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Modeling and Forecasting Botswana’s Growth Domestic Product (GDP) per Capita

May 31, 2021
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Greener Journal of Economics and Accountancy

Vol. 9(1), pp. 1-9, 2021

ISSN: 2354-2357

Copyright ©2021, the copyright of this article is retained by the author(s)

https://gjournals.org/GJEA

 

  

 

Modeling and Forecasting Botswana’s Growth Domestic Product (GDP) per Capita

Nyoni, Thabani1; Muchingami, Lovemore2; Olebogeng Mokgware3; Joe Jazi4; Georgina Mwantembe5

1Department of Economics, University of Zimbabwe. Email: nyonithabani35@ gmail. com

2Snr Lecturer Department of Banking & Finance, BA ISAGO University, lavmuch@ gmail. com

3Department of Risk Management, Insurance and Actuarial Science, BA ISAGO University. Email. Olebogang.mkgware@ baisago.ac. bw

4Department of Entrepreneurship, BA ISAGO University. Email.Joe.jazi@ baisago.ac. bw

5Business Management, BA ISAGO University. Email: georgina.mwantembe@ baisago. ac.bw

ARTICLE INFO ABSTRACT
 

Article No.: 041819073

Type: Research

 

  

Gross Domestic Product (GDP) per capita is regarded as one of the key signals of economic performance which may also be a benchmark for comparing living standards for different citizens across borders. There may be growth in real GDP without any improvement in real GDP per capita. Having this and other exogenous factors in concern, this research paper employed the Box-Jenkins ARIMA Methodology to analyse GDP per capita in Botswana from 1960 to 2017. The ADF tests show that Botswana GDP per capita data is I (1). Based on the AIC, the study presents the ARIMA (3, 2, 3) model. The diagnostic tests further show that the presented model is not only stable but also suitable. Ceteris paribus, the results of the study indicate that living standards in Botswana may absolutely continue to improve over the next decade. Four (4) policy recommendations were deduced from this research which the Botswana economic policy makers may consider in an effort to promote and maintain the much needed better living standards for all Batswana.
 

Accepted:  26/04/2017

Published: 31/05/2021
 

*Corresponding Author

Muchingami, Lovemore

E-mail: lavmuch@ gmail.com
 

Keywords: Botswana; Forecasting; GDP per capita
   

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Cite this Article: Nyoni, T; Muchingami, L; Olebogeng M; Joe J; Georgina M (2021). Modeling and Forecasting Botswana’s Growth Domestic Product (GDP) per Capita. Greener Journal of Economics and Accountancy, 9(1):1-9,

Journal Name : citation_journal : Greener Journal of Economics and Accountancy

Publication Status/Date : usp_status_date : 31/05/2021

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