{"id":"https://openalex.org/W7224675715","doi":"https://doi.org/10.1080/23322039.2026.2746217","title":"Building finance, sectoral bias, and housing stock accumulation in Kenya, a nonlinear ARDL analysis","display_name":"Building finance, sectoral bias, and housing stock accumulation in Kenya, a nonlinear ARDL analysis","publication_year":2026,"publication_date":"2026-10-29","ids":{"openalex":"https://openalex.org/W7224675715","doi":"https://doi.org/10.1080/23322039.2026.2746217"},"language":"en","primary_location":{"id":"doi:10.1080/23322039.2026.2746217","doi":"https://doi.org/10.1080/23322039.2026.2746217","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2026.2746217","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2026.2746217?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2026.2746217?needAccess=true","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058321096","display_name":"Hilary Mati Kilonzo","orcid":"https://orcid.org/0009-0009-1046-6326","observed_orcids":["https://orcid.org/0009-0009-1046-6326"]},"institutions":[{"id":"https://openalex.org/I12859529","display_name":"University of Nairobi","ror":"https://ror.org/02y9nww90","country_code":"KE","type":"education","lineage":["https://openalex.org/I12859529"]}],"countries":["KE"],"is_corresponding":true,"raw_author_name":"Hilary Mati Kilonzo","raw_affiliation_strings":["Department of economics, University of Nairobi"],"raw_orcid":"https://orcid.org/0009-0009-1046-6326","affiliations":[{"raw_affiliation_string":"Department of economics, University of Nairobi","institution_ids":["https://openalex.org/I12859529"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5026895311","display_name":"Moses Kinyanjui Muriithi","orcid":"https://orcid.org/0000-0003-3289-0039","observed_orcids":["https://orcid.org/0000-0003-3289-0039"]},"institutions":[{"id":"https://openalex.org/I12859529","display_name":"University of Nairobi","ror":"https://ror.org/02y9nww90","country_code":"KE","type":"education","lineage":["https://openalex.org/I12859529"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Moses Muriithi","raw_affiliation_strings":["Department of economics, University of Nairobi"],"raw_orcid":"https://orcid.org/0000-0003-3289-0039","affiliations":[{"raw_affiliation_string":"Department of economics, University of Nairobi","institution_ids":["https://openalex.org/I12859529"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5032211890","display_name":"Benedicto Onkoba Ongeri","orcid":"https://orcid.org/0000-0002-2461-2023","observed_orcids":["https://orcid.org/0000-0002-2461-2023"]},"institutions":[{"id":"https://openalex.org/I12859529","display_name":"University of Nairobi","ror":"https://ror.org/02y9nww90","country_code":"KE","type":"education","lineage":["https://openalex.org/I12859529"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Benedicto Onkoba Ongeri","raw_affiliation_strings":["Department of economics, University of Nairobi"],"raw_orcid":"https://orcid.org/0000-0002-2461-2023","affiliations":[{"raw_affiliation_string":"Department of economics, University of Nairobi","institution_ids":["https://openalex.org/I12859529"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5058321096"],"corresponding_institution_ids":["https://openalex.org/I12859529"],"apc_list":{"value":950,"currency":"GBP","value_usd":1165},"apc_paid":{"value":950,"currency":"GBP","value_usd":1165},"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.87718101,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"14","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9390000104904175,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9390000104904175,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.029200000688433647,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.012600000016391277,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/building-finance","display_name":"building finance","score":0.9980000257492065},{"id":"https://openalex.org/keywords/housing-finance","display_name":"housing finance","score":0.6019999980926514},{"id":"https://openalex.org/keywords/nonlinear-ardl","display_name":"nonlinear ARDL","score":0.6290000081062317},{"id":"https://openalex.org/keywords/kenya","display_name":"Kenya","score":0.4099999964237213}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7960000038146973},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6468999981880188},{"id":"https://openalex.org/C158622935","wikidata":"https://www.wikidata.org/wiki/Q660848","display_name":"Nonlinear system","level":2,"score":0.4593999981880188},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.45750001072883606},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.44040000438690186},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3547999858856201},{"id":"https://openalex.org/C2984755018","wikidata":"https://www.wikidata.org/wiki/Q17118374","display_name":"Nonlinear model","level":3,"score":0.336899995803833},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.33239999413490295},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.2824999988079071},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.25679999589920044},{"id":"https://openalex.org/C2781138619","wikidata":"https://www.wikidata.org/wiki/Q5570846","display_name":"Global imbalances","level":4,"score":0.2508000135421753}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/23322039.2026.2746217","doi":"https://doi.org/10.1080/23322039.2026.2746217","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2026.2746217","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2026.2746217?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:9e53f99c2fb844659c184617b8524b07","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/9e53f99c2fb844659c184617b8524b07","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cogent Economics & Finance, Vol 14, Iss 1 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1080/23322039.2026.2746217","doi":"https://doi.org/10.1080/23322039.2026.2746217","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2026.2746217","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2026.2746217?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Sustainable cities and communities","id":"https://metadata.un.org/sdg/11","score":0.5142999887466431}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7224675715.pdf","grobid_xml":"https://content.openalex.org/works/W7224675715.grobid-xml"},"referenced_works_count":62,"referenced_works":["https://openalex.org/W953353200","https://openalex.org/W1482278439","https://openalex.org/W1528672344","https://openalex.org/W1576177147","https://openalex.org/W1939526929","https://openalex.org/W1958096546","https://openalex.org/W1966005440","https://openalex.org/W1966910378","https://openalex.org/W1979575715","https://openalex.org/W1986666092","https://openalex.org/W1991099978","https://openalex.org/W1994045802","https://openalex.org/W2011755079","https://openalex.org/W2016966976","https://openalex.org/W2019644064","https://openalex.org/W2040043449","https://openalex.org/W2044800679","https://openalex.org/W2049743915","https://openalex.org/W2074812030","https://openalex.org/W2085925457","https://openalex.org/W2096734231","https://openalex.org/W2117178635","https://openalex.org/W2118234389","https://openalex.org/W2119088054","https://openalex.org/W2137696882","https://openalex.org/W2142635246","https://openalex.org/W2146855196","https://openalex.org/W2305197558","https://openalex.org/W2757221973","https://openalex.org/W2791419514","https://openalex.org/W2805729121","https://openalex.org/W2933454752","https://openalex.org/W2948343397","https://openalex.org/W3028877772","https://openalex.org/W3034875858","https://openalex.org/W3089530840","https://openalex.org/W3111294259","https://openalex.org/W3121890145","https://openalex.org/W3122049385","https://openalex.org/W3123005743","https://openalex.org/W3124662040","https://openalex.org/W3125826439","https://openalex.org/W3135824981","https://openalex.org/W3213385626","https://openalex.org/W4213215045","https://openalex.org/W4226299490","https://openalex.org/W4233620411","https://openalex.org/W4293214463","https://openalex.org/W4361008050","https://openalex.org/W4382137186","https://openalex.org/W4385874534","https://openalex.org/W4388826304","https://openalex.org/W4400173496","https://openalex.org/W4406398341","https://openalex.org/W4406615835","https://openalex.org/W4408125420","https://openalex.org/W4409456201","https://openalex.org/W4410167212","https://openalex.org/W4410446739","https://openalex.org/W4414068385","https://openalex.org/W4415483338","https://openalex.org/W4416695292"],"related_works":["https://openalex.org/W7163221993","https://openalex.org/W2787452980","https://openalex.org/W2259410814","https://openalex.org/W2737053308","https://openalex.org/W263878989","https://openalex.org/W2645553718","https://openalex.org/W2182302966","https://openalex.org/W3124453471","https://openalex.org/W2257785047","https://openalex.org/W7035054533"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"whether":[3,62],"Kenya\u2019s":[4],"building":[5,18,29,32,44,107,125,137,172],"finance":[6,30,64,108,126,138,173],"is":[7,65,72,134,139,158],"subject":[8],"to":[9,42,56,87,89,127],"sectoral":[10,132],"bias-flowing":[11],"disproportionately":[12],"toward":[13],"non-residential":[14,116,145],"rather":[15],"than":[16],"residential":[17,68,112,152,183],"stock,":[19],"and":[20,31,48,102,115,165],"what":[21],"this":[22,63],"implies":[23],"for":[24,99],"the":[25,43,50,59,76,191,197],"long-run":[26],"relationship":[27],"between":[28,46,111],"stock":[33,114,146,156,185],"accumulation.":[34],"Despite":[35],"an":[36],"increase":[37],"in":[38,144,175],"credit":[39,194],"proportions":[40],"going":[41],"sector":[45],"2010":[47],"2023,":[49],"country\u2019s":[51],"housing":[52,69,113,129,153,184,198],"deficit":[53],"has":[54,177],"continued":[55],"widen,":[57],"raising":[58,187],"question":[60],"of":[61,106,124,193],"actually":[66],"reaching":[67],"supply":[70],"or":[71],"instead":[73,159],"absorbed":[74],"by":[75,162],"commercial":[77],"real":[78],"estate":[79],"sector.":[80,199],"We":[81],"use":[82],"annual":[83],"data":[84],"from":[85],"1970":[86],"2024":[88],"estimate":[90],"a":[91,121],"non-linear":[92],"autoregressive":[93],"distributed":[94],"lag":[95],"framework":[96],"that":[97,171],"allows":[98],"asymmetric":[100],"short":[101],"long":[103],"run":[104],"effects":[105],"while":[109],"distinguishing":[110],"stock.":[117,130,154],"The":[118,168],"results":[119],"show":[120],"limited":[122,179],"transmission":[123],"physical":[128],"A":[131],"asymmetry":[133],"observed,":[135],"where":[136],"associated":[140],"with":[141],"short-run":[142],"adjustments":[143],"but":[147],"no":[148],"significant":[149],"effect":[150,181],"on":[151,182],"Residential":[155],"accumulation":[157],"driven":[160],"primarily":[161],"income":[163],"growth":[164],"construction":[166],"costs.":[167],"findings":[169],"suggest":[170],"deepening":[174],"Kenya":[176],"had":[178],"sustained":[180],"expansion,":[186],"important":[188],"questions":[189],"about":[190],"structure":[192],"allocation":[195],"within":[196]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-10-30T00:00:00"}