Causality between Agricultural exports and GDP and its implications for Tanzanian economy
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Date
2017
Authors
Journal Title
Journal ISSN
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Publisher
JEF
Abstract
This study examined the causality between agricultural exports and GDP in Tanzania. It employed secondary time series data from 1980 to 2010. The study found evidence in support of a long-run relationship between agricultural exports. Moreover, there is an evidence that agricultural exports Granger-cause GDP growth but not the other way round. Considering the relationship between the two macro-economic variables, the promotion of agricultural exports can be used as a tool to promote economic growth and development in Tanzania. Currently, agriculture sector is constrained by factors, such as poor mechanization, non-tariff barriers, poor infrastructure, poor productive capacity and lack of proper policies to promote agricultural exports. Tanzania can further improve its agricultural exports by improving them, and addressing the problems related to supply side factors, including productive capacities in order to foster robust economic growth and development in the country.
Description
Full text Article, Also available at https://smartlib.umri.ac.id/assets/uploads/files/4a604-d0806013649.pdf
Keywords
Granger-causality, Economic growth, GDP, Agricultural exports, Tanzanian economy, Causality
Citation
Alam, F., & Myovella, G. (2016). Causality between agricultural exports and GDP and its implications for Tanzanian economy. Journal of Economics, Finance and Accounting, 3(1), 1-18.