Effects of remittances on renewable energy consumption: Evidence from instrumental variable estimation with panel data

Shamal Chandra Karmaker, Munim Kumar Barai, Kanchan Kumar Sen and Bidyut Baran Saha

Utilities Policy, 2023, vol. 83, issue C

Abstract: This study investigates the impact of remittances on renewable energy consumption (REC) using a panel of 25 top remittance-receiving countries for 1990–2018. We use a generalized two-stage least squares random effect model to estimate the impact of remittance on renewable energy use. Results showed that remittances and REC have a generally positive relationship among the studied nations. Governments may create a system to incentivize remittance-receiving households to adopt and utilize more carbon-neutral energy devices at a lower cost if they pay with remittances. This approach could lead to higher societal adoption and consumption of green energy.

Keywords: Generalized two-stage least square (G2SLS); Remittance; Renewable energy consumption (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:83:y:2023:i:c:s0957178723001261

DOI: 10.1016/j.jup.2023.101614

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