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 esti...

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Autores principales:	Elizabeth Elias, Sirorat Ruttanawijit
Formato:	article
Lenguaje:	EN
Publicado:	Faculty of Economics, University of Tuzla 2021
Materias:	industrial policy economic growth namibia Economic theory. Demography HB1-3840 Business records management HF5735-5746 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/e7367cf934924a6980f0d86276b4c473
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id	oai:doaj.org-article:e7367cf934924a6980f0d86276b4c473
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spelling	oai:doaj.org-article:e7367cf934924a6980f0d86276b4c4732021-12-02T18:30:44ZINDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH1512-89622303-680Xhttps://doaj.org/article/e7367cf934924a6980f0d86276b4c4732021-05-01T00:00:00Zhttp://ef.untz.ba/wp-content/uploads/2021/10/2_MAY_2021_DOI_pp_13_22.pdfhttps://doaj.org/toc/1512-8962https://doaj.org/toc/2303-680XThis 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. Elizabeth EliasSirorat RuttanawijitFaculty of Economics, University of Tuzlaarticleindustrial policyeconomic growthnamibiaEconomic theory. DemographyHB1-3840Business records managementHF5735-5746FinanceHG1-9999ENEconomic Review, Vol XIX, Iss 01, Pp 13-22 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	industrial policy economic growth namibia Economic theory. Demography HB1-3840 Business records management HF5735-5746 Finance HG1-9999
spellingShingle	industrial policy economic growth namibia Economic theory. Demography HB1-3840 Business records management HF5735-5746 Finance HG1-9999 Elizabeth Elias Sirorat Ruttanawijit INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH
description	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.
format	article
author	Elizabeth Elias Sirorat Ruttanawijit
author_facet	Elizabeth Elias Sirorat Ruttanawijit
author_sort	Elizabeth Elias
title	INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH
title_short	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_sort	industry policy effects on namibia's economic growth
publisher	Faculty of Economics, University of Tuzla
publishDate	2021
url	https://doaj.org/article/e7367cf934924a6980f0d86276b4c473
work_keys_str_mv	AT elizabethelias industrypolicyeffectsonnamibiaseconomicgrowth AT siroratruttanawijit industrypolicyeffectsonnamibiaseconomicgrowth
_version_	1718378012720758784

INDUSTRY POLICY EFFECTS ON NAMIBIA'S ECONOMIC GROWTH

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