- Title
- The relationship between financial development and energy consumption in South Africa
- Creator
- Lefatsa, Palesa Milliscent
- Subject
- Commerce in Economics
- Date Issued
- 2021-00
- Date
- 2021-00
- Type
- Masters theses
- Type
- text
- Identifier
- http://hdl.handle.net/11260/10262
- Identifier
- vital:74952
- Description
- The study empirically examined the relationship between financial development and energy consumption in South Africa for the period 1980 to 2018. To achieve this objective, the study employed an autoregressive distributed lag bounds technique and Granger causality tests. Financial development, industrialisation, and urbanisation displayed a positive and significant relationship with energy consumption, both in the short run and long run. Economic growth was positive but not significant in the shortrun and long-run. Granger causality test results displayed a unidirectional causality running from financial development and industrialisation to energy consumption. This is in favour of an alternative hypothesis, meaning there is a relationship between financial development and energy consumption in South Africa. This study recommends policies that will allow financial development to stimulate clean energy consumption while considering increases in electricity consumption. The South African government must introduce new financial policies to enhance the process of capitalisation and produce sound energy infrastructure and introduce investments in renewable energy sources to safeguard against carbon emissions.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2021
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (146 pages)
- Format
- Publisher
- Walter Sisulu University
- Publisher
- Faculty of Economics and Finacial Sciences
- Language
- English
- Rights
- Faculty of Commerce and Administration
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Palesa Lefatsa Mcom Final Submission.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |