An Econometric Analysis Of Private Domestic Saving In Namibia

This paper examines the determinants of private domestic saving inrnNamibia by means of a single model regression analysis. It reviews the empiricalrnand theoretical literatures of both developed and developing countries.thernreview focuses on traditional theories of saving the keynesian absolute incomernhypothesis, Permanent income hypothesis, Life cycle hypothesis and randomrnwalk hypothesis. It also laid stress on the recent determinants of private domesticrnsaving; the income, interest rate, liquidity and borrowing constraints, publicrnsaving, macroeconomic stability. the study applied an intensive time seriesrneconometric analysis technique to avoid spurious results associated with timernseries data. the oF and aoF tests were applied to determine the stationarity andrnnon-stationarity of the variables in the model.taving in Namibia.

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