Effect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya

Effect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya

Sudi Amani Mwasinago

Contact

Richard Siele

Contact

Thomas Agak

Contact

Effect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya

Article Fingerprint

ReserarchID

5491V

Effect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya Banner

AI TAKEAWAY

Connecting with the Eternal Ground

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%.

References

8 Cites in Article

Reference Format

G Marete (2018). Unlocking maritime sector potential.
(2011). Competition in Ports and Port Services.
(2008). Consultative workshop on port congestion in the PMAESA Region Nyali Beach hotel.
Song Panayide,P (2015). Maritime Logistics A guide to contemporary shipping and port management.
R Solow (1953). A Note on Price Level and Interest Rate in a Growth Model.
(2017). Review of Maritime Transport 2017.
(2019). Maritime transport.
(2019). Digital Data for Transport in Dar es Salaam.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Sudi Amani Mwasinago. 2021. \u201cEffect of Foreign Exchange Rate on Maritime Sector Performance in Enhancing Economic Growth in Kenya\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 21 (GJHSS Volume 21 Issue E4).

More Citation Formats

Select Citation Style:

Download Citation

GJHSS Volume 21 Issue E4

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

Not Found

Classification

GJHSS-E Classification FOR Code: 910103

Submission ReceivedApril 12, 2021
Peer Review Double Blind
Handling Editor
Accepted May 5, 2021
Published May 15, 2021

Version of record

v1.2

Issue date

August 24, 2021

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Views: 2075

Total Downloads: 962

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]