May 2018

Institutions’ effect on households’ savings in Kenya: A ranked ordered multinomial/conditional probit model approach

Savings is a vital source of investment funds especially for developing economies. However, like in many developing countries, domestic savings in Kenya remain low. Hence, posing a significant development challenge. Household savings contribute a sizeable share of domestic and national savings in both industrial and developing countries. Households should not however, be considered as fully autonomous actors without the...

Author(s): Githinji Njenga, Susan M. Onuonga and Moses Muse Sichei