Do aggregate domestic consumption spending & technological innovation affect industrialization in South Africa?  An application of linear & non-linear ARDL models

The current paper has attempted to measure the effect of the positive and negative shocks of aggregate domestic consumption spending (ADCS) and technological innovation (TINN) on industrialisation in South Africa using the time-series data from 1980 to 2014. The ARDL estimations indicated that the A...

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Bibliographic Details
Published inJournal of applied economics Vol. 23; no. 1; pp. 44 - 65
Main Authors Ahmad, Manzoor, Khattak, Shoukat Iqbal, Khan, Shehzad, Rahman, Zia Ur
Format Journal Article
LanguageEnglish
Published Routledge 01.01.2020
Taylor & Francis Group
Subjects
Aggregate domestic consumption spending (ADCS)
ARDL
NARDL
technological innovation (TINN)
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Summary:The current paper has attempted to measure the effect of the positive and negative shocks of aggregate domestic consumption spending (ADCS) and technological innovation (TINN) on industrialisation in South Africa using the time-series data from 1980 to 2014. The ARDL estimations indicated that the ADCS and TINN determine industrialisation in both the short term and long term, while the NARDL estimations suggested that the positive shocks in ADCS and TINN have a positive effect on industrialisation in both the short run and long run. Our results validated an asymmetrical association between TINN and industrialisation, and between ADCS and industrialisation.
ISSN:1514-0326
1667-6726
DOI:10.1080/15140326.2019.1683368