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 ...
ABSTRACT The study investigated the relationship between economic growth, exports, and FDI in Namibia using quarterly data for the period of 1980:Q1 to 2013:Q4. The Autoregressive Distributed Lag approach to cointegration was used to carry out the study. The study used foreign direct investment (FDI) inflows as a proxy for FDI, export values as a ratio of GDP as a proxy for Exports, and Real Gross Domestic Product as a proxy for economic growth. The results from the study found that economic ...
ABSTRACT The Namibian Defence Force (NDF) is 18 years in existence and, like any other organization is responsible for the maintenance of discipline within the institution. However, the legal system of the NDF contains more than the ordinary disciplinary hearings as provided for in the Public Service Act, (Act 13 of 1995) and Labour Act, (Act 6 of 1992) as it has jurisdiction over any criminal�...
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, unemploym...
ABSTRACT Capital flight continues to be of great concern in many developing countries and Namibia is not an exception. The purpose of this study is to examine the effects of fiscal policy on capital flight in Namibia for the period, 1993-2014. To assess this effect, the ARDL bounds test to cointegration technique was employed. The finding not only reveals fiscal policy to affect capital flight but also that there is a long-run relationship between capital flight and the selected macroeconomic...
ABSTRACT The study examines the effect of financial innovation on the demand for money in Namibia. The sample period of the study covers the first Quarter of 2000 to the fourth Quarter of 2013. The secondary data utilized is sourced from Bank of Namibia, Namibia Statistics Agency as well as the World Bank Financial Statistics. The study employs the following variables; real Gross Domestic Product (GDP) as a proxy for income, inflation, repo rate and credit extended to the private sector as a ...
ABSTRACT This study examines calendar anomalies, specifically day of the week and month of the year effects on the Namibian stock exchange using daily and monthly data from January 4th, 2000 to March 31st, 2017 obtained from the Namibian stock exchange. In an attempt to select a model best fit to account for return and volatility in the Namibian stock market, the symmetric GARCH (1,1) and two other asymmetric models EGARCH(1,1) and TARCH(1,2) models were estimated. The empirical results deriv...
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. Secon...
ABSTRACT This study carries out an empirical investigation of the determinants of banking sector development in Namibia. The study uses quarterly data for Namibia covering the period of 2000: I to 2011: IV, obtained from the Bank of Namibia. The indicator that is used to represent banking sector development is the ratio of credit extended to the private sector by the banks to gross domestic product (GDP). The study uses the autoregressive distributed lag model (ARDL) for the analysis. The bou...
ABSTRACT Over centuries, various technologies have been introduced to developing nations, which have aided the growth of business and made lives of individuals more comfortable. Yet, none of these technologies have had as much influence on individual consumers in developing economies as the mobile phone technology. Students are one group of people who find the mobile phone technology useful in accessing information (given its internet adaptability features). Again, students’ access to info...
ABSTRACT Most microfinance institutions globally, have majority of their customers as women with few men or even in some cases, no men at all. The study investigated the reasons for the gender imbalances in the microfinance industries guided by microfinance loan repayment determinants. A census of 74 microfinance institutions from four districts of Accra; Tema Metropolitan, Ashaiman Municipal, Dangbe East District and finally, Ningo/Prampra District Assembly were interviewed. A sample of 370...