This paper examines the causal relationship between renewable energy consumption and economic growth for the G7 countries using annual data from 1990 to 2011. We implement a bootstrap panel causality procedure which allows us to circumvent the data limitation while accounting for the...

This paper analyses the causal linkages between nuclear energy consumption and economic growth for a panel of six developed countries including Canada, France, Germany, Japan, the UK and the US. Using annual data from 1971 to 2011, a Granger causality procedure based on meta-analysis in...

This paper empirically analyses the causal linkages between coal consumption and economic growth in the BRICS countries using annual data from 1985 to 2009. We apply a panel causality methodology that accounts for both cross-section dependence and heterogeneity across countries. Empirical...

This paper examines the housing-output growth nexus in South Africa by accounting for the time variation in the causal link with a bootstrapped rolling Granger non-causality test. We use quarterly data on real gross domestic product, real house prices, real gross fixed capital formation and...

This paper examines whether a volatility/risk transmission exists between world energy and the US financial markets during the pre-, the in-, and the post-2008 crisis periods by employing world oil prices and Cleveland financial stress index. It also explores causal dynamics and derives the...

This paper provides out-of-sample forecasts of linear and non-linear models of US and Census regions housing prices. The forecasts include the traditional point forecasts, but also include interval and density forecasts of the housing price distributions. The non-linear smooth-transition...

This paper examines the impact of real effective exchange rate uncertainty on aggregate exports of South Africa for the period 1986Q4-2013Q2. We use a bivariate framework where the structural vector autoregression is modified to accommodate bivariate GARCH-in-Mean errors. We find that exchange...

The aim of this paper is to investigate the causal relationship between agricultural prices in South Africa and global oil prices. A nonlinear Granger causality test based on moment conditions, introduced by Nishiyama et al (2011) is employed and we find that there is indeed a causal...