The relationship between real exchange rate misalignment and economic growth in Namibia
- Shaduka, Mathilde Hishikomesho
- Authors: Shaduka, Mathilde Hishikomesho
- Date: 2021-04
- Subjects: Namibia , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53024 , vital:44892
- Description: It has been recognised in academic and policy debates that a poorly managed exchange rate can have a devastating effect on a country’s economic growth rate. The current literature on the effect of real exchange rate misalignment on economic growth shows mixed and inconclusive results. The floating rate regime by South Africa to which Namibia’s exchange rate is fixed, contributes to exchange fluctuations that Namibia experiences. As exchange rate is one of the fundamental factors that affect economic growth, this study aims to evaluate the effect of real exchange rate misalignment on the Namibian economic growth over the period from 1990 to 2018. The study employs Equilibrium Real Exchange Rate (ERER) Model and Auto-Regressive Distributed Lag (ARDL) models as quantitative research methods approach for estimating the equilibrium exchange rate and establishing the relationship between real exchange rate misalignment and Namibia’s economic growth. The ERER model reveals that the Namibian currency was overvalued over the period under review. Furthermore, the ARDL results confirm that a significant relationship exists between real exchange rate misalignment and Namibia’s economic growth. The study further shows that real exchange rate misalignment (overvaluation) negatively affects Namibia’s growth domestic product (GDP). Consequently, consistent with current literature, the study supports the view that keeping the real exchange rate at levels close to its equilibrium level or slightly below its equilibrium level can promote economic growth in developing economies such as Namibia. The study, therefore, strongly recommends that the Namibian government should consider a currency undervaluation policy in order to promote economic activities and enhance Namibia’s GDP. it is thus crucial for policymakers to effectively manage real exchange rate regularly and ensure that it does not widely deviate from its equilibrium value. The study also recommends that Namibia should diversify its products and ease the trade barriers so as to promote exports that would boost economic activities. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics Development and Tourism, 2021
- Full Text: false
- Date Issued: 2021-04
- Authors: Shaduka, Mathilde Hishikomesho
- Date: 2021-04
- Subjects: Namibia , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53024 , vital:44892
- Description: It has been recognised in academic and policy debates that a poorly managed exchange rate can have a devastating effect on a country’s economic growth rate. The current literature on the effect of real exchange rate misalignment on economic growth shows mixed and inconclusive results. The floating rate regime by South Africa to which Namibia’s exchange rate is fixed, contributes to exchange fluctuations that Namibia experiences. As exchange rate is one of the fundamental factors that affect economic growth, this study aims to evaluate the effect of real exchange rate misalignment on the Namibian economic growth over the period from 1990 to 2018. The study employs Equilibrium Real Exchange Rate (ERER) Model and Auto-Regressive Distributed Lag (ARDL) models as quantitative research methods approach for estimating the equilibrium exchange rate and establishing the relationship between real exchange rate misalignment and Namibia’s economic growth. The ERER model reveals that the Namibian currency was overvalued over the period under review. Furthermore, the ARDL results confirm that a significant relationship exists between real exchange rate misalignment and Namibia’s economic growth. The study further shows that real exchange rate misalignment (overvaluation) negatively affects Namibia’s growth domestic product (GDP). Consequently, consistent with current literature, the study supports the view that keeping the real exchange rate at levels close to its equilibrium level or slightly below its equilibrium level can promote economic growth in developing economies such as Namibia. The study, therefore, strongly recommends that the Namibian government should consider a currency undervaluation policy in order to promote economic activities and enhance Namibia’s GDP. it is thus crucial for policymakers to effectively manage real exchange rate regularly and ensure that it does not widely deviate from its equilibrium value. The study also recommends that Namibia should diversify its products and ease the trade barriers so as to promote exports that would boost economic activities. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics Development and Tourism, 2021
- Full Text: false
- Date Issued: 2021-04
Nobody can really afford legal services: the price of justice in Namibia
- Authors: Zongwe, Dunia P
- Date: 2021
- Subjects: Legal assistance to the poor , Namibia
- Language: English
- Type: article
- Identifier: http://hdl.handle.net/11260/5375 , vital:44543 , https://perjournal.co.za/article/view/6420
- Description: Nobody (except for the privileged few) can afford legal services in Namibia. In the light of this dawning awareness, how should the government and other stakeholders design the legal profession so that the greatest number of Namibians can access legal services and, ultimately, justice while preserving the profession's financial viability? The predominantly economic nature of this question means that its solutions lie less in the field of law than in the field of economics. Thus, this article adopts a methodology that reflects that insight.As a primary purpose, this article works towards solving the high cost of legal services in Namibia. It utilises a literature-review methodology that searches the scholarship on the legal profession for practical, down-to-earth solutions put forward in other countries to take the edge off the prohibitive cost of legal services. The article mainly finds that, if structured as a compulsory salary deduction, legal insurance promises the greatest positive impact on costs. And it concludes that the optimal solutions should consist of measures aimed at heightening competition in the legal profession and measures that broaden cost-sharing in providing legal assistance to the public. The article argues that competition can be effectively increased by lubricating the flow of information about prices and services, and by having more public entities bear the burden of expanding the system of legal assistance.
- Full Text:
- Date Issued: 2021
- Authors: Zongwe, Dunia P
- Date: 2021
- Subjects: Legal assistance to the poor , Namibia
- Language: English
- Type: article
- Identifier: http://hdl.handle.net/11260/5375 , vital:44543 , https://perjournal.co.za/article/view/6420
- Description: Nobody (except for the privileged few) can afford legal services in Namibia. In the light of this dawning awareness, how should the government and other stakeholders design the legal profession so that the greatest number of Namibians can access legal services and, ultimately, justice while preserving the profession's financial viability? The predominantly economic nature of this question means that its solutions lie less in the field of law than in the field of economics. Thus, this article adopts a methodology that reflects that insight.As a primary purpose, this article works towards solving the high cost of legal services in Namibia. It utilises a literature-review methodology that searches the scholarship on the legal profession for practical, down-to-earth solutions put forward in other countries to take the edge off the prohibitive cost of legal services. The article mainly finds that, if structured as a compulsory salary deduction, legal insurance promises the greatest positive impact on costs. And it concludes that the optimal solutions should consist of measures aimed at heightening competition in the legal profession and measures that broaden cost-sharing in providing legal assistance to the public. The article argues that competition can be effectively increased by lubricating the flow of information about prices and services, and by having more public entities bear the burden of expanding the system of legal assistance.
- Full Text:
- Date Issued: 2021
In search of country music
- Authors: Tracey, Hugh
- Subjects: Musicality , Ciskei , Grahamstown , Xhosa , Venda , Musical density map , Zulu , Sotho , Beer , Food , Lithoko , Tsonga , Nguni melodies , Swazi , South-west Africa , Ovambo , Namibia , Damura , Clapping , Singing , Rain , Pula , Drought , Ceremony , Local storekeeper , Town gossip , Party , Western Transvaal , Bechuanaland , Seasons , Social events , Occasion , Western music , Amateurs , Separate development , African personality , Masalila , Music of Transkei , Herero , Otjimbingwe , First fruits song , Seed time music
- Language: English
- Type: Sound , Radio broadcast , Music
- Identifier: vital:15109 , http://hdl.handle.net/10962/d1008537 , Reel numbers: BC177, BC178
- Description: Music from the country broadcast No.2, broadcast by the South African Broadcasting Corporation , For further details refer to the ILAM Document Collection: Hugh Tracey Broadcasts
- Full Text: false
- Authors: Tracey, Hugh
- Subjects: Musicality , Ciskei , Grahamstown , Xhosa , Venda , Musical density map , Zulu , Sotho , Beer , Food , Lithoko , Tsonga , Nguni melodies , Swazi , South-west Africa , Ovambo , Namibia , Damura , Clapping , Singing , Rain , Pula , Drought , Ceremony , Local storekeeper , Town gossip , Party , Western Transvaal , Bechuanaland , Seasons , Social events , Occasion , Western music , Amateurs , Separate development , African personality , Masalila , Music of Transkei , Herero , Otjimbingwe , First fruits song , Seed time music
- Language: English
- Type: Sound , Radio broadcast , Music
- Identifier: vital:15109 , http://hdl.handle.net/10962/d1008537 , Reel numbers: BC177, BC178
- Description: Music from the country broadcast No.2, broadcast by the South African Broadcasting Corporation , For further details refer to the ILAM Document Collection: Hugh Tracey Broadcasts
- Full Text: false
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