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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Inflation and stock market development in Namibia: evidence from co-integration and error correction modelling
Authors:Kaakunga, Esau K.
Matongela, Albert M.
Periodical:Journal for Studies in Humanities and Social Sciences (ISSN 2026-7215)
Geographic term:Namibia
Subjects:gross national product
financial market
Abstract:This study looks at the relationship between inflation and stock market development in Namibia, using econometric techniques of co-integration and error correction modelling. It was found that an increase of the real gross domestic product impacts positively on stock market development in Namibia, in particular on market capitalization and the value of traded domestic shares. The results also indicate that the relationship between stock market development indicators and inflation is insignificant. The author recommends that Namibia should place emphasis on policies that promote the gross domestic product, and, in spite of the insignificant relationship between stock market indicators and inflation, continue to pursue a monetary policy that ensures a low and stable inflation. Bibliogr., sum. [Journal abstract, edited]