Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020
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| Lenguaje: | en_US |
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Applied Economics Letters
2024
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| Acceso en línea: | https://doi.org/10.1080/13504851.2023.2211324 https://scholar.mzumbe.ac.tz/handle/123456789/1017 |
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| _version_ | 1820347764142243840 |
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| author | Utouh, Harold M.L. Kitole, Felician Andrew |
| author_facet | Utouh, Harold M.L. Kitole, Felician Andrew |
| author_sort | Utouh, Harold M.L. |
| collection | DSpace |
| description | Nil |
| format | Article |
| id | oai:41.59.85.69:123456789-1017 |
| institution | Mzumbe University |
| language | en_US |
| publishDate | 2024 |
| publisher | Applied Economics Letters |
| record_format | dspace |
| spelling | oai:41.59.85.69:123456789-10172024-08-07T07:22:48Z Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 Utouh, Harold M.L. Kitole, Felician Andrew foreign direct investment vector error correction model Tanzania vector autoregressive Industrialization industrialization and industrial performance in Tanzania foreign direct investment (FDI) Nil This 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. Private 2024-08-07T07:22:45Z 2024-08-07T07:22:45Z 2023 Article APA https://doi.org/10.1080/13504851.2023.2211324 https://scholar.mzumbe.ac.tz/handle/123456789/1017 en_US application/pdf Applied Economics Letters |
| spellingShingle | foreign direct investment vector error correction model Tanzania vector autoregressive Industrialization industrialization and industrial performance in Tanzania foreign direct investment (FDI) Utouh, Harold M.L. Kitole, Felician Andrew Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title | Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title_full | Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title_fullStr | Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title_full_unstemmed | Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title_short | Foreign direct investment and industrialization in Tanzania admixture time series forecast analysis 1960 - 2020 |
| title_sort | foreign direct investment and industrialization in tanzania admixture time series forecast analysis 1960 2020 |
| topic | foreign direct investment vector error correction model Tanzania vector autoregressive Industrialization industrialization and industrial performance in Tanzania foreign direct investment (FDI) |
| url | https://doi.org/10.1080/13504851.2023.2211324 https://scholar.mzumbe.ac.tz/handle/123456789/1017 |
| work_keys_str_mv | AT utouhharoldml foreigndirectinvestmentandindustrializationintanzaniaadmixturetimeseriesforecastanalysis19602020 AT kitolefelicianandrew foreigndirectinvestmentandindustrializationintanzaniaadmixturetimeseriesforecastanalysis19602020 |