Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020

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dc.contributor.authorUtouh, Harold M.L.
dc.contributor.authorKitole, Felician Andrew
dc.date.accessioned2024-08-07T07:22:45Z
dc.date.available2024-08-07T07:22:45Z
dc.date.issued2023
dc.descriptionNil
dc.description.abstractThis paper examines and forecasts the impact of foreign direct investment (FDI) on industrialization and industrial performance in Tanzania by using World Bank data spanning 1960 to 2020. The admixture time series analysis of Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) has been extensively explored to provide accurate estimation. The need to examine FDI inflows is enormously based on domestic macroeconomic parameters that are stuck in many developing countries, including Tanzania, implying that FDI is necessary for growth and development now and in the future. According to the findings, FDI granger causes industrialization, and the more the sector thrives, the more granger causes FDI inflow. In the long run, FDI has a significant impact on Tanzanian industrialization growth, whereas the exchange rate (EXR) has a significant impact on industrialization growth in the short run. The study recommends the Bank of Tanzania to take appropriate measures to control poor-performing economic parameters such as the exchange rate, inflation, and the improvement of the money market in order to enhance capital availability and accessibility.
dc.description.sponsorshipPrivate
dc.identifier.citationAPA
dc.identifier.urihttps://doi.org/10.1080/13504851.2023.2211324
dc.identifier.urihttps://scholar.mzumbe.ac.tz/handle/123456789/1017
dc.language.isoen_US
dc.publisherApplied Economics Letters
dc.subjectforeign direct investment
dc.subjectvector error correction model
dc.subjectTanzania
dc.subjectvector autoregressive
dc.subjectIndustrialization
dc.subjectindustrialization and industrial performance in Tanzania
dc.subjectforeign direct investment (FDI)
dc.titleForeign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020
dc.typeArticle
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