Does energy poverty moderate the impact of economic freedom on the quality of life in Africa? A panel quantile via moment approach

Sofia Johan, Rilwan Sakariyahu, Rodiat Lawal, Audrey Paterson and Folorunsho Ajide

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: We examine the interactive effects of economic freedom and energy poverty across different conditional distributions on the quality of life in Africa. We find that free market economies with adequate supplies of electricity significantly improves the quality of life in the region. The effectiveness of economic freedom policy and access to electricity is more noticeable among countries with a lower quality of life, which suggests that if the qualities of institutions in poor African countries were strengthened and there were a constant supply of energy, the vast majority of Africans would prosper.

Keywords: Economic freedom; Energy poverty; Quality of life; Africa; Quantile regression (search for similar items in EconPapers)
JEL-codes: C22 Q4 Q43 (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:finlet:v:58:y:2023:i:pc:s1544612323009029

DOI: 10.1016/j.frl.2023.104530

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