ABSTRACT Namibia depends mainly on tax revenue to finance the budget. This study evaluate the revenue productivity of Namibia’s overall tax system on the basis of estimates of tax buoyancy and tax elasticity, using the quarterly time series data for the period 2001 to 2014. Secondary data from ministry of finance was used in this study. Time series properties were tested using Dickey fuller (ADF) to test the existence of unit roots among the variables. The variables were found to be non-sta...
ABSTRACT The primary aim of this study is to analyse empirically the determinants of investments behaviour in Nigerian manufacturing industries based on
Abstract This study examined the causal relationship between Private Sector Credit Extension (PSCE) and Economic growth in Namibia. The study used the quarterly data covering the period from 2000:Q1-2017:Q4. The variables employed were Gross Domestic Product (GDP) growth, Private Sector Credit Extended, Broad Money Supply (M2) and lending rates. The study employed co-integration tests on different sets of variables used to examine long run relationship. Granger causality tests established the...
ABSTRACT The objectives of this paper are to: examine whether there is a long-run relationship between financial development and economic growth in Namibia and hence determine the direction of causality as well as the implications of such results for a financial sector policy- oriented growth in the economy. In order to test for the existence of long run relationship between the variables, the study employs a cointegration and error correction modeling (ECM) technique. The study uses quarterl...
ABSTRACT The study examines the relationship between private consumption expenditure and lending rate in Namibia, with the aim of highlighting the effect of lending rate as an important factor that determine the private consumption expenditure growth. The study is based on annual data covering the period from 1980 to 2011. The Unrestricted Vector Auto – regression Model (VECM) procedure was adopted. Two proxies for real wealth and real disposable income are used in the study. The results sh...
Abstract The study aims to empirically test the Ricardian Equivalence hypothesis in Namibia, using quarterly time-series data from 1991 quarter one to 2017 quarter four. The annual data was converted from annual to quarterly by using Eviews 10 software. Consumption function was used to test for Ricardian Equivalence Hypothesis by testing how government debt and tax affect consumption. Additional control variables such as inflation, government expenditure, population growth and income were inc...
ABSTRACT The objective of this study is to explore the main determinants of interest rate spread in Namibia's commercial banking industry using a panel data analysis of bank level data and time series analysis of macroeconomic data. The literature surveyed in this study suggests that the interest rate spread is influenced by several bank-specific, bankindustry, and macroeconomic variables. The data for the bank-specific model covered a sample period from the first quarter of 2004 to the last ...
Abstract Over the years, Namibia continue to experienced rapid growth of unemployment. The purpose of this study is to investigate the effects of government expenditure and money supply on unemployment in Namibia. The annual data employed in the study covered the period from 1980 to 2018. The study applied the ARDL or bound cointegration approach which is said to be more appropriate for the estimation of small sample studies and variable combination of the order of integration (I (0) and I (1...
ABSTRACT The study investigated the relationship between balance of payments and economic growth for Namibia using quarterly time series data over the period 1999q1to 2018q2. The variables used include real gross domestic product, balance of payments, real exports, real effective exchange rate, net foreign capital inflow and terms of trade. This study employed time series techniques such as unit root and cointegration. The Bounds co-integration analysis and Autoregressive Distributive Lag (AR...
ABSTRACT The main objective of the study was to investigate the relationship between gross domestic savings and the interest rate in Namibia. It should be pointed out that the interest rate was subsumed by the repo rate. This objective is divided into two sections, namely to investigate the short and long run relationship and to test for causality between the gross domestic savings and the repo rate. The study used annual time series for the period 1981 to 2017 to test for the relationship be...
ABSTRACT The study investigates the New Partnership for Africa’s Development (NEPAD). Although the initiative is quite new, many contributions have been made and many articles written about it. NEPAD is the latest initiative aimed at improving economic growth and development in Africa. It is a programme of the African Union (AU) and all member states of the AU are automatically members of the NEPAD programme. The other earlier initiatives such as the Lagos Plan of Action (1980), amongst oth...
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,...
ABSTRACT One of macro-economic theories suggests that there exists a causal relationship running from budget deficit to current account deficit, and this concept is referred to as the Twin Deficit Hypothesis. Previous studies on the twin deficit hypothesis generated mixed findings. Some of the studies supports the hypothesis while others do not. This study is aimed at analysing the relationship between budget deficit and current account deficit in Namibia, while taking into account interest a...
Abstract Stock prices are generally found to be very sensitive to specific changes in a number of variables. For instance, information that may be released into the market unexpectedly could cause a reaction in stock prices of firms trading on a stock exchange. This is especially true when such specific information is vital to the economy. When new information is released into the market, economic analysts might try to profit from it by taking advantage of the information asymmetry that may e...
Abstract The grant aim of this study was to assess the various factors that determinethe level of small scale household farmers’ offfarm income amongst grape farmers in Dodoma. Thestudy appliedthe Tobit econometric technique in investigating the factors that may explain the households’ decision on whether or not to participate in various off-farm income generating activities, using household data collected from grape farmers in Dodoma. Due to its failure in specification tests, the study ...