Impact of green energy policies on sustainable standards of living in South Africa: An ARDLand Toda-Yamamotoapproach
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Impact of green energy policies on sustainable standards of living in South Africa: An ARDLand Toda-Yamamotoapproach
Julius Oyebanji Ibitoye and Ewert P.J. Kleynhans
Publisher: African Review of Economics and Finance
Pub: 2025-01-23 08:48:06
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This article investigates the long-term relationship between the Sustainable Development Goals (SDGs) of the United Nations and green energy in South Africa. It explains long-term impact of green energy policies of government on educational quality, agricultural development, unemployment rate and per capita gross domestic product. Autoregressive distributed lag-bound testing and Toda-Yamamoto approaches were applied to the data between 1994 and 2016. The results revealed a significant positive relationship between green energy, agricultural growth, and educational quality. Bidirectional causality between green energy policy variables, educational quality and agricultural growth are confirmed, while the impact on unemployment is yet to be established and the impact on wealth remains insignificant.
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Keywords
renewable energy; green energy; standard of living; unemployment; GDP per capita; South Africa
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Keywords
renewable energy; green energy; standard of living; unemployment; GDP per capita; South Africa