The Impact of Gold Export Revenue on Economic Growth in Tanzania

Publication Information

Journal Title: South Asian Law Review Journal
Author(s): Euphrasia Nchimani, Kennedy Wainyaragania & Anne Gongwe
Published On: 07/11/2022
Volume: 8
First Page: 169
Last Page: 181
ISSN: 2456-7531
Publisher: The Law Brigade Publisher

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Cite this Article

Euphrasia Nchimani, Kennedy Wainyaragania & Anne Gongwe, The Impact of Gold Export Revenue on Economic Growth in Tanzania, Volume 8, South Asian Law Review Journal, 169-181, Published on 07/11/2022, Available at https://salrj.thelawbrigade.com/articles/the-impact-of-gold-export-revenue-on-economic-growth-in-tanzania/

Abstract

This study investigates the impact of gold export revenue on economic growth in Tanzania using time series data from 1990 to 2020. The paper applies the Augmented Dickey Fuller test for unit root and a Vector Error Correction model to provide empirical evidence on the long-run relationship between gold export revenue and economic growth in Tanzania. Data evidenced that there is a positive and significant impact between gold export revenue and economic growth in Tanzania in the long-run not in the short-run. The analysis suggests that since gold export revenue has a significant positive impact the government should put more effort on skill and technology used in order to export more gold that have more value in the world market.

 

Keywords: Gold export revenue, Economic growth

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