The Impact of Domestic Public and Private Investment on Economic Growth in Namibia PDF Download
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Author: Festus Tangeni Kandenge
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Festus Tangeni Kandenge
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
Get Book Here
Book Description
Author: Festus Tangeni Kandenge
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
Using the framework of an endogenous growth model, this study analyzes the impact of public and private investment on economic growth for Namibia over the 1970-2005 periods. The cointegration and error correction modeling approaches have been applied. The results suggest that both public and private investment, exports, imports, economic freedom, labor and human capital significantly and positively impact short and long term economic growth. In contrast, terms of trade and real exchange rate, on the other hand, are found to have a negative effect on short and long-term economic growth. The short-term dynamic behavior of this relationship has been investigated by estimating an error correction model in which the error correction term has been found to be statistically significant and with correct sign.
Author: John Ashipala
Publisher:
ISBN:
Category : Namibia
Languages : en
Pages : 76
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Book Description
Author: Hoster Bebi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
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Book Description
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1513513907
Category : Business & Economics
Languages : en
Pages : 106
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Book Description
This 2019 Article IV Consultation with Namibia discusses that with the temporary stimuli now ended, the economy is rebalancing while the government is implementing a significant fiscal consolidation. A likely slow recovery, the need for further fiscal adjustment to bring public debt to a sustainable path, persistent inequalities and structural impediments to growth, point to a challenging outlook. Immediate measures are needed to deliver the authorities’ fiscal adjustment plans and bring public debt to a sustainable path. Policies should combine spending reductions and revenue increases that support long-term growth. Better targeting of cash transfers would protect the poor. Structural reforms are urgently needed to strengthen productivity and external competitiveness and boost long-term growth. Reforms should streamline business regulations, contain public sector wage dynamics, and reduce costs of key production inputs. Over time, it is important to remove non-tariff barriers to exports, foster the adoption of new technologies, and address shortages of skilled workers.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Our disaggregated analysis indicates that the transport and agriculturural sectors are the largest-spending ministries in terms of public investment, whereas in terms of its composition, data disaggregated into Investment in furniture and office equipment, Investment in operational equipment and machinery, Investment in feasibility studies and The Impact of Public Investment on Economic Growth in. [...] Note here that unlike the individual firms who took K, the aggregate capital, as given, the planner recognises the contribution of each firm's The Impact of Public Investment on Economic Growth in Namibia 4 investment to aggregate capital stock and to the production of all firms in the economy, and therefore the planner internalises the spillover effect. [...] On the relationship between economic growth and the ability to travel, economic theory assumes that the further people are able to travel, the greater the economic activity and wealth of the society. [...] Given the importance of the sector and the government objectives of alleviating poverty, reducing inequality and increasing job opportunities, a reduction in the allocation of resources to the agriculture sector may delay the achievement of the government's objectives. [...] The Ministry of Mines and Energy is responsible for overseeing the development of the sector, with Nampower, the national utility, responsible for electricity distribution; and Namcor, the national oil company responsible for the promotion and development of the oil and gas resources.
Author:
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 164
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Book Description
Author: International Finance Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Since achieving independence in 1990, Namibia's remarkable growth has been fueled by foreign direct investment and enabled by prudent economic management. Since 2016, however, growth has declined steadily and the economy fell into recession, exposing the vulnerability of Namibia's economic growth model to external and climate shocks. These challenges were exacerbated by the Coronavirus (COVID-19) pandemic, an economic slowdown in neighboring South Africa, worsening terms of trade on the back of declining global demand and commodity prices, a decline in Southern African Customs Union (SACU) revenues, and the effects of crippling droughts on agricultural and industrial production. Namibia has very high levels of poverty and inequality, which are largely driven by high levels of unemployment. The primary objective of this Country Private Sector Diagnostic (CPSD) is to identify near and medium-term reform opportunities to revitalize the private sector and help reposition Namibia's growth on a green, resilient, and inclusive trajectory. This CPSD explores priority reform opportunities to address five cross-cutting bottlenecks: (1) enhancing the role and performance of the state-owned enterprise (SOE) sector through a more effective competition policy environment; (2) strengthening implementation of the public-private partnership (PPP) framework to expand private investments, especially in infrastructure; (3) leveraging the potential for digital transformation of the economy; (4) addressing inefficiencies in logistics and trade facilitation; and (5) tapping opportunities in the water sector for green and resilient growth. The diagnostic then looks in depth at three sectors prioritized by the Namibian government - renewable energy, climate-smart agribusiness, and housing, and provides recommendations for reducing sector-specific bottlenecks to stimulate growth potential.
Author:
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ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The responsiveness of GDP to an increase in public investment depends on the composition of public investment. [...] The Impact of Public Investment (GI) on GDP in Namibia Issue 05 This policy brief investigates the contribution of public investment to GDP, and analyses whether public investment encourages or deters private investment. [...] Furthermore, the Table indicates that after independence the government embarked upon the expansion of services affecting the bulk of the population as notable through investment in agriculture, education, transport and health. [...] The study's key objective was to investigate whether in the case of Namibia, SA and Botswana, public investment leads to an increase in private investment, and in turn, in GDP. [...] Policy Recommendations Confine public investment to goods that facilitate the smooth functioning of the market such as education, health, water and sewages, and transport and communication; Public investment should target strictly public goods which are non-excludable and non-rival; Public investment should target the provision of basic services where excludability may restrict access due to affor.
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451828450
Category :
Languages : en
Pages : 90
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Book Description
The recent uptrend in Namibia's current account surplus reflects an increase in public and private savings. Tighter domestic investment rules will not reduce capital outflows. The phasing and macroeconomic impact of regulatory changes requires careful scrutiny. Market-based incentives for investment repatriation are attractive. Namibia's non-renewable natural resource sector is a significant contributor to Namibia's economy and it is important to continue management of its mineral resources wisely. Faster growth in low-skill job opportunities and more flexible labor market institutions will help tackle unemployment in the short-term.
