Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach
This study investigates the relationship between electricity consumption and electricity supply on economic growth in South Africa for the period spanning from 1971 to 2014. The importance of this study is to reveal the short run and long run impact of electricity consumption and electricity supply...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-01-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/12542 |
| _version_ | 1797913621239431168 |
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| author | Sanele Stungwa Nyiko Worship Hlongwane Olebogeng David Daw |
| author_facet | Sanele Stungwa Nyiko Worship Hlongwane Olebogeng David Daw |
| author_sort | Sanele Stungwa |
| collection | DOAJ |
| description | This study investigates the relationship between electricity consumption and electricity supply on economic growth in South Africa for the period spanning from 1971 to 2014. The importance of this study is to reveal the short run and long run impact of electricity consumption and electricity supply on economic growth in South Africa. The study borrowed annual time series data from the World Bank online secondary source for the period from 1971 to 2014. Empirical results revealed a positive statistically significant short run relationship and a negative statistically insignificant long run relationship between electricity consumption and economic growth. The results further reveal that renewable electricity has a short run negative statistically significant and positive statistically significant long-run relationship with economic growth in South Africa. Based on empirical results, it can therefore be recommended that the policymakers should implement policies that promotes renewable electricity generation and evaluate policies on electricity consumption so that it can significantly boosts economic growth in the long run. |
| first_indexed | 2024-04-10T12:14:41Z |
| format | Article |
| id | doaj.art-803e2365c4744860b2b52bbe2018977b |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T12:14:41Z |
| publishDate | 2022-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-803e2365c4744860b2b52bbe2018977b2023-02-15T16:15:50ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-01-0112110.32479/ijeep.12542Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric ApproachSanele Stungwa0Nyiko Worship Hlongwane1Olebogeng David Daw2School of Economics, North-West University, South Africa.School of Economics, North-West University, South Africa.School of Economics, North-West University, South Africa.This study investigates the relationship between electricity consumption and electricity supply on economic growth in South Africa for the period spanning from 1971 to 2014. The importance of this study is to reveal the short run and long run impact of electricity consumption and electricity supply on economic growth in South Africa. The study borrowed annual time series data from the World Bank online secondary source for the period from 1971 to 2014. Empirical results revealed a positive statistically significant short run relationship and a negative statistically insignificant long run relationship between electricity consumption and economic growth. The results further reveal that renewable electricity has a short run negative statistically significant and positive statistically significant long-run relationship with economic growth in South Africa. Based on empirical results, it can therefore be recommended that the policymakers should implement policies that promotes renewable electricity generation and evaluate policies on electricity consumption so that it can significantly boosts economic growth in the long run.https://econjournals.com/index.php/ijeep/article/view/12542Electricity consumptionElectricity supplyEconomic growthSouth AfricaARDL |
| spellingShingle | Sanele Stungwa Nyiko Worship Hlongwane Olebogeng David Daw Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach International Journal of Energy Economics and Policy Electricity consumption Electricity supply Economic growth South Africa ARDL |
| title | Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach |
| title_full | Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach |
| title_fullStr | Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach |
| title_full_unstemmed | Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach |
| title_short | Consumption and Supply of Electricity on Economic Growth in South Africa: An Econometric Approach |
| title_sort | consumption and supply of electricity on economic growth in south africa an econometric approach |
| topic | Electricity consumption Electricity supply Economic growth South Africa ARDL |
| url | https://econjournals.com/index.php/ijeep/article/view/12542 |
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