Dr. Laban Chesang


Qualification Phd Economics
Title H.o.D & Senior Lecturer
Office Department of Economics, School of Business & Economics
Ext/Phone +254 20 2723002/3/4 Ext 244
Email lchesang@daystar.ac.ke
Duration 10 years at Daystar University



  • Dr. Laban Chesang joined Daystar University as full-time faculty member in 2008. He possesses extensive experience in university teaching and research in the field of Economics, and currently is the Head of Economics Department in the School of Business and Economics.
  • Prior to joining Daystar University, he has taught at Egerton University on part-time basis, as well as at the University of Pretoria while undertaking his PhD studies.
  • Dr. Chesang has also participated actively in local and international conferences. He has written and published in the broader field of applied macroeconomics, with bias in monetary theory and policy, fiscal policy and business cycles.
  • He has also been involved in collaborative research with the Kenya School of Monetary Studies (KSMS) Research Centre, in which, areas of research focus include public debt dynamics and money demand in Kenya.
  • He has further been involved in peer reviewing of research papers from various African institutions and journals including Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) and the South African Journal of Economics (SAJE).



  • Holds a PhD degree in Economics from University of Pretoria, South Africa. PhD thesis focused on using Dynamic Stochastic General Equilibrium (DSGE) model to analyze macroeconomic issues in monetary and fiscal policy, including the dynamic effects of targeted government spending.
  • Holds a Master of Arts (MA) degree in Economics from University of Botswana, in Botswana; under the African Economics Research Consortium (AERC) program. Specialized in monetary theory and policy as well as International Trade and Policy.
  • Holds a Bachelor of Arts (BA) degree with specialization in Economics, from Egerton University, Kenya.


Published Work

  1. Parameter uncertainty and inflation dynamics in a model with asymmetric central bank preferences. Economic Modelling Volume 56 August 2016, pp 1-10. (Joint work with Ruthira Naraidoo).
  1. Macro shocks and dynamics of stock prices at the Nairobi Securities Exchange (NSE): The role of exchange rate movement. Paper presented at 4th International Conference on HRM and Management of Organizations in Africa. 26th-28th August 2015, Daystar University.
  1. Estimating a stable money demand function for Kenya. Kenya School of Monetary Studies (KSMS) Working Paper Series, April 2015. (Joint work with Ndirangu, L., Kiptui, M.C, & Kariuki, E.)
  1. Public debt and its impact in financial markets in Kenya. Kenya School of Monetary Studies (KSMS) Working Paper Series, November 2014. (Joint work with Kiptui M.C. et al)
  1. Bank lending shocks, monetary policy and economic activity in South Africa: a Markov switching structural BVAR approach. Department of Economics Working Paper series. University of Pretoria, September 2013. (Joint work with Ruthira Naraidoo).
  1. Broad versus targeted government spending and fiscal response. Department of Economics Working paper series. University of Pretoria, October 2012. (Joint work with Ruthira Naraidoo).
  2. The long-run relationship between inflation and real stock prices: Empirical evidence from South Africa, Journal of Business Economics and Management 2012 Volume 13(4). (Joint work with R. Arjoon, M. Botes and R. Gupta).


Research Interest

Research interest is in the broader field of applied macroeconomics, including:

  1. Monetary Theory and Policy, and Fiscal Policy
  2. Business Cycles
  3. Macroeconomic Modelling and Time series analysis