Relationship between energy consumption and economic growth in South Africa : evidence from the bootstrap rolling-window approach

dc.contributor.authorDlamini, Janneke
dc.contributor.authorBalcilar, Mehmet
dc.contributor.authorGupta, Rangan
dc.contributor.authorInglesi-Lotz, Roula
dc.contributor.emailroula.inglesi-lotz@up.ac.zaen_ZA
dc.date.accessioned2016-10-13T07:45:06Z
dc.date.issued2016-07
dc.description.abstractThis article examines the relationship between energy consumption (EC) and economic growth for South Africa for the period 1971–2009. Most studies examining this relationship do assume that it remains constant through the years; however, the reality might be different since many factors can affect the existence and direction of this causality. This article looks at a bivariate vector autoregressive process and takes into consideration any instability in the model using bootstrap rolling Granger non-causality tests. Full-sample Granger causality tests report no causal relationship between the two variables. Moreover, parameter stability tests detect instability in the model which means that the full-sample Granger causality results are not valid. We therefore allow for the possibility of structural breaks by using bootstrap rolling-window Granger causality tests. Although our results are not very strong, we do however find a sub-period from 1987 to 1989 where EC has a causal effect on gross domestic product growth. Except for this brief sub-period, the results show no linkage between economic growth and EC.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.embargo2017-07-31
dc.description.librarianhb2016en_ZA
dc.description.urihttp://www.tandfonline.com/loi/uesb20en_ZA
dc.identifier.citationJanneke Dlamini, Mehmet Balcilar, Rangan Gupta & Roula Inglesi-Lotz (2016) Relationship between energy consumption and economic growth in South Africa:Evidence from the bootstrap rolling-window approach, Energy Sources, Part B: Economics, Planning, and Policy, 11:7, 617-625, DOI:10.1080/15567249.2013.843618.en_ZA
dc.identifier.issn1556-7249 (print)
dc.identifier.issn1556-7257 (online)
dc.identifier.other10.1080/15567249.2013.843618
dc.identifier.urihttp://hdl.handle.net/2263/57140
dc.language.isoenen_ZA
dc.publisherTaylor and Francisen_ZA
dc.rights© 2016 Taylor & Francis Group, LLC. This is an electronic version of an article published in Energy Sources, Part B : Economics, Planning and Policy, vol. 11, no. 7, pp. 617-625, 2016. doi : 10.1080/15567249.2013.843618. Energy Sources, Part B: Economics, Planning and Policy is available online at : http://www.tandfonline.com/loi/uesb20.en_ZA
dc.subjectBootstrappingen_ZA
dc.subjectCausalityen_ZA
dc.subjectEconomic growthen_ZA
dc.subjectRolling windowen_ZA
dc.subjectSouth Africa (SA)en_ZA
dc.subjectEnergy consumption (EC)en_ZA
dc.titleRelationship between energy consumption and economic growth in South Africa : evidence from the bootstrap rolling-window approachen_ZA
dc.typePostprint Articleen_ZA

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