Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia

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dc.contributor.advisorAlhassan, Abdul Latif
dc.contributor.authorHakwaashika, Rauna N.
dc.date.accessioned2019-08-01T07:38:59Z
dc.date.available2019-08-01T07:38:59Z
dc.date.issued2019
dc.date.updated2019-07-31T10:37:46Z
dc.description.abstractFinancial development, especially through the mechanism of private sector credit lines, has an important role to play in an economy’s growth. As such, economies with better financial institutions for lending and borrowing funds have the potential to grow faster. This is so because better financial systems alleviate external financing constraints that may hinder business growth and expansion. In light of this, the study investigated the relationship between private sector credit extension and economic growth in Namibia. Using quarterly data on Gross Domestic Product (GDP) and other variables covering the years from 2005 to 2017. The study employed co-integration and error correction procedures. From the results the study concluded that there is an existence of a positive relationship between private sector credit extension (PSCE) and economic growth. Our findings are consistent with theoretical propositions. The causality test indicated a unidirectional relationship running from PSCE to GDP entailing that the extension of credit to the private sector would enhance GDP growth and not vice versa. Based on these findings, it is recommended that the policy makers focus on long term economic growth policies, develop the financial sector, promote the development of efficient financial markets and infrastructure in order to increase the private sector credit lines which are instrumental in long term growth.
dc.identifier.apacitationHakwaashika, Rauna N. (2019). <i>Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia</i>. (). ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/30369en_ZA
dc.identifier.chicagocitationHakwaashika, Rauna N.. <i>"Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia."</i> ., ,Faculty of Commerce ,Graduate School of Business (GSB), 2019. http://hdl.handle.net/11427/30369en_ZA
dc.identifier.citationHakwaashika, Rauna N. 2019. Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia. . ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/30369en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Hakwaashika, Rauna N. AB - Financial development, especially through the mechanism of private sector credit lines, has an important role to play in an economy’s growth. As such, economies with better financial institutions for lending and borrowing funds have the potential to grow faster. This is so because better financial systems alleviate external financing constraints that may hinder business growth and expansion. In light of this, the study investigated the relationship between private sector credit extension and economic growth in Namibia. Using quarterly data on Gross Domestic Product (GDP) and other variables covering the years from 2005 to 2017. The study employed co-integration and error correction procedures. From the results the study concluded that there is an existence of a positive relationship between private sector credit extension (PSCE) and economic growth. Our findings are consistent with theoretical propositions. The causality test indicated a unidirectional relationship running from PSCE to GDP entailing that the extension of credit to the private sector would enhance GDP growth and not vice versa. Based on these findings, it is recommended that the policy makers focus on long term economic growth policies, develop the financial sector, promote the development of efficient financial markets and infrastructure in order to increase the private sector credit lines which are instrumental in long term growth. DA - 2019 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PY - 2019 T1 - Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia TI - Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia UR - http://hdl.handle.net/11427/30369 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/30369
dc.identifier.vancouvercitationHakwaashika Rauna N. Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia. []. ,Faculty of Commerce ,Graduate School of Business (GSB), 2019 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/30369en_ZA
dc.language.rfc3066Eng
dc.publisher.departmentGraduate School of Business (GSB)
dc.publisher.facultyFaculty of Commerce
dc.titleInvestigating the relationship between private sector credit extension and economic growth: A case study of Namibia
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMBA
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