ABSTRACT All firms have to make a decision on how to finance their operations. A firm can use retained profit or borrow from financial institutions, or offer securities and shares. Each source of funds has its own advantages and disadvantages. The proportion of debt to equity applied by firms determines the capital structure of a firm. This study therefore investigated the relationship between capital structure and the performance of non-financial companies listed on the Zimbabwe Stock Exchan...
ABSTRACT Health insurance scheme is important in improving health finance in Tanzania. However, health insurance faces numerous difficulties including inadequate health services availability. This study attempted to assess the determinants of health insurance services provision among Accredited Drugs Dispensing Outlets (ADDOs) in Kilombero district. The objective of the study is to assess the social-economic factors affecting the response of private sector Accredited Drugs dispending Outlets...
Abstract This study is an attempt to extend the frontiers of knowledge about company finances, with particular empirical reference to Nigeria. It examines the extent to which Nigerian firms use owners’ funds (equity) and borrowed funds (debt). It covers a period of 10 years, from 1974 to 1983. The study samples 87 non-financial companies quoted on the Nigeria Stock Exchange; the sample excuses the financial sector because its financing patterns sharply differ from those of the other secto...
ABSTRACT This study examines the determinants of the real exchange rate in Namibia using annual time series for the period 1980 to 2014. The fundamental determinants of the real exchange rate in Namibia are openness, terms of trade, ratio of government expenditure to GDP and the ratio of investment to GDP. Time series properties were tested for stationarity using the Dickey Fuller-GLS test. The variables were found to be nonstationary but became stationary at their first differences. The stu...
ABSTRACT Theories of residential location are traceable to the earlier works of
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...