Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Determinants of Economic Growth in Uganda.
Abolian Deborah Melody, Dr Ariyo Gracious Kazaara, Dr Arinaitwe Julius, Kamugisha Nelson
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 2, No. 4 |
| Published | 30 April 2023 |
| ISSN | 3006-4384 |
Abstract
This study set out to provide evidence on the determinants of economic growth in Uganda while using gross fixed capital formation, general government final consumption expenditure and population growth as proxy variables. Time series data for the period of 1982-2020 obtained from the World Development Indicators (2020) was used. With the aid of unit root tests and a multiple linear regression model, the findings showed that population growth was stationary at level while economic growth, gross fixed capital formation and general government final consumption expenditure were non stationary at level hence differenced to achieve stationary. It was empirically confirmed that gross fixed capital formation had a positive and significant effect on economic growth, government final consumption expenditure had a positive and non-significant effect on economic growth while population growth had a negative but significant effect on economic growth. For purposes of policy recommendation, reduction of interest rates, improvement in technological developments should be done to encourage investments. Furthermore, in order to reduce the everincreasing population, government should provide affordable education in order to keep the girl child in school thus reducing early marriages and child births.
Keywords
population growth rate
gross fixed capital information and government final
Cite This Article
Abolian Deborah Melody, Dr Ariyo Gracious Kazaara, Dr Arinaitwe Julius & Kamugisha Nelson (2023). Determinants of Economic Growth in Uganda. Metropolitan Journal of Academic Multidisciplinary Research, 2(4). https://journals.miu.ac.ug/pages/article.php?article_id=830
More in This Issue
View full issue →
1
An Assesment of the Impact of Media on Conflict Management in Uganda: A Case Study of Radio Simba 97.3 Station
media and conflict management
2
Analysis of the Effect of Gender_based Violence on the Children Welfare: A Case Study of Bududa District
gender-based violence and children welfare
3
Assessment of the Effect of Workplace Conflict on Employees’ Performance and Organizational Productivity, a Case Study of Tororo General Hospital
workplace conflict
employees’ performance and organizational productivity
4
Assessment of the Impact of Political Environment on the Performance of Journalist in Uganda, a Case Study of Ntv Uganda.
political environment and performance of journalist
5
Astudy on the Impact of Workplace Conflict on Employee Productivity in Organization. Acase of Nytil Uganda Limited
workplace conflict and employee productivity