An investigation into the relationship between infrastructure development and economic growth in Namibia
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Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Namibia
Abstract
The study investigated the causal relationship between infrastructure development and economic growth in Namibia for the period Q11991- Q42020. Data used was sourced from the World Bank development indicators, Namibia Statistics Agency as well as COMSTAT and was converted to quarterly data using EViews. Time-series econometric techniques such as unit root, ARDL bound test as well as VAR framework has been used. The results of the ARDL bounds test revealed that there is a long run relationship between infrastructure development and economic growth. The vector error correction provided both short and long run estimates. The findings revealed a positive long run and short run relationship between infrastructure development and economic growth in Namibia. The study recommends that the Namibian government needs to increase infrastructure funding in Namibia, enforce monitoring and evaluation and promote Public Private Partnership (PPP).
Description
A thesis submitted in partial fulfilment of the requirement for the Degree of Master of Science (Development Finance)
Keywords
Infrastructure development, Government capital expenditure, Economic growth