Determinants of export growth in Uganda (1991- 2o16)
Loading...
Date
2019-05
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics & management.
Abstract
Agriculture in Ugandan, accounts for about half of GDP, it contributes about 85% of exports, and employs 80% of the work force. Statistics show that the value of traditional exports remained minimal compared to the other sectors of the economy. This study examined factors affecting export performance in Uganda between 1991 and 2016. Secondary data were employed using time series to analyze the influence of macroeconomic factors such as Foreign Direct Investment (FDI), Real Exchange Rate (RER) and Terms of Trade (TOT). The study found out that real exchange rate foreign direct investment and terms of trade were significant to export performance. Gross Domestic Product was also found positively related to export growth. However, Inflation Rate was found negatively related to exports. The study concludes that improved export performances for both traditional and nontraditional exports, as well as to diversify export base of the country by formulating good trade policy, attract more Foreign Direct Investment, improve infrastructure and create good business environment. This study also recommended that Uganda’s economy must try to attract more foreign direct investment not only to improve its exports, but also to bring in foreign exchange, capital, technology & other important resources such as market knowledge.
Description
A research thesis submitted to the College of Higher Degrees and Research in partial fulfillment of the Award of a Master of Economics Policy and Planning of Kampala International University
Keywords
Determinants of export growth, Uganda