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The moderating role of remittances in the energy security-poverty nexus in developing countries

Yogeeswari Subramaniam, Nanthakumar Loganathan and Thirunaukarasu Subramaniam

Utilities Policy, 2023, vol. 84, issue C

Abstract: Even though the existing studies have been investigating the impact of poverty on energy security, the literature overlooks the moderating mechanism of the energy security-poverty nexus. This study examines the role of remittances in moderating the energy security-poverty nexus in 50 developing countries from 2014 to 2020 to fill these gaps. Applying the Generalized Method of Moments (GMM), the results provide supportive evidence that remittances play a role in mitigating the negative impact of poverty on energy security. The negative effect of three poverty levels, namely incomes of $1.90 per day, $3.20 per day, and $5.50 per day, declines as a country's remittance level rises. As a result, this study justifies the need to promote more inflow of remittances, which will reduce poverty levels, increase energy access, and contribute to energy security.

Keywords: Energy security; Poverty; Remittances; Developing countries (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:84:y:2023:i:c:s0957178723001674

DOI: 10.1016/j.jup.2023.101655

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