Using a vector autoregressive approach on analysing the impact of regional trade on Tanzania economic growth

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dc.contributor.authorUtouh, H. M
dc.contributor.authorTile, A
dc.date.accessioned2024-08-07T07:23:47Z
dc.date.available2024-08-07T07:23:47Z
dc.date.issued2024
dc.descriptionNil
dc.description.abstractThe study focuses on examining the impact that regional trade has on Tanzania's economic growth, using data collected from 1960 to 2021. It also examines the causal relationship between merchandise imports and exports and their effects on Tanzania's GDP growth rate. To establish the causal relationship between merchandise imports and merchandise exports and their impact on GDP growth, a non-experimental research design was employed. The analysis was performed by employing Engle-Granger Cointegration, as it helps in ascertaining whether the variable exhibits long-run relationships. A Vector Auto-Regressive (VAR) model was also utilised, incorporating important macroeconomic variables such as merchandise import and merchandise export. The model's impulse responses are consistent with the gravity theory of trade. The findings indicate a positive relationship between the rates of merchandise import and export and the growth rate of GDP. Additionally, the lagged growth rate of GDP has an initial positive impact on GDP growth in the current year. The model's impulse responses are consistent with the gravity theory of economics. The findings show a direct correlation between merchandise import and export rates and GDP growth rates. The study therefore recommends that Tanzania's government should prioritise policy measures that promote exports and foster favourable conditions for imports, as these dynamics contribute to the country's GDP growth.
dc.description.sponsorshipPrivate
dc.identifier.citationAPA
dc.identifier.issne-ISSN 2734 – 3316
dc.identifier.issnp-ISSN 1597 – 9482
dc.identifier.urihttps://scholar.mzumbe.ac.tz/handle/123456789/1019
dc.language.isoen_US
dc.publisherInternational Journal of Development and Management Review
dc.subjectEngle-Granger Cointegration
dc.subjectmerchandise imports and exports
dc.subjectEngle granger cointegration test
dc.subjectmerchandize exports
dc.subjectmerchandize import
dc.subjectpairwise causality test
dc.subjectVector Auto-Regressive
dc.subjectThe Gravity Model
dc.subjectThe Comparative Advantage Theory
dc.subjectAugmented Dickey-Fuller (ADF) Test
dc.subjectPairwise Wise Granger Causality
dc.subjectVector Autoregressive Output
dc.titleUsing a vector autoregressive approach on analysing the impact of regional trade on Tanzania economic growth
dc.typeArticle
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