The Contribution of the Logistics to the Economic Growth: Evidence from Tanzania (2007-2016)

Abstract

Logistics is one of the tools that play an important role in the change and improvement of economic indicators. Logistics industry provides significant macro contributions to national economy by creating employment, and creating national income and foreign investment influx. In this paper, I investigate the Contribution of Logistics to Economic Growth (GDP) Of Tanzania in the period from 2007 to 2016. For this, Simple Regression Model has been applied to estimate the Contribution of Logistics to Economic Growth (GDP) in Tanzania. From the recently available data from the World Bank, the Contribution Of Logistics to Economic Growth (GDP) is analyzed for the period of 2007 to 2016. The findings of the present study are quite interesting. The findings of the study reveals that Logistics has the positive relationship with Economic Growth (GDP) in Tanzania for the period of 2007 to 2016. Which means that Logistics had Significant Contribution to Economic Growth (GDP) Of Tanzania for the period of 2007 to 2016.