Balance Of Trade and Economic Growth in Uganda (1984-2014)
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Date
2017-02
Authors
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Publisher
Kampala International University, school of masters of economic policy and planning
Abstract
The study was set to investigate the relationship between trade balance and economic
growth rate of Uganda from 1984-2014. The objective was to determine the level of
balance of trade in Uganda from 1984-2014 (ii) to establish the level of economic
growth of Uganda from 1984-2014 and to establish the relationship between balance of
trade and economic growth of Uganda 1984-2014.
The study was a time series research that involved analysis of the historical data for the
Uganda balance of trade and economic growth rates for the year, 1984 to 2014. The
data was attained from the international monetary fund abstracts, World Bank reports
and World economic outlook. The data adopted a correlation design based on
quantitative research approach.
In conclusion, the study was successfully carried out and all the objectives fulfilled. The
first objective was accomplished where it was found that the level of balance of trade
was in deficit over the period of 31 years in Uganda though some improvements in
deficits were cited in some years. The level of economic growth of Uganda was both in
its highs and lows though some years experienced increases there is really a double
digit economic growth indicate seen. The researcher on the third objective established
that there was a closer relationship between the balance of trade and economic growth
of Uganda from 1984-2014. The level of relationship was found on all parameters used
for measurements
The researcher recommends that there is need to improve exports through establishing
export substitution industries in order to produce more exports. The government should
embark on industrialization, and modern technique of agricultural production since this
area can employ large population resulting into high productivity. The relationship was
found positive therefore there is need for supporting domestic investors that will be
able to reinvest their profits for further development.
Description
A Research Report Submitted To the College Of Economics and Management in Partial Fulfillment of the Requirements for Award of Masters of Economic Policy and Planning In Kampala International University
Keywords
Balance Of Trade and Economic Growth