FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA
This paper explores the connection amid renewable energy, FDI and economic growth in South Africa using the vector error correction model (VECM) and exogeneity granger causality test. The data employed in this study covered 1990-2020, all obtainable from World development indicator (WDI) and Intern...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Department of Accounting and Finance, Federal University Gusau
2023-10-01
|
| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/253 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823857069937131520 |
|---|---|
| author | Ahmed Oluwatobi Adekunle |
| author_facet | Ahmed Oluwatobi Adekunle |
| author_sort | Ahmed Oluwatobi Adekunle |
| collection | DOAJ |
| description |
This paper explores the connection amid renewable energy, FDI and economic growth in South Africa using the vector error correction model (VECM) and exogeneity granger causality test. The data employed in this study covered 1990-2020, all obtainable from World development indicator (WDI) and International Energy Agency (IEA). The results revealed that a significant causal connection from economic growth to renewable energy is observed over the long-run while renewable energy does not granger cause economic growth, a uni-directional causality exist amid the economic growth and renewable energy. The study recommends that the government should offer some sort of help to make sure organizations or companies are adequately influenced to depend largely on renewable energy which will facilitate ecological friendly system in the country.
|
| format | Article |
| id | doaj-art-86c2b7fa1a87442ebf875ed5a85b4a36 |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2023-10-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-86c2b7fa1a87442ebf875ed5a85b4a362025-02-12T01:06:53ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972023-10-014210.57233/gujaf.v4i2.10FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICAAhmed Oluwatobi Adekunle0Walter Sisulu University, South Africa This paper explores the connection amid renewable energy, FDI and economic growth in South Africa using the vector error correction model (VECM) and exogeneity granger causality test. The data employed in this study covered 1990-2020, all obtainable from World development indicator (WDI) and International Energy Agency (IEA). The results revealed that a significant causal connection from economic growth to renewable energy is observed over the long-run while renewable energy does not granger cause economic growth, a uni-directional causality exist amid the economic growth and renewable energy. The study recommends that the government should offer some sort of help to make sure organizations or companies are adequately influenced to depend largely on renewable energy which will facilitate ecological friendly system in the country. https://journals.gujaf.com.ng/index.php/gujaf/article/view/253FDIRenewable energyGrowthSouth AfricaVECM |
| spellingShingle | Ahmed Oluwatobi Adekunle FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA Gusau Journal of Accounting and Finance FDI Renewable energy Growth South Africa VECM |
| title | FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA |
| title_full | FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA |
| title_fullStr | FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA |
| title_full_unstemmed | FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA |
| title_short | FOREIGN DIRECT INVESTMENT, RENEWABLE ENERGY AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM SOUTH AFRICA |
| title_sort | foreign direct investment renewable energy and economic growth an empirical analysis from south africa |
| topic | FDI Renewable energy Growth South Africa VECM |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/253 |
| work_keys_str_mv | AT ahmedoluwatobiadekunle foreigndirectinvestmentrenewableenergyandeconomicgrowthanempiricalanalysisfromsouthafrica |