INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
ASSESSMENT OF THE EXPENDITURE ON ROAD CONSTRUCTION AND ECONOMIC GROWTH IN TANZANIA
Authors Name:
Benjamin Tillya
, Dr. cairo Mwaitete , Rev Bikiombe Kachunga
Unique Id:
IJSDR2210036
Published In:
Volume 7 Issue 10, October-2022
Abstract:
The study sought to assess the expenditure on road construction and economic growth in Tanzania. The secondary data were obtained for the period of 31 years (1990-2020). This data was quantified and coded using descriptive and inferential statistics using STATA Version 13. Findings revealed that there is a significant relationship between expenditure on road construction, government spending, industry value-added, foreign direct investment, and economic growth whereby the value of R2 was 64.64 percent, which is a significant level to describe our model. This means that expenditure on road construction, government expenditures, manufacturing value-added, industry value-added, inflation, and foreign direct investment all have an impact on economic development. The entire value of R2 indicates the six independent variables, while with the remaining 35.36 percent explained by other factors hence results indicated that there is an insignificant relationship between Manufacturing Value Added, Inflation and Economic Growth. The researcher recommended that there is a need for the government to ensure the execution of policies that stimulate road construction spending to boost Tanzania's economic growth by providing a price policy, a perfect market, and financing facilities. Either, this study suggests a further in-depth investigation of the impact of road construction expenditure on Tanzanian economic growth.
Keywords:
Road, Construction, Expenditure, Economic Growth
Cite Article:
"ASSESSMENT OF THE EXPENDITURE ON ROAD CONSTRUCTION AND ECONOMIC GROWTH IN TANZANIA", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 10, page no.210 - 216, October-2022, Available :http://www.ijsdr.org/papers/IJSDR2210036.pdf
Downloads:
000337209
Publication Details:
Published Paper ID: IJSDR2210036
Registration ID:201968
Published In: Volume 7 Issue 10, October-2022
DOI (Digital Object Identifier):
Page No: 210 - 216
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
Facebook Twitter Instagram LinkedIn