Effects of Fiscal Policy on the Performance of Real Estate Industry in Kenya
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This study mainly sought to investigate the effect of fiscal policy on theperformance of real estate industry in Kenya. The study obtained time series data from the Central bank website and Kenya national bureau of statistics for forty quaters spanning from 2008Q1 to 2017Q4. The study employed a multiple regression analysis using E-views 10 software to determine the influence of these variables on the performance of the real estate industry in Kenya. All the variables were found to be normally distributed and stationery at first difference with absence of econometric problems.Therewere no cointergrating variables in the model.The results of multiple regression analysis indicated that taxation and government expenditure had a positive and significant effect on the performance of the real estate industry while public debt was statistically not significant andhad a negative effect on the real estate performance.Based on the findings,the study recommends that policies that are pro-government expenditure in housing/community development should be supported.
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