Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method

Tafirenyika Sunde, Blessing Tafirenyika and Anthony Adeyanju
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Blessing Tafirenyika: Department of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, Namibia
Anthony Adeyanju: Department of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, Namibia

Economies, 2023, vol. 11, issue 3, 1-12

Abstract: This study examines the impact of exports, imports, and trade openness on Namibia’s economic growth using the ARDL cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and trade openness show positive and significant relationships with economic growth. Moreover, short-term economic growth is driven by exports, imports, and trade openness. The findings suggest that trade liberalisation and export-led growth are crucial for Namibia’s economic development. Overall, this study supports the mercantilist theory, which emphasises the importance of participating in global markets by increasing exports and trade.

Keywords: economic growth; exports; imports; trade openness; export-led growth; ARDL; unit roots; cointegration; ECM (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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