Financial inclusion and energy poverty reduction in sub-Saharan Africa

Rabie Said and Alex Acheampong

Utilities Policy, 2023, vol. 82, issue C

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.

Keywords: Financial inclusion; Energy poverty; Sub-saharan africa; Panel data (search for similar items in EconPapers)
JEL-codes: G21 O1 Q48 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:82:y:2023:i:c:s0957178723000796

DOI: 10.1016/j.jup.2023.101567

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