In this paper we examine the causal relationship between electricity consumption and economic growth in South Africa. We incorporate the employment rate as an intermittent variable in the bivariate model between electricity ...

In this paper we examine the causal relationship between energy consumption and economic growth in three sub-Saharan African countries, namely South Africa, Kenya and Congo (DRC). We incorporate prices as an intermittent ...

In this paper we examine the dynamic causal relationship between financial development, investment and economic growth in South Africa-using the newly developed ARDL-Bounds testing procedure. Unlike the majority of the ...

This study attempts to empirically examine the impact of financial liberalisation on investment in Tanzania using the cointegration based error-correction model. The study seeks to answer one critical question: Is the ...

This paper examines the dynamic impact of interest rate reforms on economic growth in Zambia-using two models in a stepwise fashion. In the first model, the efficacy of interest rate liberalization is examined by regressing ...

In this paper, the impact of interest rate reforms on financial deepening and savings in Tanzania is examined using two models, namely the financial deepening model and the savings model. Using cointegration and error-correction ...

This study takes a fresh look at the direction of causality between savings and economic growth in South Africa during the period 1950-2005. The study was motivated by the low and declining savings rate currently prevailing ...