An investigation of the relationship between trade openness and economic growth in Namibia PDF Download
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Author: Florence M. Samundengu
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 230
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Author: Florence M. Samundengu
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 230
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Author: Sylvia Kinyondo
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 112
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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He finds that the higher the level of trade distortion and the greater the exchange rate variability for a country, the lower the rate of per capita GDP growth. [...] However, Dollar's measure of the lack of openness is proxied by the volatility of exchange rates but is criticised that it is more a measure of economic instability at large than of trade orientation alone and that the results for the trade distortion index are not robust to alternative specification of the growth equation (see Rodriques and Rodrik (1999) for a discussion). [...] The starting point of the JML is a VAR specification for an nx1 vector of I(1) variables, namely: Equation 1 tktktt uXAXAX +++= -- ...11μ where A1...Ak are the vector of parameters, the Xt-1...Xt-k are the lagged terms of the Xt variables in the VAR18 and ut is assumed to be an independently and identically distributed Gaussian process, i.e. [...] However, the application of this procedure to the first difference of the LOPEN series did reject the null hypothesis of the presence of a unit root. [...] We have used the trade intensity measure as a proxy for openness in this study to determine the long run relationship between the degree of openness (measured as the ratio of the sum of imports and exports in relation to GDP) and real GDP growth for Namibia.
Author: Daniel J. Motinga
Publisher:
ISBN:
Category : Namibia
Languages : en
Pages : 68
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Author: Karen K. Mangwendeza
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 170
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Author: Tjizomundu Kavetu
Publisher:
ISBN:
Category : Infrastructure development |zNamibia
Languages : en
Pages : 0
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Book Description
The study investigated the causal relationship between infrastructure development and economic growth in Namibia for the period Q11991- Q42020. Data used was sourced from the World Bank development indicators, Namibia Statistics Agency as well as COMSTAT and was converted to quarterly data using EViews. Time-series econometric techniques such as unit root, ARDL bound test as well as VAR framework has been used. The results of the ARDL bounds test revealed that there is a long run relationship between infrastructure development and economic growth. The vector error correction provided both short and long run estimates. The findings revealed a positive long run and short run relationship between infrastructure development and economic growth in Namibia. The study recommends that the Namibian government needs to increase infrastructure funding in Namibia, enforce monitoring and evaluation and promote Public Private Partnership (PPP).
Author: Ebrima K. Ceesay
Publisher: GRIN Verlag
ISBN: 3668649448
Category : Business & Economics
Languages : en
Pages : 40
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Research Paper (undergraduate) from the year 2017 in the subject Business economics - Trade and Distribution, grade: 76.0, University of The Gambia (University of the Gambia), course: Economics, language: English, abstract: The study examined the general impact of trade on economic growth in the Gambia from 1965 to 2016. Accordingly we have done three analyses in order to get appropriate answers to our research problems. We performed some econometric methods such as Augmented Dickey Fuller test, Johansen co-integration test and vector error correction model. The findings of the stationery test shows the present of unit root. The OLS regression results shows that import, interest rate, real effective exchange rate, and inflation are positively correlated with GDP, while export is negatively correlated with GDP. The result shows that GDP lag, import, and real effective exchange rate can not influence economic growth while export, interest rate, and inflation can highly influence economic growth of the Gambia, even though export negatively influence economic of the Gambia. This positive relationship suggests that the economy of the Gambia can potentially be expanded by means of trade, while the negative relationship means that it has no bearing on the economic growth of the Gambia, From the overall analysis, it is revealed that the variables included in the model have a 50% influence on economic growth while the remaining 50% constitute variables not included in the model. This implies that (a) Trade has an impact on economic growth of the Gambia. (b) Trade is a robust determinant of economic growth in the Gambia even though that there is still room for research on the impact of trade on economic growth in the Gambia. (c) The effect of trade and extent of the market on growth is a recurring issue in the world of economics. This study recommends that if the Gambia economic growth is to be increased, then policymakers should came up with strategies that encourage more imports, reduce interest rate, and maintain a stable exchange rate and inflation rate in the Gambia. The negative sign of export means policymakers should pay less attention to export.
Author: Rushalika Bahabwa
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 204
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Author: G. D. Kavaleka
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 0
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This paper investigates the nonlinear nexus between trade and economic growth at a country level against that of regional level using Namibia as a laboratory provoked by inconsistent, diverging and polarized evidence in antecedent literature. The study uses a multilayered approach to measure the impacts of trading with regional blocs on Namibia’s economic growth compared to that of trading as a sole country and the direction of causality between trade and growth. For country (regional) level analysis, annual time series (panel) data over 1980-2020 (2005-2020) was employed to assess the nonlinear relationship between trade and economic growth in the short and long term for Namibia and its regional blocs partners. The study employs the nonlinear ARDL (NARDL), which allows for a distinction between the effect of positive and negative shocks in the underlying policies. The Wald tests for robustness validity of asymmetric relations was applied. Findings reveals that increased exports are positively related to growth at all levels, while increased imports were found to be contributing to growth only at regional levels. When comparing country level results against regional results, findings show that Namibia benefits more in terms of exports when trading as a sole country. While, in terms of imports, Namibia benefits more by trading with regional blocs. Results show that negative shocks in exports have huge impact than positive shocks at country level, while at regional level, positive shocks have huge impact than negative shocks. Moreover, causality results reveal bidirectional causality between exports and economic growth as well as between exports and imports at regional and country level. To absorb Namibian exports towards accelerated growth benefits more value addition across the SADC, SACU and CMA and structural reforms fostering regional trade are recommended
Author: Kennedy Kolulyolomwene Johannes
Publisher:
ISBN:
Category : Banks and banking|zNamibia
Languages : en
Pages : 0
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This study aims to empirically investigate whether a long-run relationship exists between the development of the non-bank financial institutions (NBFIs) sector and economic growth in Namibia and to further determine the direction of causality thereof. The study uses time series quarterly data over the period 2001:Q1 to 2019:Q4 and utilizes the Autoregressive Distributed Lag (ARDL) model to examine the long-run relationship between the variables after having carried out the unit root test employing Kwiatkowski-Phillips-Schmidt-Shin (KPSS). The empirical results of the study show a positive significant relationship between NBFIs development and per capita growth standing for Namibia economic growth both in the long run and short run. This implies that the development of NBFIs can serve as an important locomotive for fostering economic growth in the Namibian context. Surprisingly, unlike majority of the finance-growth studies that support either the supply-leading or demand-following hypothesis, the Granger causality test of this study indicate that there exists no causal linkage between the two variables of interest, which is the development of NBFIs and economic growth. The study however found a bidirectional causal relationship between GDP and labour. The Cumulative Sum (CUSUM) and Cumulative Sum of Squares (CUSUMQ) test results confirmed the structural stability of the ARDL model. Policy makers are thus advised to consider promulgating laws aimed at developing the NBFI sector and those that encourages pension funds and other institutional investors to invest more in the domestic economy.
