THE IMPACT OF PUBLIC AND PRIVATE INVESTMENTS ON THE NAMIBIAN ECONOMY- AN EMPIRICAL ANALYSIS
THE IMPACT OF PUBLIC AND PRIVATE INVESTMENTS ON THE NAMIBIAN ECONOMY- AN EMPIRICAL ANALYSIS
Author(s): Ravinder RenaSubject(s): National Economy, Economic history, Health and medicine and law, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today), Socio-Economic Research
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: Private Public Investments; Economic growth; Namibia; Education; health; competitiveness;
Summary/Abstract: Public and private investment plays a significant role in extension of opportunities for earning higher incomes as well as the consumption of improved quality goods and services to the people of Namibia. Namibia has a free market economy with a strong tradition of central government planning to provide infrastructure for private investment. The economy has grown rapidly since the mid-1980s, with the gross domestic product per capita increasing more than a hundredfold. This article investigates the impact of public and private investment on Namibia’s economic performance during the period 1990-2008. It was also found that the GDP growth declined from 6.8 per cent in 2006 to 5.2 percent in 2008. The article provides some policy implications based on the results.
Journal: Review of Economic and Business Studies (REBS)
- Issue Year: 2011
- Issue No: 7
- Page Range: 59-78
- Page Count: 20
- Language: English
