THE IMPACT OF PUBLIC AND PRIVATE INVESTMENTS ON THE NAMIBIAN ECONOMY- AN EMPIRICAL ANALYSIS

Ravinder Rena

Review of Economic and Business Studies, 2011, issue 7, 59-78

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.

Keywords: Private Public Investments; Economic growth; Namibia; Education; health; competitiveness (search for similar items in EconPapers)
JEL-codes: E2 O44 R53 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2011:i:7:renar

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