THE IMPACT OF PUBLIC INVESTMENT ON ECONOMIC GROWTH IN NAMIBIA - EPRU - N. PDF Download

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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.