Effects of Infrastructure Development on Foreign Direct Investment in Kenya

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dc.contributor.authorWekesa, Carol Teresa
dc.contributor.authorWawire, Nelson H.
dc.contributor.authorKosimbei, George
dc.date.accessioned2017-06-29T08:31:24Z
dc.date.available2017-06-29T08:31:24Z
dc.date.issued2017
dc.descriptionResearch Articleen_US
dc.description.abstractKenya’s foreign direct investment (FDI) inflows as a percentage of GDP have been increasing negligibly over the last 4 years, increasing from 0.4 per cent in 2010 to 0.9 per cent in 2013. And yet evidence shows that quality infrastructure lowers the cost of doing business and thus attracts FDI. Kenya has visible signs of infrastructure inadequacy and inefficiencies despite the fact that since the year 2000, there has been increased budgetary allocation to the infrastructure sector. This study, therefore, sought to determine the effects of transport, energy, communication and water and waste infrastructure development on FDI inflows in Kenya. The study used annual time series data sourced from Central Bank of Kenya, World Bank and the United Nations Conference on Trade and Development (UNCTAD). Using multiple regression analysis, it was established that improved transport infrastructure, communication infrastructure, water and waste infrastructure, exchange rate, economic growth and trade openness are important determinants of FDI inflows into Kenya. Hence, for Kenya to attract more FDI, continued infrastructural development is key since quality infrastructure affords investors a conducive investment climate in which to operate.en_US
dc.identifier.citationJournal of Infrastructure Development 8(2) 93–110en_US
dc.identifier.issn0974-9306
dc.identifier.urihttp://journals.sagepub.com/doi/pdf/10.1177/0974930616667875
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/17683
dc.language.isoenen_US
dc.publisherSAGE Publicationsen_US
dc.subjectInfrastructure developmenten_US
dc.subjectForeign direct investmentsen_US
dc.subjectReturn on investmenten_US
dc.subjectExchange rateen_US
dc.titleEffects of Infrastructure Development on Foreign Direct Investment in Kenyaen_US
dc.typeArticleen_US
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