Abstract
This study investigated the determinants of public investment in Namibia. Time-series techniques such as unit root test, cointegration, and Autoregressive Distributed Lag (ARDL) approach were applied on quarterly data for the period 1990: Q1 to 2017: Q4. The results based on the unit root test showed that the variables are integrated of order zero and one, meaning that they are stationary in a level and first difference. The empirical results showed that real interest rate, unemployment rate, and real GDP are significant in explaining the percentage of public investment to GDP. Whereas, inflation and foreign direct investment are insignificant in explaining the percentage of public investment to GDP. The real gross domestic products lag 4 as well as unemployment rate lag 4 were all found to be significant in explaining the percentage of public investment to GDP in Namibia. The results also indicated that there is a negative relationship between unemployment and the percentage of public investment to GDP. In this regard, the study recommends that it would be a good idea to include investment policy incentives as part and parcel of the strategies that are used in the promotion of the country’s public investments.
NGENOKESHO, K (2021). An Investigation Of The Determinants Of Public Investments In Namibia. Afribary. Retrieved from https://afribary.com/works/an-investigation-of-the-determinants-of-public-investments-in-namibia
NGENOKESHO, KASHILIMONIKA "An Investigation Of The Determinants Of Public Investments In Namibia" Afribary. Afribary, 27 Apr. 2021, https://afribary.com/works/an-investigation-of-the-determinants-of-public-investments-in-namibia. Accessed 28 Nov. 2024.
NGENOKESHO, KASHILIMONIKA . "An Investigation Of The Determinants Of Public Investments In Namibia". Afribary, Afribary, 27 Apr. 2021. Web. 28 Nov. 2024. < https://afribary.com/works/an-investigation-of-the-determinants-of-public-investments-in-namibia >.
NGENOKESHO, KASHILIMONIKA . "An Investigation Of The Determinants Of Public Investments In Namibia" Afribary (2021). Accessed November 28, 2024. https://afribary.com/works/an-investigation-of-the-determinants-of-public-investments-in-namibia