An investigation of the relationship between financial development and economic growth in Namibia
| 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.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.identifier.uri | http://hdl.handle.net/11070/2328 | |
| 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 |