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All Journal International Journal of Business, Technology, and Organizational Behavior (IJBTOB) IJEFSD
Musyoka, Julia Mwende
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Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Library & Information Science Social Sciences

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Innovation, Technology and Economic Growth, Do Patent Rights and Technology Exports Influence Economic Growth in Kenya? Ogero, Titus Mosoti; Musyoka, Julia mwende
International Journal on Economics, Finance and Sustainable Development Vol. 3 No. 9 (2021): IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v3i9.2135

Abstract

This paper seeks to determine the link between patent protection, technology and the rate of economic growth in the period 1990-2018 using Romer’s model of endogenous growth and Neoclassical model of economic growth. Least squares is used to check for significance of innovation and technology in influencing economic growth. The results show that, innovation (patent rights) and technology (manufactured and high technology exports) are positively important in determining the rate of economic growth in Kenya. From the results, this paper recommends that there is need for government to encourage innovation through providing patent rights as a means of enhancing economic growth through innovation in new methods and technologies in production and service offering. As well, the government should embrace technology as means of expanding on returns to scale on resources, hence, economic growth.
Gross domestic savings: what influences it's growth in Kenya? Musyoka, Julia Mwende; Ogero, Titus Mosoti
International Journal of Business, Technology and Organizational Behavior (IJBTOB) Vol. 1 No. 6 (2021): International Journal of Business, Technology, and Organizational Behavior (IJB
Publisher : Garuda Prestasi Nusantara Consulting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52218/ijbtob.v1i6.148

Abstract

The study investigates the factors influencing gross domestic saving growth in Kenya during the period 1989 – 2018 using the McKinnon-Shaw Hypothesis. Ordinary least squares is employed to test for significance of individual parameters which may influence the level of gross domestic savings growth. The results indicate that gross domestic product growth rate, inflation rate and lending interest rate are significant in determining the growth in gross domestic saving. Capital formation was insignificant in influencing the growth in gross domestic saving. The results indicate the need for the government to enhance the prospects of economic growth which will lead to rise in domestic savings. The Central Bank of Kenya, as well, to set lending interest at a rate that encourages saving.
Co-Authors Ogero, Titus Mosoti