zone. The retention rate among the study participants was 69.4%. Logistic regression results showed that the predictors of retention of CHWs in Makueni County included; financial incentives (p=0.000, OR= 129.477), provision of health updates (p=0.000, OR=4.489), belonging to a self-help group (p= 0.004, OR=2.555), provision of reporting tools (p=0.000. OR=0.022 and provision of essential medical kits (p=0.000, OR=4.768). In conclusion, there is need to review community health strategy implementation guidelines to harmonize provision of regular financial incentives, essential medical kits, reporting tools and health updates (through more comprehensive training programmes, refresher trainings and regular dissemination and sharing of new health information). The national and county government and partners of the community health strategy should also create effective mechanisms for livelihood support of CHWs such as establishing self-help groups as a sustainability measure for the community health strategy.