Renewable Electricity Consumption and Economic Growth: A Comparative Study of South Africa and Zimbabwe

Nyiko Worship Hlongwane and Olebogeng David Daw
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Nyiko Worship Hlongwane: School of Economics, North-West University, South Africa.
Olebogeng David Daw: School of Economics, North-West University, South Africa.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 3, 197-206

Abstract: The study conducts a comparative analysis of the relationship between renewable electricity consumption and economic growth in South Africa and Zimbabwe. The study utilises time series data spanning from 1990 to 2019 collected from the World Bank and International Energy Agency (IEA). The study performed the Dickey-Fuller Generalised Least Squares and Phillips-Perron unit root test, ARDL Bounds test for cointegration and optimal lags models. Empirical results revealed that in the short run renewable electricity consumption has a negative impact on economic growth in both countries. In the long run, however, in South Africa it has a negative statistically significant effect in South Africa and a positive statistically insignificant effect in Zimbabwe on economic growth. The study recommends the revision of renewable electricity policies in both countries to boost economic growth significantly in both countries.

Keywords: Renewable electricity consumption; Economic growth; South Africa; Zimbabwe; Autoregressive Distributed Lags Model.Africa; Zimbabwe; ARDL model (search for similar items in EconPapers)
JEL-codes: C32 O13 O43 Q43 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-03-25

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