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The Impact Of Public And Private Investments On The Namibian Economy- An Empirical Analysis

Author

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  • Ravinder RENA

    () (Editor-in-Chief, International Journal of Education Economics and Development (IJEED) and Coordinator, Joint African Master's Programme, Harold Pupkewitz Graduate School of Business, Polytechnic of Namibia)

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 per cent in 2008. The article provides some policy implications based on the results.

Suggested Citation

  • Ravinder RENA, 2011. "The Impact Of Public And Private Investments On The Namibian Economy- An Empirical Analysis," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 7, pages 59-78, May.
  • Handle: RePEc:aic:revebs:y:2011:i:7:renar
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    More about this item

    Keywords

    Private Public Investments; Economic growth; Namibia; Education; health; competitiveness;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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