| dc.description.abstract | In the recent past, remittances have grown rapidly to form a significant component of foreign
inflows to Kenya. Concurrently, there has been a prolific increase in the number of studies analyzing the
behavioral patterns of remittances in Kenya. However, very limited work has been devoted to analyzing
the impact of remittances on investment in Kenya . This study therefore sought to establish the impact of
remittances on private investment in Kenya. Further, the study attempted to establish how financial sector
development influences the effect of remittances on private investment in Kenya. The paper found a
positive and statistically significant relationship between remittances and investment in Kenya. Moreover,
the coefficient on the interaction coefficient between remittances and fmanciaI sector development was
found to be positive and statistically significant. This result suggests that remittances can complement the
allocation of capital by credit markets to private investment activities in Kenya. | en_US |
