Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method
This study examines the impact of exports, imports, and trade openness on Namibia’s economic growth using the ARDL cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and trade openness show positive and significant relation...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-03-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/11/3/86 |
| _version_ | 1827750170213744640 |
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| author | Tafirenyika Sunde Blessing Tafirenyika Anthony Adeyanju |
| author_facet | Tafirenyika Sunde Blessing Tafirenyika Anthony Adeyanju |
| author_sort | Tafirenyika Sunde |
| collection | DOAJ |
| description | This study examines the impact of exports, imports, and trade openness on Namibia’s economic growth using the ARDL cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and trade openness show positive and significant relationships with economic growth. Moreover, short-term economic growth is driven by exports, imports, and trade openness. The findings suggest that trade liberalisation and export-led growth are crucial for Namibia’s economic development. Overall, this study supports the mercantilist theory, which emphasises the importance of participating in global markets by increasing exports and trade. |
| first_indexed | 2024-03-11T06:39:51Z |
| format | Article |
| id | doaj.art-6d519b82bde84259bc2875981350b593 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-11T06:39:51Z |
| publishDate | 2023-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-6d519b82bde84259bc2875981350b5932023-11-17T10:41:01ZengMDPI AGEconomies2227-70992023-03-011138610.3390/economies11030086Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration MethodTafirenyika Sunde0Blessing Tafirenyika1Anthony Adeyanju2Trade and Development Department, Faculty of Economic and Management Sciences, Potchefstroom Campus, North-West University, Potchefstroom 2520, South AfricaDepartment of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, NamibiaDepartment of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, NamibiaThis study examines the impact of exports, imports, and trade openness on Namibia’s economic growth using the ARDL cointegration method. The results reveal a significant negative relationship between imports and economic growth, while exports and trade openness show positive and significant relationships with economic growth. Moreover, short-term economic growth is driven by exports, imports, and trade openness. The findings suggest that trade liberalisation and export-led growth are crucial for Namibia’s economic development. Overall, this study supports the mercantilist theory, which emphasises the importance of participating in global markets by increasing exports and trade.https://www.mdpi.com/2227-7099/11/3/86economic growthexportsimportstrade opennessexport-led growthARDL |
| spellingShingle | Tafirenyika Sunde Blessing Tafirenyika Anthony Adeyanju Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method Economies economic growth exports imports trade openness export-led growth ARDL |
| title | Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method |
| title_full | Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method |
| title_fullStr | Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method |
| title_full_unstemmed | Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method |
| title_short | Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method |
| title_sort | testing the impact of exports imports and trade openness on economic growth in namibia assessment using the ardl cointegration method |
| topic | economic growth exports imports trade openness export-led growth ARDL |
| url | https://www.mdpi.com/2227-7099/11/3/86 |
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