Financial inclusion and energy poverty reduction in sub-Saharan Africa

Rabie Said; Alex O Acheampong

doi:10.1016/j.jup.2023.101567

Financial inclusion and energy poverty reduction in sub-Saharan Africa

Rabie Said^*
, Alex O Acheampong

^*Corresponding author for this work

Research output: Contribution to journal › Article › Research › peer-review

38 Citations (Scopus)

Abstract

This study examines the relationship between financial inclusion and energy poverty reduction, proxied with access to electricity and clean cooking technologies and fuels, using data from 23 Sub-Saharan African (SSA) countries from 2004 to 2019. Evidence from dynamic ordinary least squares, fully modified ordinary least squares, and canonical correlation regression techniques showed that financial inclusion significantly reduces energy poverty in SSA. However, financial inclusion's impact on energy poverty reduction differs significantly among individual SSA countries. We recommend that policies promoting financial inclusion would reduce energy poverty.

Original language	English
Article number	101567
Pages (from-to)	1-11
Number of pages	11
Journal	Utilities Policy
Volume	82
DOIs	https://doi.org/10.1016/j.jup.2023.101567
Publication status	Published - 3 May 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth

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10.1016/j.jup.2023.101567

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abstract = "This study examines the relationship between financial inclusion and energy poverty reduction, proxied with access to electricity and clean cooking technologies and fuels, using data from 23 Sub-Saharan African (SSA) countries from 2004 to 2019. Evidence from dynamic ordinary least squares, fully modified ordinary least squares, and canonical correlation regression techniques showed that financial inclusion significantly reduces energy poverty in SSA. However, financial inclusion's impact on energy poverty reduction differs significantly among individual SSA countries. We recommend that policies promoting financial inclusion would reduce energy poverty.",

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Financial inclusion and energy poverty reduction in sub-Saharan Africa

Abstract

UN SDGs

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