Analysis of the impact of monetary policy on economic growth in Namibia PDF Download
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Author: Grace Kashima
Publisher:
ISBN:
Category : Development, Economic
Languages : en
Pages : 148
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Book Description
Author: Grace Kashima
Publisher:
ISBN:
Category : Development, Economic
Languages : en
Pages : 148
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Author: Milka Munepapa
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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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: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451828349
Category : Business & Economics
Languages : en
Pages : 177
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This Recent Economic Developments and Selected Economic Issues paper provides a broad overview of the structure of Namibia’s economy. It provides a detailed discussion of the structure and evolution of the productive base, recent trends in investment and savings performance, fiscal policies, monetary issues and policies, and external sector developments. The paper provides an assessment of Namibia’s export performance and prospects for the future. The paper highlights that since independence in 1990, Namibia’s real GDP has expanded at an annual compound rate of 3.8 percent, or 0.9 percent in per capita terms.
Author: Mubusisi Mac Beath Mabuku
Publisher:
ISBN:
Category : Economics|zNamibia
Languages : en
Pages : 0
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This Dissertation is structured on three stand-alone objectives which investigated the effects of macroeconomic shocks on the Namibian economy between 1980 and 2018. Firstly, the study estimated the dynamic effects of fiscal policy shocks through the SVAR approach. IRFs results reveal that a positive spending shock immediately increases output and interest rates while decreasing inflation. A positive tax revenue shock increases inflation two years after impact while decreasing interest rates at impact. Secondly, the effects of external shocks were examined through the VAR technique. IRFs show that global output shock positively affects domestic output growth and interest rate, whereas the impact on inflation is negative immediately. A positive US monetary policy shock raises domestic interest rates and inflation while simultaneously exerting a negative influence on domestic economic growth. A positive oil price shock in the first period yields a decline in domestic GDP growth while raising the interest rate, albeit marginally. The impact on inflation is muted in the first year though it is negative beyond the second period. FEVDs reflect that domestic real GDP growth is significantly influenced by global output shocks whereas variations on both interest rate and inflation are explained largely by US monetary policy shock. Thirdly, it investigated the impacts of mineral commodity (copper and uranium) price shocks (positive and negative changes) on Namibia’s business cycles (real GDP). To determine cointegration and presence of asymmetric effects, a new stepwise-least squares NARDL model was adopted. Outcomes reveal a long-run cointegration among real GDP, commodity prices, investment and exports shares of GDP. Moreover, the study unveiled that both copper and uranium prices have asymmetric impacts on Namibia’s business cycle. Positive changes for both commodity prices have the greatest impact on real GDP than negative variations. ii The study recommends the following
Author: John Ashipala
Publisher:
ISBN:
Category : Namibia
Languages : en
Pages : 76
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Author: Elize Heyns
Publisher:
ISBN:
Category : Accounting|zNamibia
Languages : en
Pages : 0
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The purpose of the study was to analyse the effects of economic growth on the financial performance of Namibian listed companies and examine if the underlying effects are sector-specific. The measure used to assess the financial performance of selected sectors as identified on the NSX was the Return on Equity (ROE). The ROE was then regressed against the macroeconomic variables, including the gross domestic product percentage change (GDP % change) and the inflation rate percentage change as measured by the Consumer Price Index (CPI % change) annual percentage changes. The estimation procedure was performed on secondary data across eleven firms for the periods 2010 to 2020. Additionally, the study was conducted across three identified sectors, the first being, Banks, Finance & Credit Services, the second, Food Retailers and Wholesalers and lastly, Household Goods and Personal Goods. The findings support the hypothesis that economic growth positively affects the ROE of various firms. However, this effect differs in terms of magnitude across various industries. In the Household goods sector and the Food Retailers and Wholesalers sector, the ROE is significantly influenced by the CPI percentage change, more so than the GDP percentage change. Finally, the Banking sector indicated that their ROE is more sensitive to changes in the GDP percentage change than the CPI percentage change. To enhance the financial performance of companies listed on the Namibian Stock Exchange, the study recommends that policymakers ensure the economy is geared toward a sustainable growth path.
Author: Hoster Bebi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
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Book Description
Author: Alosia T. IItula
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 140
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Author: Albinus Indongo
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Stuart Yikona
Publisher: World Bank Publications
ISBN: 9780821388877
Category : Business & Economics
Languages : en
Pages : 118
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Book Description
Many developing countries have introduced policies to tackle ill-gotten money over the past years. Perception remains that such moves were more a result of international pressure being exercised than genuine ownership of such an agenda. There is not enough analysis and literature of how an anti-financial crime framework does (or does not) contribute to the development path of developing countries – or how best to use these tools in a developing country environment. This study was aimed at initially exploring the effects of ill-gotten money or proceeds of crime and anti-money laundering policies on economic development. The study focused on two developing countries: Malawi, (a low-income country) and Namibia (an upper-middle-income country). The starting point of this analysis is that anti-money laundering is essentially a tool to address criminal activities – and that, as a result, understanding criminal activities and how proceeds of crime impact development. The purpose of this study was: (i) to provide an initial answer to the question if and how measures to address proceeds of crime contributes to economic development; and (ii) to develop a framework that enable governments in developing countries to analyze the main sources of ill-gotten money and its effects on the economy.
