Estimating national economic parameters for Namibia

Michael N Humavindu ()
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Michael N Humavindu: Development Bank of Namibia, Postal: PO Box 235, Windhoek, Namibia

No 744, Umeå Economic Studies from Umeå University, Department of Economics

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.

Keywords: shadow prices; discount rates; Namibia (search for similar items in EconPapers)
JEL-codes: D61 H43 O18 (search for similar items in EconPapers)
Date: Written

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Persistent link: http://EconPapers.repec.org/RePEc:hhs:umnees:0744

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