Influence of Devolved Enterprise Funds on Household Welfare in Kenya
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Date
2023-05-26
Authors
Shibairo, Peter Misango
Ngaruko, Deus D. P.
Wawire, Nelson H. Were
Journal Title
Journal ISSN
Volume Title
Publisher
IPRJB
Abstract
Purpose: Devolved enterprise funds would contribute
to increased entrepreneurship and household welfare
in Kenya, leading to reduced poverty levels and
improved living standards. The extent of the impact of
devolved enterprise funds on household welfare in
Kenya is uncertain. Despite the funds being available,
many entrepreneurs in Kenya still struggle to access
capital and other resources needed to start and grow
their businesses. This has limited the potential benefits
of devolved enterprise funds on household welfare.
This study investigated the influence of devolved
enterprise funds on household welfare in Kenya.
Methodology: The study employed a nonexperimental pooled cross-sectional research design.
The study targeted the households listed in the
2015/2016 Kenya Integrated Household Budget
Survey which indicated the residence of households’
owners from which a random sample of 384
households was generated using the Fisher’s formula.
Cross sectional data were collected from selected
households using structured questionnaire. Random
utility maximization theory was used to determine
people’s choice, preferences and decision making.
Simple linear regression model was used to estimate
the relationship between variables. The data was
presented in tables.
Findings: Findings revealed that devolved enterprise
funds had a significant positive influence on
household welfare in Kenya. Therefore, household
welfare will improve if devolved enterprise funds
positively influence the welfare of many households in
Kenya.
Unique Contribution to Theory, Practice and
Policy: The study recommends that efforts should be
made to simplify and streamline the application and
disbursement processes for enterprise funds,
particularly for women and youth entrepreneurs who
may face additional barriers to accessing funds.
Description
Article
Keywords
Devolved Funding, Household Welfare, Enterprise Funds
Citation
Shibairo, P., Ngaruko, D., & Wawire, N. (2023). Influence of Devolved Enterprise Funds on Household Welfare in Kenya. International Journal of Economics, 8(1), 85–99. https://doi.org/10.47604/ijecon.1985