Foreign trade and economic growth in Namibia the focus of doctoral thesis

Annette Willemse -- Sat, 10/17/2015 - 10:59

Foreign trade and economic growth in Namibia the focus of doctoral thesis

The economy of Namibia can potentially be expanded by means of foreign trade and the economic growth is set to respond stronger to changes in exports and foreign direct investment compared to changes in exchange rates. 

Dr Cyril Ayetuoma Ogbokor The promoter of the study, Dr Danie Meyer

 

This is according to a study conducted by Dr Cyril Ayetuoma Ogbokor who received the degree Doctor of Philosophy in Economics during the recent October graduation ceremony of the Vaal Triangle Campus of the North-West University (NWU Vaal).  In his thesis, “Foreign trade and economic growth in Namibia: A time series analysis, 1990Q1 to 2014Q4,” Dr Ogbokor employed two modern econometric time series techniques, namely Vector Autoregressive (VAR) and Auto Regression Distributed Lag (ARDL) to achieve his findings. The study found positive relationships between the four variables (export, foreign direct investment, exchange rate and gross domestic product) used in the study.  These positive relationships suggest that the economy of Namibia can potentially be expanded by means of foreign trade.

Secondly, the study found that economic growth responds stronger to changes in exports and foreign direct investment compared to changes in exchange rates. The third outcome of the study indicates long-term relationships between the four variables.  In particular, the study found that exports contributed more to economic growth compared to foreign direct investment and adopted a dynamic framework, whereas most of the studies reviewed employed a static framework.

The study also employed a single country framework, which in this case was Namibia. This provided the opportunity for the thesis to present a comprehensive analysis on various issues pertaining to the Namibian economy. The thesis puts forward appropriate recommendations to Namibia for purposes of making the country’s exports more competitive in foreign markets.

* The promoter of the study was Dr DF Meyer.

Dr Ogbokor with the Campus Registrar, Ms Elbie Steyn

 

More about Dr Cyril Ayetuoma Ogbokor

Cyril Ayetuoma Ogbokor was born on 17 October 1962 in Nigeria. He attended the Roman Catholic Primary School in Warri, Nigeria from 1967 to 1973, and completed his high school education at the Urhobo College – also in Nigeria, in 1978.

After high school he was given admission to study for a Bachelor of Science Economics degree (Honours) at the University of Benin, Nigeria, between 1979 and 1983. Thereafter, he was admitted to study for a Master’s of Science degree in Economics at the University of Lagos, Nigeria between 1984 and 1985.  He is currently an associate professor of Economics in the Department of Accounting, Economics and Finance at the School of Management Sciences at the Namibia University of Science and Technology in Windhoek.

Dr Ogbokor previously lectured at the following universities in Nigeria: University of Uyo, Military University Kaduna, and the University of Abuja before journeying to Namibia in 1995 on an international assignment.  His research areas include: macroeconomics, development economics and international economics. He has written and published several peer-reviewed research articles in these areas by employing econometric models. He furthermore serves as a reviewer for a number of journals. He is actively involved in community service, especially through electronic press media interviews. He has won the School of Management Sciences best researcher award in 2002, 2013 and 2014. 

Prof Linda du Plessis conferred the degree