TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES
This study examines the impact of trade policy and performance of export manufacturing industries. It adopts time series data on a number of policy variables to determine their impacts on the manufacture exports as well as their significance or otherwise in stimulating export. The objectives are t...
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International Journal for research in Economics
2022
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| Online Access: | http://hdl.handle.net/20.500.12493/557 |
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| _version_ | 1800403076850384896 |
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| author | Nafiu, Lukman Abiodun Maiga, Issaka Hamadi |
| author_facet | Nafiu, Lukman Abiodun Maiga, Issaka Hamadi |
| author_sort | Nafiu, Lukman Abiodun |
| collection | KAB-DR |
| description | This study examines the impact of trade policy and performance of export manufacturing industries. It adopts
time series data on a number of policy variables to determine their impacts on the manufacture exports as well
as their significance or otherwise in stimulating export. The objectives are to (a) identify the major
determinants of manufacture exports; and (b) determine the causal relationship existing between manufacture
exports and trade policy - Openness, exchange rate, average tariff rates and capacity utilization. Empirical
analysis of the data from 1970 to 2014 using Vector autoregressive (VAR) model and granger co-integration
test have produced interesting results. Specifically, all the results have ultimately confirmed that there is,
indeed a significant relationship among manufacture exports, trade openness, exchange rate, average tariff
rates and capacity utilization. It is recommended that there should be urgent need to diversify the economy
away from single commodity oil; given the uncertainties in the world oil market, adopt policies that ensure
greater market access for the country’s manufacture exports as well as boosting their competitiveness at the
international market. These are achieved through the adoption of trade and exchange rate liberalization policies
that are devoid of control and regulations and lastly, policy option to moderate import liberalization in order to
reap the benefit of a positively related and significant exchange rate variable with manufacture exports within
the framework of market determined exchange rate. |
| format | Article |
| id | oai:idr.kab.ac.ug:20.500.12493-557 |
| institution | KAB-DR |
| publishDate | 2022 |
| publisher | International Journal for research in Economics |
| record_format | dspace |
| spelling | oai:idr.kab.ac.ug:20.500.12493-5572024-01-17T04:48:47Z TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES Nafiu, Lukman Abiodun Maiga, Issaka Hamadi Manufacture exports, Trade Policy, Vector autoregressive (VAR) model and Granger Cointegration test. This study examines the impact of trade policy and performance of export manufacturing industries. It adopts time series data on a number of policy variables to determine their impacts on the manufacture exports as well as their significance or otherwise in stimulating export. The objectives are to (a) identify the major determinants of manufacture exports; and (b) determine the causal relationship existing between manufacture exports and trade policy - Openness, exchange rate, average tariff rates and capacity utilization. Empirical analysis of the data from 1970 to 2014 using Vector autoregressive (VAR) model and granger co-integration test have produced interesting results. Specifically, all the results have ultimately confirmed that there is, indeed a significant relationship among manufacture exports, trade openness, exchange rate, average tariff rates and capacity utilization. It is recommended that there should be urgent need to diversify the economy away from single commodity oil; given the uncertainties in the world oil market, adopt policies that ensure greater market access for the country’s manufacture exports as well as boosting their competitiveness at the international market. These are achieved through the adoption of trade and exchange rate liberalization policies that are devoid of control and regulations and lastly, policy option to moderate import liberalization in order to reap the benefit of a positively related and significant exchange rate variable with manufacture exports within the framework of market determined exchange rate. Kabale University 2022-02-14T13:46:09Z 2022-02-14T13:46:09Z 2021 Article http://hdl.handle.net/20.500.12493/557 application/pdf International Journal for research in Economics |
| spellingShingle | Manufacture exports, Trade Policy, Vector autoregressive (VAR) model and Granger Cointegration test. Nafiu, Lukman Abiodun Maiga, Issaka Hamadi TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title | TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title_full | TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title_fullStr | TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title_full_unstemmed | TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title_short | TRADE POLICY AND PERFORMANCE OF EXPORT MANUFACTURING INDUSTRIES |
| title_sort | trade policy and performance of export manufacturing industries |
| topic | Manufacture exports, Trade Policy, Vector autoregressive (VAR) model and Granger Cointegration test. |
| url | http://hdl.handle.net/20.500.12493/557 |
| work_keys_str_mv | AT nafiulukmanabiodun tradepolicyandperformanceofexportmanufacturingindustries AT maigaissakahamadi tradepolicyandperformanceofexportmanufacturingindustries |