Effect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya
Keywords:
maritime, labor productivity, generalized method of moments, Kenya
Abstract
Maritime transport remains backbone of globalized trade and manufacturing supply chain as more than 80 of world merchandise trade by volume is carried by sea Maritime transport in Kenya takes care of 90 of Kenya s international trade by volume The objective of this study was to establish effect of labor productivity on maritime sector performance in enhancing economic growth in Kenya Target population was Kenya Ports Authority and Kenya Ferry Services while Kenya Maritime Authority coordinated implementation of policies relating to maritime affairs The study was guided by the Solow growth model and the production theory The study adopted explanatory research design employing panel data using data on annual basis over the period 2000-2019 Simple Linear Regression and GMM Models were utilized Using STATA 13 0 and applying Simple Regression model results indicated that coefficient of foreign exchange rate was 3 5694 which was positive and significant at 5 level implying every one percent increase in coefficient of foreign exchange rate output increased by 3 5694
Downloads
- Article PDF
- TEI XML Kaleidoscope (download in zip)* (Beta by AI)
- Lens* NISO JATS XML (Beta by AI)
- HTML Kaleidoscope* (Beta by AI)
- DBK XML Kaleidoscope (download in zip)* (Beta by AI)
- LaTeX pdf Kaleidoscope* (Beta by AI)
- EPUB Kaleidoscope* (Beta by AI)
- MD Kaleidoscope* (Beta by AI)
- FO Kaleidoscope* (Beta by AI)
- BIB Kaleidoscope* (Beta by AI)
- LaTeX Kaleidoscope* (Beta by AI)
How to Cite
Published
2021-03-15
Issue
Section
License
Copyright (c) 2021 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.