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The study explored reciprocal links between subject specific self-efficacy beliefs and performance using cross-lagged analysis. Data from a nationally representative sample of adolescents, provided support for the reciprocal causation model between self-efficacy beliefs and performance as described in Bandura’s (1986) social-cognitive theory. The reciprocal causation model was found to be invariant across gender groups, regardless of socio-economic status and intrinsic interest differences. Race and ethnicity, however, were found to moderate the relationship between self-efficacy and performance over time. Findings suggest that caution should be exercised when claims of causal predominance are made.