To determine the effect of technology on growth of Tea SACCOs in Kenya. iii. To evaluate the effect of managerial abilities on growth of Tea SACCOS in Kenya. iv. To establish how competition from commercial banks and other financial Institutions affect the growth of Tea SACCOs in Kenya 1.4 Value of the Study The finding of the study are essential to many Institutions since the societies have a big role to play as the country struggles to turnaround the economy, of particular interest the study will benefit the management of Tea SACCOs who will use it to understand the factors that affect growth of SACCOs within the sector in Kenya and what areas to concentrate on in order to gain competitive advantages.
There is no consensus on the role of external debt in growth. It has both positive and negative aspects. Though one thing is sure, when external debt accumulates beyond a certain limit, it will counteract the economic growth by hampering investment. A leading explanation for this negative relationship is the so-called ‘debt overhang’ hypothesis, which states that high level of indebtedness discourage investment and negatively affect growth as future higher taxes are expected to repay the debt (Ali & Mustafa,
It’s important that financing be as efficient as possible, Stutely (2003). Stutely, argues that the borrower should be able to put the cost of all financing on the same basis, comparing them and come up with the one that gives the lowest cost financing option. Banks have often been criticized for having high interest rates charged on loans. But sometimes, there are factors beyond their control. For example the amount of interest payable on loans depend on interest rates charged, which is driven by the base lending rate of interest set by the Central Bank of Kenya.
The factors are availability of natural resources, exchange rates, labor cost, political climate, inflation and GDP growth rates. This limited the strength of the study since all other factors are not part of the six were not considered yet it is possible they have a strong impact on the inflows of FDI into Tanzania. Secondly, the study focused on Tanzania only and for a period of 20 years. It is not known how the results would have turned out if the study was extended to other countries, say, in East Africa, in the whole of Africa or in the Sub-Saharan Africa. The study does not provide an explanation of what the situation might be like after
Guiso et al., (2002) find wealth and age are significantly associated with risky asset participation but not with the portfolio share. Poterba and Samwick (1997) find there are evident heterogeneity in the asset ownership probabilities of different birth cohorts. Moreover, some study demonstrate background risk is a crucial factor in explaining the heterogeneity in household portfolio choice. In addition, financial literacy or financial awareness appears to be a plausible explanation for limited risky asset market participation (Bertaut, 1998, Campbell, 2006, Cardak &Wilkins, 2009). Since asset ownership is the main carrier for households to transform current income into future consumption, asset allocation has important implications for the wealth accumulation.
By and large, the migration trends characterizing Kenya and expounded by the International Organization for Migration (2015) are irregular migration, refugees, emigration/immigration and internal migration. Kenya is a regional hub for both irregular and legal migration and moreover the host country of the largest refugee populations in Africa (IOM 2015). Given the aim of the study, internal migration is the trend analyzed. It refers to the “movement of people from one area of a country to another for the purpose or with the effect of establishing a new residence. This migration may be temporary or permanent.
The second type, contractionary fiscal policy, is rarely used. That's because its goal is to slow economic growth. Why would you ever want to do that? One reason only, and that's to stamp out inflation. That's because the long-term impact of inflation can damage the standard of living as much as a recession.
What are not clear yet are the impacts of the composition of public expenditure on the level of growth. If government allocations to the various sectors are determined by political consideration rather than economic reasons market distortion will be aggravated with increase in government expenditure. Where the problem of rent seeking is rampant, public expending compositions will be disproportionally shifted based on rent seeking for personal benefits rather than achieving rapid economic growth. Are the compositions of public expenditure growth enhancing or growth retarding in Nigeria? Is there any need for the composition of government expenditure to be adjusted to accelerate rapid economic growth?
A purposive sampling techniques will be adopted for this purpose of research intent. This sampling technique used to examine the impact of tax revenue on Nigeria economy due to the expediency of the researcher in collecting the data needed for the research. Model Specification The research model is newly developed by the researcher for the purpose of this research intent. The inclusion of inflation in the model is informed by the advice of Taylor (1994)that in order to increased growth, cost-oriented anti-inflation programs have to be accompanied by increased transfers from abroad. Recursive relationship exists between economic growth and tax revenue accruable to the government.
Betting control and licensing board was established by an act of parliament in 1966 which is enshrined in chapter 131 of the Kenyan constitution. Gambling is a behavior that is out of control and interrupts individual, family and society in general. About 50% of Kenyan GDP is sourced from the government revenue of which betting companies pays a reasonable amount; also they pay relevant statutory fees. Much of this increased revenue is used for educational and social purposes such as advanced health and welfare. Account should be taken on the impact of gambling.