Abstract
In 2012, the International Council on Mining and Metals (ICMM) proved that mineral exports can be an alternative for increasing exports for agrarian, low- and middle-income countries and that in the past two decades their contribution to total exports increased from 30 to 60%. Based on this theory, we use an econometric model and work with data techniques to test whether Rwanda maintained this pace from 1998 to 2014. Our results show that Rwanda did not manage to reach that level since she only averaged 29.1%. Our findings show that if mineral exports increase at 10%, total exports will increase at 7%. This implies that the Government of Rwanda needs to bring in a lot of reforms in the mining sector and take Botswana and Namibia as its role models.
International Council on Mining and Metals was formed in 2001 to catalyze improved performance and enhance the contribution of mining, minerals, and metals to sustainable development.
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Notes
- 1.
Société des Mines d’Etain du Ruanda-Urundi.
- 2.
Société Minière de Muhinga-Kigali.
- 3.
Régie d’Exploitation et de Développement des Mines.
- 4.
Less developed countries or developing nations with GDP less than US$5000 per capita.
- 5.
Goods with low levels of processing, diversification and raw materials.
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Mushimiyimana, E. (2017). An Assessment of the Contribution of Mineral Exports to Rwanda’s Total Exports. In: Heshmati, A. (eds) Studies on Economic Development and Growth in Selected African Countries. Frontiers in African Business Research. Springer, Singapore. https://doi.org/10.1007/978-981-10-4451-9_11
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DOI: https://doi.org/10.1007/978-981-10-4451-9_11
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