The purpose of this paper is to analyse the causality between exports and GDP of Namibia and to evaluate the relationship of these variables for the period 1970 to 2005. Time-series econometric techniques (Granger causality and cointegration) are applied to test the hypothesis of a growth strategy led by exports. It tests whether export Granger causes GDP, or whether the causality runs from GDP to exports, or if there is bi-directional causality between exports and GDP. The results revealed that exports Granger cause GDP and GDP per capita. This suggests that the export-led growth strategy through various incentives has a positive influence on growth.
Economic growth can be enhanced through increased trade among countries, provided the correct institutional structures are in place. A country's trade is dependent not only on its own trade facilitation reforms but also on those of the trading partners. This paper, using an augmented gravity model, examines trade facilitation factors that impact on South Africa's exports to other selected African countries. The results of the estimation reveal the following. An improvement in the customs environment within the importing country provides the largest gain in terms of increasing trade flows, followed by the regulatory environment and domestic infrastructure. Furthermore, adjacency and common language impact positively on South African exports, while distance between countries impacts negatively on it. Being part of the Southern African Development Community is also enhancing exports from South Africa, compared with being part of the East African Community.
Regional integration arrangements have mushroomed worldwide, both on intra-regional and extra-regional levels. On an intra-regional level, Africa faces a complicated grid of multiple and overlapping membership of several regional integration organisations, aiming to increase intraregional trade and cooperation. In this study, a comparative analysis will be executed, based on an intra-regional breakdown of trade, using the United Nations Economic Commission for Africa classification of countries according to geographical region. The level of intra-regional trade will be determined, whereafter the level of inter-regional trade will be established and, lastly, trade with the rest of the world. It seems that despite the high level of regional integration within Africa, it does not necessarily stimulate intra-Africa trade to expected levels as proposed by literature. A regional integration strategy that would cause deeper integration is crucial if the continent is to play a rightful role in the global arena.
This paper estimates the real exchange rate misalignment and investigates its impact on economic performance and competitiveness of Namibia for the period 1970 to 2011 using cointegrated vector autoregression methods. The results show that there were periods of overvaluation and undervaluation of the real exchange rate. The analysis reveals that misalignment has a negative impact on the competitiveness and performance of the economy. Maintaining the real exchange rate out of equilibrium reduces economic performance and competitiveness. This suggests that policy makers should monitor the real exchange rate regularly and make the exchange rate policy part of trade promotion strategy.
This paper analysed the determinants of South African exports of raw hides and skins (other than fur skins) and leather (H41) using annual data covering the period 1997 to 2004 for 32 main trading partners. The results show that importer's GDP, South Africa's GDP, importer's population, South Africa's population, infrastructure of South Africa and importing country and some regional trade agreements are the main determinants of raw hides and skins (other than fur skins) and leather exports. The paper then investigated if there is unexploited trade potential. The investigation revealed that among others,
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.