Construction industry is the backbone for economic development. This can lead to increased political and social turmoil, which often accompany boom or bust economic cycles. Interest in the role of small and mediumsized enterprises smes in the development process. O box 6200000200, nairobi, kenya school of human resource development entrepreneurship and procurement department. From access to capital, to access to technology, to access. A103123022009 a thesis submitted in partial fulfillment of the requirements for award of the degree of master of science agribusiness management and trade in the school of. Economic factors are connected with goods, services, and money. Real gdp growth rate of kenya and its regional peers %, 202016f. Factors affecting completion of road construction projects in.
In a countrys economic development the role of economic factors is decisive. Yet economic growth, particularly the kind thats unchecked or unstable, comes with a price tag, which can include higher environmental costs or a spike in income inequality. Factors influencing development of farm forestry in lugari. A case of transnzoia county, kenya article pdf available june 2014 with 879 reads how we measure reads. In kenya, it goes without saying that smes have played a significant role in the macro economy. The studys specific objectives were to determine the extent to which financing. Factors affecting entrepreneurship development relivingmbadays. Sep 16, 2014 our results suggest that domestic investment, net oda inflows, education, government effectiveness, urban population, and metal prices positively and significantly affect africas economic growth. Establishing the factors affecting the growth of small and mediumsized enterprises in.
The main objective of this paper is to analyze the influence of socioeconomic factors on the levels of households participation in cdf projects in efforts to. In kenya economic development is dependent on agricultural improvement. To address this research area, this paper seeks to assess the factors influencing perceptions of development using a structural equation modeling approach. Prior to 1998, it was kenyas top foreign exchange earner and currently ranks fourth after tea, tourism and horticultural subsector government of kenya g.
A case of tailoring and dressmaking enterprises in eldoret james k. Since 1963, kenya has pursued development that has focused on eradicating hunger, illiteracy and diseases. An evaluation of socioeconomic factors influencing the. A survey of kigumo district muranga county lawrence n. Factors affecting growth of saccos within the agricultural. The economic environment in relation to socioeconomic factors affecting human resource management in kenya is influenced by the macroeconomic policies.
Most of fdi in kenya is export oriented and market seeking. Factors affecting the success of youth enterprise development funded. The other variables had insignificant relationship. Factors affecting the success of kenya youth enterprise. Economic factor kenya s economy is marketbased, with some stateowned infrastructure enterprises, and maintains a liberalized external trade system. These conditions may have both positive and negative influences on the emergence of entrepreneurship. Yields, socioeconomic factors, price, coffee, kenya. Mbugua assistant lecturer in entrepreneurship maasai mara university kenya magdaline wangoi assistant lecturer in economics. Influence of economic factors on performance of project. To create a positive attitude towards sustainable economic development 1. Socioeconomic status and participatory development in kenya. Political factors influence economic development by positively or negatively influencing the process of development. Kenya has made significant political, structural and economic reforms that have largely driven sustained economic growth, social development and political gains over the past decade. It focuses on the main challenges facing rural households, their individual and collective responses to these, associated changes in household relations, and growing.
While the mediumterm growth outlook is stable, the report notes that recent threats of drought and continued subdued private sector investment. Socioeconomic factors influencing smallholder pumpkin production, consumption and marketing in eastern and central kenya regions richard ndegwa bsc. A case of transnzoia county, kenya article pdf available june 2014 with. Introduction in the modern, highly competitive world of today, important sources of wealth and economic development are knowledge, learning and innovation committee of technikon principals 2003. The economic environment in relation to socio economic factors affecting human resource management in kenya is influenced by the macro economic policies. In conclusion, social factors are at the very heart of sme growth in kenya. There are other factors for problems of performance in kenya such as project management, coordination between. To facilitate participatory support in economic development. Major factors influencing economic growth bizfluent. Factors affecting the growth of micro and small enterprises. A dissertation submitted in partial fulfillment of the requirements for award of the degree of masters of science in economics msc.
In areas where these factors are present, you can expect to see strong and consistent entrepreneurial growth. Though in kenya these factors are considered, the political factor is seen as the steering wheel of education in the country. A103123022009 a thesis submitted in partial fulfillment of the requirements for award of the degree of master of science agribusiness management and trade in the school of agriculture and. Hear will discuss only a number of the factors that have undermined economic growth in kenya. The study made use of a survey questionnaire administered through drop and pick later method. Economic development is the sustained increase in income of all members of society so as to be free from material want. This paper highlights the issues of poor economic growth, politics, lack of facilities, institutional leadership, ability. This paper provides a critical appraisal of development of education system in kenya. Our results suggest that domestic investment, net oda inflows, education, government effectiveness, urban population, and metal prices positively and significantly affect africas economic growth. Factors affecting smallscale business performance and development joined economic, psychological, social and other factors which influence the characteristics and development of entrepreneurship, as well as entrepreneurial behaviour. Factors that influence educational development in any country include historical, geographical, technological, religious, political and ideological. Factors affecting foreign direct investment decisions. The study involves a survey using structured questionnaire and an in.
Mbugua assistant lecturer in entrepreneurship university of kabianga kenya susan n. Factors affecting the performance of small and medium enterprises in the jua kali sector in nakuru town, kenya anne ngima kinyua egerton university nakuru town campus college department of accounting, finance and management science abstract. The questionnaire was pretested for validity and reliability with 10 management staff. It should result in higher standards of living, giving rise to employment and an increase in the real gdp of a country. Factors affecting teachers implementation of curriculum. Factors affecting economic growth in africa 485 while market mechanism was continuously expanded and now plays the lead role in resource allocation. European journal of business, economics and accountancy vol.
Entrepreneurship is influenced by four distinct factors. Kenya overview world bank group international development. For the study multiple regression also revealed variation in sme growth were attributable to variations in social factors, economic factors, and factors of growth. Factors affecting completion of road construction projects. Factors affecting the performance of small and medium.
A study by were 2001, focusing on an hipc country, kenya, and using time series data from 1970 to 1995. Introduction algeria is a developing country characterized by a minimally diversified economic structure. Development of education in colonial kenya was politically directed. The findings on the extent to which economic factors affects growth of. Below are some factors that influence the economic growth and development of an industry.
Kenyas social, economic, political and environmental development achievements made in the last 40 years and specifically the period between 1992 and present is outlined, as well as challenges facing development. Kenya is the largest food and agricultural products importer in east africa. As a result, local businesses tend to stay in the informal sector and do not contribute to national economic growth. The case study of the kenya literature bureau by babu michael hamisi a project submitted in partial fulfi llment of the requirements for the degree of master of business administration mba, school of business, university of nairobi october, 2011. Factors that influence new product development decisions in. The main objective of the study was to investigate the factors affecting the success of kenya youth enterprise development funded projects in langata constituency, nairobi county. Master of science in project management candidate, jomo kenyatta university of agricultureand technology, nairobi, kenya. Factors affecting growth of information communication. Dec 26, 2012 entrepreneurship is influenced by four distinct factors. Factors affecting the success of youth enterprise development funded projects in kenya. Factors that undermine economic development in kenya. The sme sector is important in the social economic development of kenya and is perceived as an engine for growth gok, 2008. Nairobi, april 8, 2019 kenyas real gross domestic product is projected to grow by 5.
Apr 06, 2014 the major factors discussed in this paper include. Sustainable economic growth is defined as the expansion of the productive potentials of an industry in the long run. Political factors affecting economic development video. Factors affecting completion of road construction projects in nairobi city county. While the mediumterm growth outlook is stable, the report notes that recent threats of drought and continued subdued. The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies. Assessment of the factors affecting perfomance of small and medium enterprises smes the case of kilimanjaro region by lema, john. With your download, get the 37 best papers relevant to this one, including 9 top related papers.
Economic evaluation of factors affecting farmers participation in development groups. Environmental factors affecting business by jack onyisi abebe introduction environmental factors can have an impact on project management even in environments that are relatively stable. Nov 21, 2012 factors that undermine economic development in kenya there are several factors that have lead to the slow economic growth in since independence. Analysis of socioeconomic factors affecting the coffee. Factors that influence new product development decisions.
Factors affecting economic growth in africa 485 while market mechanism was continuously expanded and now plays the lead role in resource allocation, the state government has played a strong role. Establishing the factors affecting the growth of small and. However, its key development challenges still include poverty, inequality, climate change, continued weak private sector investment and the vulnerability of the. Factors that influence the economic development of a country. The global forces taxonomy categorizes those global forces impacting on tourism into. Other factors that will contribute are access to 2. The kenya vision 2030 envisages ict as one of the key drivers of economic development as we strive to achieve the aspirations of the countys development plan. Introduction coffee is one of the key agricultural export commodities in the kenyan economy. Education of any country is an important tool for the developmental process of that particular nation.
Government policies are usually in respect to the levels of employment, inflation, taxation and interest rates. This paper mainly analyses the drivers of economic growth in kenya and the. The objective of this study is to examine the effect of credit, savings, training and social capital on women entrepreneurs performance in nigeria. Factors affecting the success of youth enterprise development. Unemployment is one of the most daunting economic challenges facing kenya. The reason for this is that the state of the economy can decide many of the important details that come up in an operating company. Factors influencing development of farm forestry in lugari district, kakamega county, western kenya. Pdf economic evaluation of factors affecting farmers. For china, the key factors driving its economic growth are domestic investment, trade openness, initial income, and rural share of the population. Economic factor kenyas economy is marketbased, with some stateowned infrastructure enterprises, and maintains a liberalized external trade system.
This paper is about an empirical analysis of the factors affecting economic growth in. Factors affecting foreign direct investment decisions among. Kimando corresponding author jomo kenyatta university of agriculture and technology p. The government has consequently placed job creation at the top of its policy agenda. Macro factors affecting the risk of corruption the growing importance of corruption is based on the consensus that the development of the country needs good governance. The effect of microfinance factors on women entrepreneurs. So in the study of corruption related factors, the relationship between corruption and the development is the first to enter the visions. The broad objective of this study is to finds out the factors affecting growth of saccos within the agricultural sector in kenya.
Factors that undermine economic development in kenya there are several factors that have lead to the slow economic growth in since independence. Case study of kenya urban roads authority kura david ndiangui wambui1, dr. The stock of capital and the rate of capital accumulation in most cases settle the question whether at a juven point of time a country will grow or not. Healthy economic growth generally results from several factors. Factors affecting the growth and development of a learner include race, sex, cultural factors, lifestyle, socioeconomic level and social factors. Kenyas economic outlook remains stable amid threats of. Factors affecting economic growth and development answers. Despite directly affecting businesses, these variables refer to financial state of the economy on a greater level whether that be local or global. Otsieno fredrick sikuku 1, musa gweya apudo 2 and gilbert o. For instance, social factors equally factors of growth, therefore insignificant. Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. Pdf the economy of kenya has been continued to be the largest in the east african region and third largest in. This report outlines the findings and conclusions of the kenya country social analysis csa, the objective of which is to analyze social issues influencing development in kenya.
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