The Impact of Public Debt on Economic Growth: An Analysis of the Mediating Role of Inflation in Kenya
Kenya’s escalating public debt presents a dualistic impact on economic stability. This study analyzes the debt-growth relationship from 2000 to 2024 using an integrated econometric framework comprising Autoregressive Distributed Lag (ARDL), Vector Error Correction (VECM), and Structural Equation Modeling (SEM). The ana...