| dc.description.abstract | Economic development can generally refer to an increase in a country's ability to produce
goods and services identified by factors such as production, income and spending. Investment
in health in this way becomes a significant variable for economic growth or development
since investments in different components of health can lead to improved human capital.
Kenya has low investment in the health sector which may adversely affect economic
development. The purpose of this study was to explore the effect of investment in health on
the economic development in Kenya. The specific objectives were to investigate the effect of
public investment in health, private investment and investment in health by international nongovernmental organizations on the development of the economy of Kenya. A descriptive
research design was used in this study. Secondary time series data for 32 years (1985-2016)
was collected from Kenya National Bureau of Statistics (KNBS), Institute of Economic
Affairs (EIA), World Bank, Ministry of Finance and Ministry of Devolution and Planning.
Data analysis was conducted using Stata statistical software. VECM time series model was
fitted to the data. Augmented Dickey Fuller unit root test and Johansen test of cointegration
were conducted to ensure stationarity of the data. | en_US |
