Financial development and energy poverty: global evidence

This study aims to shed light on the determinants of energy poverty by examining the role of financial development. Notably, the study analyses the multidimensional effects of financial development (including two subsectors and three dimensions on five indicators of energy poverty). Various estimate...

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Bibliographic Details
Published in:Environmental science and pollution research international 2021-07, Vol.28 (26), p.35188-35225
Main Authors: Nguyen, Canh Phuc, Su, Thanh Dinh, Bui, Tung Duy, Dang, Van Thi Bach, Nguyen, Binh Quang
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Earth and Environmental Science
Economics
Ecotoxicology
Electricity
Electricity distribution
Energy
Energy efficiency
Energy poverty
Energy prices
Environment
Environmental Chemistry
Environmental Health
Environmental science
Financial institutions
Financial services
Income
International finance
Money markets
Per capita
Poverty
Research Article
Securities markets
Waste Water Technology
Water Management
Water Pollution Control
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Summary:This study aims to shed light on the determinants of energy poverty by examining the role of financial development. Notably, the study analyses the multidimensional effects of financial development (including two subsectors and three dimensions on five indicators of energy poverty). Various estimates are applied with a global sample of 65 economies, consisting of 36 low- and lower-middle-income economies and 29 upper-middle-income economies for 2002–2015. First , financial development can alleviate energy poverty. Second , the results are properly consistent across the two subsectors and three dimensions. Third , the two subsectors and three dimensions of financial development are found to reduce energy poverty in low- and lower-middle-income economies but have heteroscedastic effects in upper-middle-income economies.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-13038-x