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Estimating national economic parameters for Namibia

Author

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  • Humavindu, Michael N

    (Development Bank of Namibia)

Abstract

This paper estimates national economic parameters to be used for project appraisal in Namibia. The shadow prices of capital, labour and foreign exchange are derived. The results suggest that the economic opportunity cost of capital is 7.2%. The economic costs of Namibian labour as a share of financial costs are 32% for urban semi- and unskilled labour, and are 54% for rural semi- and unskilled labour. The economic costs of foreign labour as a share of financial costs are 59%. The shadow exchange rate factor is estimated to be 4% for the Namibian economy.

Suggested Citation

  • Humavindu, Michael N, 2008. "Estimating national economic parameters for Namibia," Umeå Economic Studies 744, Umeå University, Department of Economics.
  • Handle: RePEc:hhs:umnees:0744
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    Citations

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    Cited by:

    1. Hannah Reid & Linda Sahl�N & Jesper Stage & James Macgregor, 2008. "Climate change impacts on Namibia's natural resources and economy," Climate Policy, Taylor & Francis Journals, vol. 8(5), pages 452-466, September.
    2. Raúl Castro & Jorge Armando Rueda Gallardo, 2020. "Estimación Empírica de la Tasa Social de Descuento Estudio de Caso Bolivia," Documentos CEDE 18020, Universidad de los Andes, Facultad de Economía, CEDE.

    More about this item

    Keywords

    shadow prices; discount rates; Namibia;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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