An in-depth analysis of Tanzania's export growth trajectory from 1992 to 2021
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Date
2024
Journal Title
Journal ISSN
Volume Title
Publisher
African Journal of Empirical Research
Abstract
This paper analyses Tanzania's export performance from 1992-2021. Exports remain an important aspect of earning foreign
currency. To ensure the country's robust economic growth, it is also imperative to increase export value. To analyse Tanzania's
export performance, time series data from the World Bank was used. The comparative advantage theory guided this study in
analysing export performance. Also, the ARIMA model was used to figure out the relationship between export, FDI, and nominal exchange rate, and the study revealed that export, Foreign Direct Investment (FDI) inflows, and exchange rates have a
relationship with export performance. The ARIMA model was used because of its effectiveness in forecasting and capturing
patterns, trends, and seasonality. This study is important because it examines the importance of FDI and exchange rates on export
performance. Furthermore, this study provides policymakers with actionable recommendations based on empirical evidence,
helping them make informed decisions regarding export promotion initiatives, particularly in creating a conducive environment
for FDI and the importance of managing nominal exchange rates. To stimulate the country's exports, governments s
Description
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Keywords
Tanzania's export growth trajectory, Tanzania's export performance from 1992-2021, ARIMA model, Foreign Direct Investment (FDI), ARIMA, Export, Appreciation, Depreciation, Economic Growth, FDI
Citation
APA