Export-led growth in Zimbabwe from 1977 to 2022

Abstract

The study experimentally investigated the effects of exports on economic growth in Zimbabwe from 1977 to 2022. Other variables such as trade policy, foreign direct investment, exchange rates, inflation and a dummy were included in the empirical study. Estimations were made using time series data from the World Bank and ZIMSTAT. The Ordinary Least Squares (OLS) method was used in the investigation. The findings showed that exports and Foreign Direct Investment improves economic growth while Government Policy, exchange rates and inflation was found to be growth-retarding. By increasing exports, Zimbabwe's economy grows faster