Connecting-Africa | Find publications

Advanced search

Find:


Title Explaining long-term growth in Namibia
Full text http://hdl.handle.net/2263/9437
Date 2009
Author(s) Eita, Joel Hinaunye; Du Toit, Charlotte B.
Abstract Supply-side economics stresses the importance of analysing and modelling the long-term properties of an economy's production structures in order to investigate each factor of production's impact on final output. This helps to determine how much should be produced, how much is available for consumption and, eventually, how an economy can improve its long-term economic growth path. This study applied the neoclassical growth model to Namibia's growth over the period from 1971 to 2005 in order to identify and develop the main supply-side components of long-term economic growth in the country. Along with a production function, behavioural equations were estimated for the factors of production labour demand and capital investment, as well as for the links between prices and wages.
Subject(s) Economic growth; Neoclassical growth model; Supply-side; Cointegration; Cobb-Douglas production function; Economic development -- Namibia
Language en
Publisher Juta
Type of publication Article
Rights Juta. This article is embargoed by the publisher until June 2009
Identifier Eita, JH & Du Toit, CB 2009, 'Explaining long-term growth in Namibia', South African Journal of Economic and Management Sciences, vol. 12, no. 1, pp. 48-62. [http://www.journals.co.za/ej/ejour_ecoman.html]; 1015-8812
Repository Pretoria - University of Pretoria, UPSpace
Added to C-A: 2009-06-22;10:15:19