Examining the Relationship between Term Structure of Interest Rates and Economic Activity in Namibia

Johannes Peyavali Sheefeni Sheefeni and Teresia Kaulihowa
Additional contact information
Johannes Peyavali Sheefeni Sheefeni: Department of Economics, University of Namibia, Windhoek, Namibia
Teresia Kaulihowa: Department of Economics, University of Namibia, Windhoek, Namibia

International Journal of Economics and Financial Research, 2016, vol. 2, issue 9, 161-168

Abstract: This paper analysed the forecasting ability of yield-curve as a predictor of the short-run fluctuations in economic activities in Namibia. The study employed the techniques of unit root, cointegration, impulse response functions and forecast error variance decomposition on the quarterly data covering the period 1996 to 2015. The results revealed a negative relationship between the term structure of interest rates and economic activities, though statistically insignificant. This suggests that the yield-curve has no forecasting ability as a predictor of economic activity in Namibia.

Keywords: Yield-curve; Forecasting; Economic activity; Namibia; Cointegration; Impulse response function. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.arpgweb.com/pdf-files/ijefr2(9)161-168.pdf (application/pdf)
http://www.arpgweb.com/?ic=journal&journal=5&month=09-2016&issue=9&volume=2 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2016:p:161-168

Access Statistics for this article

International Journal of Economics and Financial Research is currently edited by Dr. Abu Hassan Bin Md Isa

More articles in International Journal of Economics and Financial Research from Academic Research Publishing Group Rahim Yar Khan 64200, Punjab, Pakistan.
Bibliographic data for series maintained by Managing Editor ().