DOES ENERGY EFFICIENCY MATTER FOR POVERTY ALLEVIATION AND ECONOMIC GROWTH? A FRESH EMPIRICAL INSIGHT FROM AN ASIAN PERSPECTIVE

Xiaohan Jiang (), Jianwen Zhou (), Mingyang Wang (), Chunlong Dong () and Amir Ishaque ()
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Xiaohan Jiang: School of Mechanical Engineering, Beijing Institute of Technology, Beijing 100081, P. R. China
Jianwen Zhou: ��School of Nanjing Forestry University, Nanjing 210018, P. R. China
Mingyang Wang: ��Zhongguancun Sub-Branch, PSBC, Beijing 100080, P. R. China
Chunlong Dong: �School of Engineering, University of Lincoln, Lincoln LN67TS, UK
Amir Ishaque: �Department of Business Studies, Air University Islamabad, Pakistan

The Singapore Economic Review (SER), 2023, vol. 68, issue 04, 1427-1446

Abstract: Globally, everybody deals with poverty as a shared societal issue. It is still unclear how to investigate its causes and create new paradigms for policy, but it offers many promising directions for academic study. The use of technological innovation in this environment for social change to address poverty reduction is also an important issue. Consequently, this study investigates how effective poverty reduction may be accomplished in Asia through technological innovation and financial development. The super-efficiency data envelopment analysis model and system generalized method of moments were utilized in the present study together with data from 2010 to 2020 for an empirical estimate. The data show that different areas have effectively reduced poverty over time. However, Asia’s overall effectiveness in reducing poverty is rather unevenly distributed geographically. The significance of poverty reduction in Asia is positively impacted by technical advancement and financial prosperity. The effects of globalization on the efficacy of poverty reduction are negligible. This study presents some policy insights for decision makers based on the empirical findings.

Keywords: Poverty alleviation; DEA and GMM model; Asian perspective; financial development (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0217590823440022

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