An investigation of the relationship between financial development and economic growth in Namibia select="/dri:document/dri:meta/dri:pageMeta/dri:metadata[@element='title']/node()"/>

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dc.contributor.author Kinyondo, Sylvia
dc.date.accessioned 2018-06-13T08:28:45Z
dc.date.available 2018-06-13T08:28:45Z
dc.date.issued 2018
dc.identifier.uri http://hdl.handle.net/11070/2328
dc.description A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Science in Economics en_US
dc.description.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 activity. en_US
dc.language.iso en en_US
dc.publisher University of Namibia en_US
dc.subject Financial development en_US
dc.subject Economic growth en_US
dc.title An investigation of the relationship between financial development and economic growth in Namibia en_US
dc.type Thesis en_US


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