Day: July 19, 2019

Manu Chandaria formalizes his marriage at AG Chambers after 64 years

19th July 2019

Manu Chandaria formalizes his marriage at AG Chambers after 64 years The renown businessman Manu Chandaria has formalized his marriage to Aruna Chandaria after 64 years of living together.  Kenyans on Twitter we even more impressed by the fact that Manu Chandaria budget for the wedding was even more impressive.  The Standard Newspaper reported that […]

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Economic growth vs economic development

19th July 2019

Economic growth vs economic development #PublicPolicySeries  Many people use interchangeably the terms economic growth and economic development. These are not synonyms and as a result, let me attempt to differentiate between the two.  Economic growth focuses largely on growth of Gross Domestic Product (GDP) whereas economic development focuses reducing inequality, unemployment and poverty.  The diagram […]

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Okun’s Law

19th July 2019

Okun’s Law There is an inverse relationship between Gross Domestic Product (GDP) growth and unemployment. To be specific according to Professor Okun’s original research, “a 3% increase in real GDP leads to a 1% point decrease in unemployment rate.”  The law was later updated to read, “a 2% output growth leads to a 1% decrease […]

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Twitter Stories: Wycliffe Oparanya’s son Ian graduates with 1st Class degree in Economics

19th July 2019

Twitter Stories: Wycliffe Oparanya’s son Ian graduates with 1st Class degree in Economics Kakamega County Governor Wycliffe Oparanya‘s son, Ian Oparanya, took to twitter to celebrate his graduation with a first class degree in Economics from University of Bradford in the United Kingdom (UK).  The graduation ceremonies took place on 16, 17 and 18 July […]

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5 Reasons why public finance is important

19th July 2019

5 Reasons why Public Finance is Important  1) For governments to provide public goods for instance, defense, street lighting, railways and roads makes it necessary to have public finance; 2) Public finance makes it possible to deal will spillovers as well as externalities such as pollution among others; 3) Income distribution through collection tax revenues […]

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