Show simple item record Semosa, P. D. Aphane, M. I. 2017-11-15T12:41:04Z 2017-11-15T12:41:04Z 2017
dc.identifier.isbn 978-620-73782-1 (Print)
dc.identifier.isbn 978-0-620-73783-8 (e-book)
dc.description Journal article, Published in International Conference on Public Administration and Development Alternatives (IPADA), The 2nd Annual Conference on ‛‛ The Independence of African States in the Age of Globalisation”, July 26-28, 2017 en_US
dc.description.abstract South Africa is currently running at a very low phase of economic growth and this raised major concerns to different stakeholders in the country. A balanced exchange rate together with export promotion is viewed as the key instruments that can be used to improve the growth rate of the economy. This paper is aimed at determining the impact of exchange rate and exports on economic growth of South Africa. The Augmented Dickey-Fuller (ADF) and Phillip-Perron (PP) tests were employed to determine the unit root of the time series data. Johansen cointegration procedures and vector error correction model (VECM) were used to capture the short-run and long run relationship between the variables. The Engle-Granger causality test was also employed to determine the degree of influence amongst the variables. Furthermore, the paper carried out the impulse response function (IRF) to plot the difference between time series process without a shock and the time series with a shock. The results indicate that there is a significant positive relationship between exports and economic growth. The results further indicate that there is a significant negative relationship between exchange rate and economic growth. This implies that a depreciation of the rand in the foreign exchange market can contribute positively to the home country, because more of the domestically produced products could be sold in the international market. Measures to promote exports and balanced exchange rate are therefore recommended. en_US
dc.format.extent 12 pages en_US
dc.language.iso en en_US
dc.publisher International Conference on Public Administration and Development Alternatives (IPADA) en_US
dc.relation.requires Adobe Acrobat Reader en_US
dc.subject Economic growth en_US
dc.subject Exchange rate en_US
dc.subject Exports en_US
dc.subject Johansen cointegration en_US
dc.subject Vector error correction model en_US
dc.subject Impulse response function en_US
dc.subject.lcsh Exchange rate pass-through en_US
dc.subject.lcsh Economic development en_US
dc.subject.lcsh Foreign exchange rates -- South Africa en_US
dc.title The impact of exchange rate and exports on economic growth of South Africa en_US
dc.type Article en_US

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