Journal
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
Volume 12, Issue 1, Pages 24-31Publisher
TAYLOR & FRANCIS INC
DOI: 10.1080/15567249.2015.1020120
Keywords
Asymmetry; energy; granger causality; growth; South Africa; time and frequency domains
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In this article, we analyze symmetric and asymmetric causal relationships between energy consumption and economic growth in time and frequency domains, using annual data covering the period of 1965-2012. In general, our results tend to suggest that energy consumption causes growth, especially the negative component of energy consumption. However, when accounting for structural breaks, results are mixed, with some evidence of growth leading to energy consumption as well. Overall, using asymmetric causality in both time and frequency domains, we tend to show that a reduction in energy consumption is likely to reduce growth; however, there is no guarantee that increases in energy consumption will boost economic growth.
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