THE IMPACT OF GOLD EXPORT REVENUE ON ECONOMIC GROWTH IN TANZANIA
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Abstract
This study investigates the impact of gold export revenue on economic growth in Tanzania using time series data from 1990 to 2020. The paper applies the Augmented Dickey Fuller test for unit root and a Vector Error Correction model to provide empirical evidence on the long- run relationship between gold export revenue and economic growth in Tanzania. Data evidenced that there is a positive and significant impact between gold export revenue and economic growth in Tanzania in the long-run not in the short-run. The analysis suggests that since gold export revenue has a significant positive impact the government should put more effort on skill and technology used in order to export more gold that have more value in the world market.
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