Remittances, Capital Flight and Renewable Energy Consumption in Sub-Saharan Africa

Simplice Asongu

No 26/044, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: The present study complements the extant literature by assessing how remittances affect the incidence of capital flight on renewable energy consumption in 20 Sub-Saharan African countries. The empirical evidence is based on interactive quantile regressions and the following findings are established. There is an unconditional negative incidence of capital flight on renewable energy consumption while remittances mitigate the negative incidence of capital flight on renewable energy consumption. Furthermore, thresholds of remittances are apparent at which the unfavorable incidence of capital flight on renewable energy consumption is completely mitigated. The corresponding remittances thresholds which are exclusively apparent in the bottom quantiles of the renewable energy distribution are 0.999 and 0.909 (% of GDP) in the 10th and 25th quantiles, respectively. Policy implications are discussed.

Keywords: Remittances; Capital Flight; Renewable Energy; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: H10 O11 O55 Q20 Q30 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2026-01
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http://publications.excas.org/RePEc/exs/exs-wpaper ... b-Saharan-Africa.pdf Revised version, 2026 (application/pdf)

Related works:
Working Paper: Remittances, Capital Flight and Renewable Energy Consumption in Sub-Saharan Africa (2026)
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Persistent link: https://EconPapers.repec.org/RePEc:exs:wpaper:26/044

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