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Author: Milka Munepapa
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The main objective of the study was to investigate the impact of financial deepening on economic growth with specific reference to the Namibian economy. The study utilized quarterly time series data from 2004 to 2019. The paper used the ratio of money supply as percentage of gross domestic product, domestic credit to private sector as percentage of gross domestic product, and bank liquid reserves to asset ratio as proxies for financial deepening, whereas gross domestic product represented economic growth. The data were tested for unit root, where stationarity outcomes indicate that the variables were integrated of order zero (I(0)) and order one (I(1)). In that light, the study conducted a cointegration test using Wald test to determine the long-run relationship between financial deepening and economic growth. The Wald test results reveal the presence of long-run relationship between the financial deepening variables and real gross domestic product. Further, the study employed autoregressive distributed lag error correction model to estimate the dynamics of the financial deepening variable to the study. Additionally, pairwise Granger causality test was applied to determine the direction of causality among financial proxies and gross domestic product. From the error correction model, the results show that the ratio of money supply as percentage of gross domestic product was significant to the model, although the impact is very minimal. Lastly, the findings did not indicate any Granger causality among financial deepening variables and economic growth in Namibia. Hence, apart from money supply, the study recommends policy makers to focus more on other indicators to boost economic growth in Namibia.
Author: Milka Munepapa
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The main objective of the study was to investigate the impact of financial deepening on economic growth with specific reference to the Namibian economy. The study utilized quarterly time series data from 2004 to 2019. The paper used the ratio of money supply as percentage of gross domestic product, domestic credit to private sector as percentage of gross domestic product, and bank liquid reserves to asset ratio as proxies for financial deepening, whereas gross domestic product represented economic growth. The data were tested for unit root, where stationarity outcomes indicate that the variables were integrated of order zero (I(0)) and order one (I(1)). In that light, the study conducted a cointegration test using Wald test to determine the long-run relationship between financial deepening and economic growth. The Wald test results reveal the presence of long-run relationship between the financial deepening variables and real gross domestic product. Further, the study employed autoregressive distributed lag error correction model to estimate the dynamics of the financial deepening variable to the study. Additionally, pairwise Granger causality test was applied to determine the direction of causality among financial proxies and gross domestic product. From the error correction model, the results show that the ratio of money supply as percentage of gross domestic product was significant to the model, although the impact is very minimal. Lastly, the findings did not indicate any Granger causality among financial deepening variables and economic growth in Namibia. Hence, apart from money supply, the study recommends policy makers to focus more on other indicators to boost economic growth in Namibia.
Author: Sylvia Kinyondo
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 112
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Book Description
Author: Kennedy Kolulyolomwene Johannes
Publisher:
ISBN:
Category : Banks and banking|zNamibia
Languages : en
Pages : 0
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Book Description
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.
Author: Postrick Mushendami
Publisher: LAP Lambert Academic Publishing
ISBN: 9783838384078
Category :
Languages : en
Pages : 68
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Book Description
The financial sector in Namibia is well developed and offers a wide range of services. This assertion can be supported by the ratio of broad money supply (M2) and the private sector credit to gross domestic product (GDP), which stood at 43 and 40 per cent respectively in 2004. Despite the observed level of financial sector development, real economic growth remained low, growing at 3 per cent on average during the past 12 years. This tend to suggest that there might not be a strong long run link between finance and economic output. This book therefore examines whether there is a long run relationship between financial development and economic growth in Namibia and hence determine the direction of causality. The book employs a two step Engle-Granger method of Cointegration; and a Granger Causality Test. Moreover, the book explores the history of banking in Namibia. The book is intended for undergraduate and graduate students of monetary, financial, macroeconomics and practitioners as well.
Author: Postrick Lifa Mushendami
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 118
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Book Description
Author: Abel Ndafetwa Sindano
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 88
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Author: Maria Ndahambelela Ananias
Publisher:
ISBN:
Category : Transport infrastructure|zNamibia
Languages : en
Pages : 0
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Book Description
The main objective of the study was to measure the impact of transport infrastructure development on economic growth in Namibia for the period, 1990-2019. The Vector Error Correction Model (VECM) was adopted in achieving the objectives of the study. The annual time series data was sourced from the World Bank Database and the Ministry of Finance. The unit root test was used to determine the order of integration, whilst the Johansen cointegration test was used to test for the existence of the long run relationship.The unit root test revealed that all the variables are integrated of order one. This warranted the estimation of the VECM which requires all the variables to be integrated of the same order. The Johansen cointegration test revealed a long run relationship amongst the variables, as it was confirmed by both the Trace and Maximum Eigen test statistic. The vector error correction provided both short and long run estimates. The findings revealed a negative long run relationship between expenditure on transport and gross domestic product. On the contrary, the short run estimates revealed a positive relationship between expenditure on transport and gross domestic product in Namibia. However, the relationship is statistically insignificant.
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: Grace Kashima
Publisher:
ISBN:
Category : Development, Economic
Languages : en
Pages : 148
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Book Description
Author: Chandana Kularatne
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 43
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Book Description
