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Essays on public finance and environmental economics in Namibia
Umeå University, Faculty of Social Sciences, Economics.
2007 (English)Licentiate thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis comprises two papers exploring aspects of public finance and environmental economics in Namibia.

Paper [I] estimates the shadow prices of capital, labour and foreign exchange for the Namibian economy. The results suggest that the shadow price of capital for Namibia is 8%. The economic costs of Namibian labour, as a share of financial costs, are 32% for urban semi- and unskilled labour, and 54% for rural semi- and unskilled labour. The economic cost of foreign labour as a share of financial costs is 59%. The estimated range for the shadow exchange rate factor is between 7% and 14% for the Namibian economy.

Paper [II] studies the determinants of property prices in the township areas of Windhoek, the capital of Namibia. The study reveals that properties located close to an environmental hazard, such as a garbage dump, sell at considerable discounts. On the other hand properties located near an environmentally favourable location, such as recreational open space, sell at a premium. These results provide evidence of the importance of environmental quality in lower income property markets in developing countries. It is therefore important for Namibian urban planners to incorporate environmental quality within the planning framework for lower income areas.

Place, publisher, year, edition, pages
Umeå: Nationalekonomi , 2007. , 70 p.
Umeå economic studies, ISSN 0348-1018 ; 705
Keyword [en]
Namibia, Project Evaluation, Cost-benefit analysis, Hedonic pricing, Townships
National Category
Research subject
URN: urn:nbn:se:umu:diva-1163ISBN: 978-91-7264-313-0OAI: diva2:140427
2007-05-31, Umeå, 10:15
Available from: 2007-06-01 Created: 2007-06-01Bibliographically approved
List of papers
1. Estimating national economic parameters for Namibia.
Open this publication in new window or tab >>Estimating national economic parameters for Namibia.
Manuscript (Other academic)
urn:nbn:se:umu:diva-2433 (URN)
Available from: 2007-06-01 Created: 2007-06-01 Last updated: 2010-01-13Bibliographically approved
2. Hedonic pricing in Windhoek townships
Open this publication in new window or tab >>Hedonic pricing in Windhoek townships
2003 (English)In: Environment and Development Economics, ISSN 1355-770X, E-ISSN 1469-4395, Vol. 8, no 2, 391-404 p.Article in journal (Refereed) Published
Abstract [en]

This study applies the hedonic pricing model to property sales in the township areas in Windhoek, the capital city of Namibia, where municipal authorities have pursued a programme of selling plots of land to settlers in order to encourage them into a formalized economic situation. We find that, apart from house quality, access to the central business district, access to marketplaces and access to transportation, environmental quality also has a large impact on property prices. Properties located close to a garbage dump sell at considerable discounts, while properties located close to a combined conservation and recreation area sell at premium prices. The results thus suggest that the hedonic pricing method can be useful for studying townships in developing countries, and that this can help to clarify the importance of environmental factors which are otherwise frequently neglected in town planning for township settlements.

National Category
urn:nbn:se:umu:diva-2434 (URN)10.1017/S1355770X0300202 (DOI)
Available from: 2007-06-01 Created: 2007-06-01 Last updated: 2012-06-01Bibliographically approved

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