- Title
- The impact of oil price changes on selected economic indicators in South Africa
- Creator
- Vellem, Nomtha
- Subject
- Petroleum industry and trade -- South Africa
- Subject
- Foreign exchange rates -- South Africa
- Subject
- Interest rate futures -- South Africa
- Subject
- Economic indicators -- South Africa
- Date
- 2014
- Type
- Thesis
- Type
- Masters
- Type
- M Com
- Identifier
- vital:11485
- Identifier
- http://hdl.handle.net/10353/d1017862
- Identifier
- Petroleum industry and trade -- South Africa
- Identifier
- Foreign exchange rates -- South Africa
- Identifier
- Interest rate futures -- South Africa
- Identifier
- Economic indicators -- South Africa
- Description
- The study examines the effect of oil price changes on selected economic indicators in South Africa. A VAR-5 model was applied to quarterly data of 1990:Q1-2012:Q4 estimating the impulse response functions, variance decomposition and Granger-causality tests. The findings allow for a conclusion that oil significantly affects the exchange rate and an inverse link between oil and GDP exists. A unidirectional relation is found where oil Granger-causes the exchange rate and GDP Granger-causes oil in South Africa.
- Format
- 106 leaves; 30 cm
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Management & Commerce
- Language
- English
- Rights
- University of Fort Hare
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UFH Department of Economics
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