Modelling the nexus between finance, government revenue, institutional quality and sustainable energy supply in West Africa

Kayode David Kolawole (), Biliqees Ayoola Abdulmumin (), Gizem Uzuner (), Oluwagbenga Abayomi Seyingbo () and Lukman Adebayo-Oke Abdulrauf ()
Additional contact information
Kayode David Kolawole: University of Ilorin
Biliqees Ayoola Abdulmumin: University of Ilorin
Gizem Uzuner: New Uzbekistan University
Oluwagbenga Abayomi Seyingbo: University of Winchester
Lukman Adebayo-Oke Abdulrauf: Kwara State University

Journal of Economic Structures, 2024, vol. 13, issue 1, 1-13

Abstract: Abstract The present study examined the relationship between finance, government revenue, institutional quality and sustainable energy supply in West Africa countries over annual frequency period from 2012 to 2020. To achieve the outlined nexus between study variables, the present study leverages on a battery of panel analysis for robust inferences. The econometric estimators employed are panel random effect regression, generalized method of moment technique. Furthermore, panel Granger causality test is utilized to analyze the direction of flow among the variables for the study. Empirical results revealed that financial development is a significant determinant of energy supply in West Africa countries while a negligible effect was reported for institutional quality and sustainable energy supply. Thus, the present study concludes that finance from financial sector is important in ensuring sufficient energy supply. To this end, this study therefore, recommends that incentives should be given to financial institutions that fund energy generation and transmission as financial development is seen to be significant on energy supply.

Keywords: Finance; Government revenue; Institutional quality; Sustainable energy supply; Panel econometrics; West Africa (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1186/s40008-023-00325-8 Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jecstr:v:13:y:2024:i:1:d:10.1186_s40008-023-00325-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40008

DOI: 10.1186/s40008-023-00325-8

Access Statistics for this article

Journal of Economic Structures is currently edited by Shigemi Kagawa and Kazuhiko Nishimura

More articles in Journal of Economic Structures from Springer, Pan-Pacific Association of Input-Output Studies (PAPAIOS) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().