Disaggregated money supply and export competitiveness
A causal analysis using Tanzania's sectoral trade data
Bibliographic Data
| ID | 22203186 |
|---|---|
| Authors | Enock Mwakalila (0000-0002-4849-0446, Mzumbe University, corresponding author), Lusekelo Kasongwa (0000-0003-4122-3270, Mzumbe University), Seif Muba (Mzumbe University) |
| Year | 2025 |
| Volume | 12 |
| Pages | 101857 |
| Publication date | 2025-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Sciences & Humanities Open (JOURNAL) |
| Journal identifiers | ISSN: 2590-2911 • E-ISSN: 2590-2911 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.ssaho.2025.101857 |
| OpenAlex | W4412883074 |
| Language | EN |
| Citations received | 1 |
| References cited | 18 |
Export performance is crucial for Tanzania's macroeconomic development. However, the influence of different components of money supply on sectoral export competitiveness remains underexplored. and Contributions: This study aims to investigate the short-term and long-term effects of disaggregated monetary aggregates (M1, M2, M3) on the performance of traditional, mining, and manufacturing exports in Tanzania. It contributes to the literature by offering sector-specific evidence on monetary transmission, a gap in existing macro-financial studies. Quarterly data from 2003 to 2024 were sourced from the Bank of Tanzania. The Autoregressive Distributed Lag (ARDL) approach was used to estimate both short-run dynamics and long-run relationships, supported by unit root, cointegration, and diagnostic tests. M1 and M3 exhibit short-run negative associations with traditional exports, possibly reflecting inflationary and liquidity misallocation effects. M2 demonstrates a stronger long-run influence on manufacturing exports. These findings suggest that the impact of monetary policy differs by sector and aggregate type. Policymakers should adopt a more targeted approach in managing liquidity to avoid unintended distortions in trade performance
Business · Causal analysis · Econometrics · Economics · International economics · International trade · Tanzania · Global Financial Crisis and Policies · Global trade and economics · Monetary Policy and Economic Impact
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |