Abstract
This study makes use of ordinary least squares (OLS) technique in conjuction with
the cointegration and error correction models to determine factors influencing
investment in Namibia, using data for the period 1960-2006. The results suggest that
in the long run, real investment in Namibia is positively related to and influenced by
GDP and investment in uranium mines by Rossing during 1970s, while negatively
related to the prime lending rates and the inflation rates. In the short-run, investment
is positively influenced by three variables namely; real GDP, domestic savings and
prime lending rates. The study recommends a review of the administration of the
investment regime with the view to come up with a simpler and transparent regime.
It further recommends that quality of governance and property rights protection be
maintained to enhance investors’ confidence. Finally, recommendation is made for
further research incorporating issues of qualitative nature as raised in the limitation
of the study.
NGHIFENWA, F (2021). Factors Influencing Investment: A Case Study Of The Namibian Economy. Afribary. Retrieved from https://afribary.com/works/factors-influencing-investment-a-case-study-of-the-namibian-economy
NGHIFENWA, FESTUS "Factors Influencing Investment: A Case Study Of The Namibian Economy" Afribary. Afribary, 27 Apr. 2021, https://afribary.com/works/factors-influencing-investment-a-case-study-of-the-namibian-economy. Accessed 24 Nov. 2024.
NGHIFENWA, FESTUS . "Factors Influencing Investment: A Case Study Of The Namibian Economy". Afribary, Afribary, 27 Apr. 2021. Web. 24 Nov. 2024. < https://afribary.com/works/factors-influencing-investment-a-case-study-of-the-namibian-economy >.
NGHIFENWA, FESTUS . "Factors Influencing Investment: A Case Study Of The Namibian Economy" Afribary (2021). Accessed November 24, 2024. https://afribary.com/works/factors-influencing-investment-a-case-study-of-the-namibian-economy