Financial inclusion and energy productivity: evaluating the role composite risk for E7 countries

Yue Yang, Zhe Zhu, Zafir Ullah Khan and Summiya Aftab

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 5739-5756

Abstract: The global temperature has been on the rise in recent times. Due to the worsening environmental quality and greenhouse gas emissions, countries around the globe are looking for energy productivity. Various countries have successfully promoted cleaner technologies. This study empirically examines the determinants of energy productivity for the panel of seven emerging economies during 2004–2019 to understand why some countries are more energy productive compared to others. This study contributes to the previous literature by identifying the new influencing factors for a selected set of emerging countries that help import universal suggestions for improving energy productivity, green growth, and sustainable development. Using an Augmented Mean Group (A.M.G.) approach, the results suggest that financial inclusion (F.I.N.I.N.C.), globalisation (G.L.B.), human capital index (H.C.I.), composite risk index (C.R.I.) and income are important factors contributing to energy productivity in sample countries. Specifically, an increase in one unit's F.I.N.I.N.C. brings about a 3% increase in the value of energy productivity. Hence, we conclude that a well-functioning financial system is important in achieving sustainable development goals (S.D.G.s).

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2022.2035245 (text/html)
Access to full text is restricted to subscribers.

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:taf:reroxx:v:35:y:2022:i:1:p:5739-5756

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2022.2035245

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().