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Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method

Author

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  • Tafirenyika Sunde

    (Trade and Development Department, Faculty of Economic and Management Sciences, Potchefstroom Campus, North-West University, Potchefstroom 2520, South Africa
    Department of Economics, Accounting and Finance, Faculty of Commerce, Human Sciences and Education, Namibia University of Science and Technology, Windhoek 9000, Namibia)

  • Blessing Tafirenyika

    (Department of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, Namibia)

  • Anthony Adeyanju

    (Department of Economics and Mathematics, Faculty of Business Administration and Strategic Management, International University of Management, Windhoek 9000, Namibia)

Abstract

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.

Suggested Citation

  • Tafirenyika Sunde & Blessing Tafirenyika & Anthony Adeyanju, 2023. "Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method," Economies, MDPI, vol. 11(3), pages 1-12, March.
    • Handle: RePEc:gam:jecomi:v:11:y:2023:i:3:p:86-:d:1091784
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    References listed on IDEAS

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