James Ochieng Babu
Lecturer, Department Of Economics, Egerton University, Kenya P.o. Box 536-20115, Egerton, Kenya
Does Public Debt Crowd-out Public Investment In East Africa Community?
Using an empirical model linking public debt to public investment, this study uses annual data from 1970-2010 and employs panel fixed-effects approach to estimate the effect of external and public debt, as a share of Gross Domestic Product (GDP), on public investment in East Africa Community (EAC). Levin-Lin-Chu test (LLC) and Engle-Granger approach were used to investigate the properties of

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