Net export and economic growth in Burundi (2003 —2012)
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Date
2014-06
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Kampala International University, College of Economics and Management
Abstract
This thesis was based on net export and Gross Domestic Product (GDP) of Burundi. The research was guided by three objectives, that is, (i) to evaluate the level of net exports in Burundi from 2003 — 2012. (ii) To assess the level of economic growth in Burundi from 2003 to 2012.
(iii) To find out if there is a significant relationship between net exports and economic growth in Burundi from 2003 -2012.The study hypothesis was that there is no relationship between net export and GDP growth rates in Burundi (2003—2012)” Therefore time series analysis such Correlation and regression analysis were used in analyzing data. The study set to investigate the levels of net exports and GDP rates and finally the relationship between net exports and economic growth rate of Burundi. The results were that the level of net exports over the period of 10 years recorded a negative result (deficits) with the trend registering ups and downs were in some years the net export negative value was reduced. The prevalence of the negative net export in Burundi is associated to low levels of exports and high importation mainly due to low industrialization and the agricultural (raw material exports). The economic growth rate of
Burundi was poor with only single digit growth. Results indicate that the peak of the trend was in 2006, where the economy experienced the highest GDP rates, in 2003 1.2 deductions were generated.
Bivirate Pearson correlation indicates 0.166 level of significance. Since (0.05 <0.166) ,the researcher therefore accept the null hypothesis and conclude that there is no relationship between net export and gross domestic product in Burundi in the years 2003—20 12, the ANOVA test found out the value of F, 2.325 is larger than the value of significance, 166. Therefore, the null hypothesis is accepted confirming that there exist a relationship between GDP and net exports in Burundi during the period of 2003 -2012. Finally the analysis of coefficients of variance display the levels of significance as (.0571 and .166) respectively implying that null hypothesis is accepted and confirms that there exist no relationship between net export and GDP growth rate in Burundi from the year 2003 to 2012. The study therefore answered the question raised by concluding that there is no relationship between net export and GDP rates in Burundi in 2003 to 2012.
Description
A Research Report Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for Award of Bachelors of Economics and Applied Statistics of Kampala International University
Keywords
Net export, Economic growth, Burundi