- Title
- The relationship between energy price and economic growth in South Africa
- Creator
- Takentsi, Siyakudumisa
- Description
- This study empirically investigated the relationship between energy prices and economic growth in South Africa by employing the auto regressive distributed lag (ARDL) bounds test technique for the period from 1994 to 2019. The ARDL model is capable of detecting hidden co-integration relationships and perfectly works even in the series that are integrated of different orders. The study found the presence of a long-run relationship between the variables. The findings revealed that electricity prices have a negative impact on economic growth in the long run and short run, while crude oil prices highlighted a positive linkage with economic growth in the long run and short run. The Granger causality analysis indicated the non-existence of causal relationship between energy prices and economic growth in South Africa. However, in South Africa the Granger causality found unidirectional causality from labour productivity to economic growth and from gross fixed capital formation to economic growth. The study recommends that the government should take steps to mitigate the effects of rising in electricity prices.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2021
- Date
- 2021-00
- Subject
- Commerce in economics
- Type
- Masters theses, text
- Identifier
- http://hdl.handle.net/11260/10272
- Identifier
- vital:74954
- Format
- computer, online resource, application/pdf, 1 online resource (1221 pages), pdf
- Publisher
- Walter Sisulu University, Faculty of Economics and Financial Sciences
- Language
- English
- Rights
- Faculty of Economic and Financial Sciences, All Rights Reserved, Open Access
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- Visitors: 51
- Downloads: 9
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | TAKENTSI, S_Final dissertation_August2021 18-08-2021.pdf | 1 MB | Adobe Acrobat PDF | View Details |