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Financial Sector Development and Poverty Reduction in Namibia

Among other challenges, it can be argued that poverty remains the greatest challenge facing the developing countries, particularly for Sub-Saharan countries. A significant proportion of people in the developing world are severely affected by poverty. In 2013 it was estimated that 787 million of the...

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Main Author: Kandjii, Fabiola Tjikari
Other Authors: Alhassan, Abdul Latif
Format: Thesis
Language:English
Published: Graduate School of Business (GSB) 2021
Subjects:
Development Finance
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access_status_str Open Access
author Kandjii, Fabiola Tjikari
author2 Alhassan, Abdul Latif
author_browse Alhassan, Abdul Latif
Kandjii, Fabiola Tjikari
author_facet Alhassan, Abdul Latif
Kandjii, Fabiola Tjikari
author_sort Kandjii, Fabiola Tjikari
collection Thesis
description Among other challenges, it can be argued that poverty remains the greatest challenge facing the developing countries, particularly for Sub-Saharan countries. A significant proportion of people in the developing world are severely affected by poverty. In 2013 it was estimated that 787 million of the world population lived in severe poverty (World Bank, 2016). Moreover, Sub-Saharan Africa accounts for half of the population who are severely affected by poverty. Using Namibia as a case study and data sets from 1991 to 2017, this research investigates how financial development impacts on poverty reduction in the country. The study employed the Johansen Cointegration Procedure and Vector Error Correction Model to test the data. The data was obtained from the World Development Indicators and the Namibia Central Bank. The main findings suggest that financial development is important for poverty reduction in the Namibian context, and has a positive and significant effect on poverty reduction. Further, there was a unidirectional causality between financial development and poverty. The Johansen cointegration results reported three cointegration equations amongst the variables, confirming a long-run cointegration relationship between financial sector development and poverty reduction. Interestingly, the per capita GDP is negatively associated with the poverty measure. The study recommends the government to focus on policies that stimulate credit to the private sector. In terms of trade openness, policies should aim at improving and strengthening fair bilateral and multilateral trade, as well as promoting regional trade in order to grow trade volumes.
format Thesis
id oai:open.uct.ac.za:11427/35386
institution University of Cape Town (South Africa)
language eng
last_indexed 2026-06-10T12:34:06.076Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2021
publishDateRange 2021
publishDateSort 2021
publisher Graduate School of Business (GSB)
publisherStr Graduate School of Business (GSB)
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/35386 Financial Sector Development and Poverty Reduction in Namibia Kandjii, Fabiola Tjikari Alhassan, Abdul Latif Development Finance Among other challenges, it can be argued that poverty remains the greatest challenge facing the developing countries, particularly for Sub-Saharan countries. A significant proportion of people in the developing world are severely affected by poverty. In 2013 it was estimated that 787 million of the world population lived in severe poverty (World Bank, 2016). Moreover, Sub-Saharan Africa accounts for half of the population who are severely affected by poverty. Using Namibia as a case study and data sets from 1991 to 2017, this research investigates how financial development impacts on poverty reduction in the country. The study employed the Johansen Cointegration Procedure and Vector Error Correction Model to test the data. The data was obtained from the World Development Indicators and the Namibia Central Bank. The main findings suggest that financial development is important for poverty reduction in the Namibian context, and has a positive and significant effect on poverty reduction. Further, there was a unidirectional causality between financial development and poverty. The Johansen cointegration results reported three cointegration equations amongst the variables, confirming a long-run cointegration relationship between financial sector development and poverty reduction. Interestingly, the per capita GDP is negatively associated with the poverty measure. The study recommends the government to focus on policies that stimulate credit to the private sector. In terms of trade openness, policies should aim at improving and strengthening fair bilateral and multilateral trade, as well as promoting regional trade in order to grow trade volumes. 2021-11-29T09:55:26Z 2021-11-29T09:55:26Z 2020 2021-11-26T11:09:53Z Master Thesis Masters MCom http://hdl.handle.net/11427/35386 eng application/pdf Graduate School of Business (GSB) Faculty of Commerce
spellingShingle Development Finance
Kandjii, Fabiola Tjikari
Financial Sector Development and Poverty Reduction in Namibia
thesis_degree_str Master's
title Financial Sector Development and Poverty Reduction in Namibia
title_full Financial Sector Development and Poverty Reduction in Namibia
title_fullStr Financial Sector Development and Poverty Reduction in Namibia
title_full_unstemmed Financial Sector Development and Poverty Reduction in Namibia
title_short Financial Sector Development and Poverty Reduction in Namibia
title_sort financial sector development and poverty reduction in namibia
topic Development Finance
url http://hdl.handle.net/11427/35386
work_keys_str_mv AT kandjiifabiolatjikari financialsectordevelopmentandpovertyreductioninnamibia

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