The Impact of Statutory Instrument (64) of 2016 on Exports Growth in Zimbabwe: Pre and Post 2016 (1985 -2018)
- Author
- Mbenene, Takudzwa. F
- Title
- The Impact of Statutory Instrument (64) of 2016 on Exports Growth in Zimbabwe: Pre and Post 2016 (1985 -2018)
- Abstract
-
The main aim of this study is to empirically examine the impacts of Statutory
Instrument 64 on exports growth in Zimbabwe from the period 1985 to 2018. The
research has been carried out since there has been a decline in exports and an increase
in imports since the late 1990s which is attributed to different government policies. To
find out the relationship between Statutory Instrument 64 and exports growth, OLS
(ordinary least squares) method was used and other explanatory variable like imports, foreign direct investment, gross domestic product, exchange rates and interest rates
were also included. The study uses time series data which was collected from
ZIMSTATS, WORLD BANK and the researcher used E-views 7 software for data
analysis. The results obtained from the analysis shows that the restrictions by the
SI64/2016 on imports has a significant and positive contribution to exports growth. The findings from the study also show that gross domestic product has a significant
and positive relationship to exports. Interest rates have a negative relationship with
exports while exchange rates do not have a significant relationship with exports. The
researcher goes on further to recommend the possible resolutions which can be done
to improve the performance of the exports. These resolutions include improving the
government taxes which will increase government revenue and offer subsidies to local
producers and exporters, trade policies which will improve government revenue
through increased exports and monetary policy which will reduce the interest rates
leading to increased credit assistance to manufacturers.” - Date
- 2023
- Publisher
- BUSE
- Keywords
- The Impact
- Statutory Instrument (64) of 2016
- Supervisor
- N/A
- Item sets
- Department of Economics
