INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH
This paper investigates a relationship between economic growth and industrial policy. The methodology employed in this work is the Autoregressive Distributed Lag (ARDL) Model. In addition, the bound cointegration test and Error Correction Model were conducted (ECM). This research estimated the econ...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2021-05-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/45 |
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| author | Emilia Landa Shikomba Elizabeth Elias Sirorat Ruttanawijit |
| author_facet | Emilia Landa Shikomba Elizabeth Elias Sirorat Ruttanawijit |
| author_sort | Emilia Landa Shikomba |
| collection | DOAJ |
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This paper investigates a relationship between economic growth and industrial policy. The methodology employed in this work is the Autoregressive Distributed Lag (ARDL) Model. In addition, the bound cointegration test and Error Correction Model were conducted (ECM). This research estimated the economy of Namibia wherein the industrial policy is narrow and appears to be the second sector contributing to economic growth. The results indicate a significant positive relationship between industrial policy and economic growth. The government may seek to create a favorable business climate and subsidize private firms as well as to reform the labor market and use low-cost technologies to produce products and maintain sustainable economic growth. An action-designed industrial policy will strive to promote manufacturing activities and increase economic growth.
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| format | Article |
| id | doaj-art-eb7085c4a9dd499c94af5d748baffa34 |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2021-05-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-eb7085c4a9dd499c94af5d748baffa342025-02-10T00:30:52ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2021-05-01191INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTHEmilia Landa Shikomba0Elizabeth Elias1Sirorat Ruttanawijit2School of Economics and Business Administration, Chongqing University, ChinaDongbei University of Finance and Economics, ChinaSchool of Economics and Business Administration, Chongqing University, China This paper investigates a relationship between economic growth and industrial policy. The methodology employed in this work is the Autoregressive Distributed Lag (ARDL) Model. In addition, the bound cointegration test and Error Correction Model were conducted (ECM). This research estimated the economy of Namibia wherein the industrial policy is narrow and appears to be the second sector contributing to economic growth. The results indicate a significant positive relationship between industrial policy and economic growth. The government may seek to create a favorable business climate and subsidize private firms as well as to reform the labor market and use low-cost technologies to produce products and maintain sustainable economic growth. An action-designed industrial policy will strive to promote manufacturing activities and increase economic growth. http://er.ef.untz.ba/index.php/er/article/view/45industrial policyeconomic growthNamibia |
| spellingShingle | Emilia Landa Shikomba Elizabeth Elias Sirorat Ruttanawijit INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH Economic Review industrial policy economic growth Namibia |
| title | INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH |
| title_full | INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH |
| title_fullStr | INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH |
| title_full_unstemmed | INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH |
| title_short | INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH |
| title_sort | industry policy effects on namibia s economic growth |
| topic | industrial policy economic growth Namibia |
| url | http://er.ef.untz.ba/index.php/er/article/view/45 |
| work_keys_str_mv | AT emilialandashikomba industrypolicyeffectsonnamibiaseconomicgrowth AT elizabethelias industrypolicyeffectsonnamibiaseconomicgrowth AT siroratruttanawijit industrypolicyeffectsonnamibiaseconomicgrowth |