ABSTRACT
The study investigates the relationship between financial development and economic growth in Namibia. It employed an auto-regression distributive lag modelling approach on quarterly data for the period 1995 to 2014. The study used the following variables, namely: ratio of broad money supply to gross domestic product, real gross domestic product (GDP), saving and interest rate.
Firstly, the results of the unit root tests showed a combination of integration of order zero and one. Secondly, the results for co-integration revealed the existence of a long-run stable relationship among the variables. Thirdly, the ratio of broad money supply to gross domestic product was found to have a negative and statistical significant relationship with economic activity. This suggests a negative relationship between financial development and economic activity in Namibia. Similarly, real interest rate and saving were also found to have a negative and statistically insignificant relationship with economic activity. On the contrary, the lagged real gross domestic product was found to have a positive and statistically insignificant relationship with economic activi
KINYONDO, S (2021). An Investigation Of The Relationship Between Financial Development And Economic Growth In Namibia. Afribary. Retrieved from https://track.afribary.com/works/an-investigation-of-the-relationship-between-financial-development-and-economic-growth-in-namibia
KINYONDO, SYLVIA "An Investigation Of The Relationship Between Financial Development And Economic Growth In Namibia" Afribary. Afribary, 27 Apr. 2021, https://track.afribary.com/works/an-investigation-of-the-relationship-between-financial-development-and-economic-growth-in-namibia. Accessed 25 Nov. 2024.
KINYONDO, SYLVIA . "An Investigation Of The Relationship Between Financial Development And Economic Growth In Namibia". Afribary, Afribary, 27 Apr. 2021. Web. 25 Nov. 2024. < https://track.afribary.com/works/an-investigation-of-the-relationship-between-financial-development-and-economic-growth-in-namibia >.
KINYONDO, SYLVIA . "An Investigation Of The Relationship Between Financial Development And Economic Growth In Namibia" Afribary (2021). Accessed November 25, 2024. https://track.afribary.com/works/an-investigation-of-the-relationship-between-financial-development-and-economic-growth-in-namibia