Analysis of the influence of industrial policies to the economic development: evidence from Tanzania
Corresponding Author(s) : NUHU A. SANSA
American Journal of Economics and Business Management,
Vol. 3 No. 1 (2020): AJEBM
Abstract
Literature manifest that Tanzania industrial policies were not satisfactorily executed to realize the intended goals for economic development. With that regard the interrogation of the influence of industrial policies to economic development in Tanzania become the discourse. The contemporary study is undertaken to analyze the influence of industrial policies to economic development during the period from 1996 to 2015 in Tanzania. A Simple Regression model is employed to appraise the influence of industrial policies to economic development during the period from 1996 to 2015 in Tanzania. Facts of the study were gathered from the World Bank and Tanzania National Bureau Of Statistics for the period from 1996 to 2015. To probe the influence of industrial policies to economic development during the period from 1996 to 2015 in Tanzania, Industrial policies were represented by the economic openness as Independent variable and other macroeconomic variables (industrial registration, Gross Domestic Product (GDP）,employment, investment, import, export and revenue) as the dependent variables of the study. The information discovered from the probe were in actual fact absorbing. Findings of the study reveal that the correlation between economic openness and all macroeconomic variables (industrial registration, Gross Domestic Product (GDP), investment, import, export and revenue) is positive and meaningful Except to Employment. The correlation between economic openness and employment is negative and meaningless. The meaning is industrial policies had significant influence to all macroeconomic variables (industrial registration, Gross Domestic Product (GDP), investment, import, export and revenue) except Employment during the period from 1996 to 2015 in Tanzania.
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References
Kweka, .J. (2018). Monitoring Policies to support Industrialization In Tanzania. An update and Policy Recommendations. Supporting Economic Transformation.
Msami.J. and Wangwe.S. (2016). Industrial Development in Tanzania.Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia.
Wangwe .S. (2018). Industrialization for Inclusive development In Tanzania - Lessons from Experience. 2018 Annual Congress, Economic Society Of Tanzania. Bank Of Tanzania, 7th December, 2018.
Gussai. S, Bitrina. D.,and Hezron. M. (2018). Energy Policy for Industrialization: Tanzania’s big development challenge. GLOBAL DEV-Research that matters, Development that works.
Nyoni. S.T. (2006) The role and scope of industrialization in enhancing the impact of trade policy on poverty reduction in Tanzania. Paper Prepared for Presentation at “The Second National Dialogue on Trade, Development and Poverty (TDP) in Tanzania; Giraffe Oceanic View Hotel, Dar es Salaam - 24th November 2006 .
Tanzania Ministry of Industry and Trade Report, (2011). Integrated Industrial Development Strategy 2025 December 2011.
Wangwe.S., Mmari.D., Aikaeli.J.,Rutatina.N., Mboghoina.T., and Kinyondo.A. (2016). The Performance of the Manufacturing Sector in Tanzania: Challenges and the Way Forward.Working Paper No. 22 . Africa Growth Initiative-Africa Development Group, United Nations University.
Tanzania Industrial Competitiveness Report, (2012). United Nations Industrial Development Organization. Government Of the United Republic of Tanzania.
Aiginger. K. , (2014). Industrial Policy for a sustainable growth path. Policy Paper no. 13. Welfare Wealth Work. -WIFO.
Shapiro.H., (2007). Industrial Policy and Growth. DESA Working Paper No. 53, ST/ESA/2007/DWP/54.
Tanzania Bureau Of Statistics Report, (2018). Annual Survey of Industrial Production, 2016 Statistical Report. Ministry of Industry, Trade and Investment.
The Citizen Tanzania, (2018). Why TZ fails to industrialise despite multitude of policies.By The Citizen Reporter @TheCitizen.Tz news@thecitizen.co.tz.