%0 Journal Article
%T Public and Private Investment and Economic Growth in Namibia (1970-2005)
%A FT Kandenge
%J Botswana Journal of Economics
%D 2010
%I 
%X Using the framework of an endogenous growth model, this study analyzes the impact of public and private investment on economic growth in Namibia over the 1970¨C2005 periods. Cointegration and error correction modeling approaches were adopted. The results suggest that in addition to public and private investment,-exports, imports, economic freedom, labour and human capital significantly and positively impact on short and long-term economic growth. In contrast, terms of trade and real exchange rate, are found to have a negative effect on short and long-term economic growth. The short-term dynamic behaviour of this relationship was investigated by estimating an error correction model. The error correction term was found to be statistically significant and with correct sign.
%U http://www.ajol.info/index.php/boje/article/view/64200