Do Energy Access and Climate Change Worsen Poverty in West Africa? Empirical Evidence using Panel Analysis
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 06
Abstract
This study examined how access to energy and climate change affect poverty level in some selected West African countries. To achieve the objectives of this study, the researchers collected data on energy access, electricity generated, electricity consumed, price of electricity, climate change (carbon emission) and poverty index from the six selected countries. The selected six (6) countries in west Africa for the study are: Benin, Ghana, Liberia, Nigeria, Senegal, and Sierra Leone based on energy consumption and population size. The period covered by the study is 1995-2022. Both statistical and econometric techniques were adopted for the analysis of the data. Based on the analysis of the data using the Arellano-Bond two-step GMM Dynamic Panel econometric technique, some key empirical findings were made are: Volume of electricity generated had positive and insignificant impact on poverty index. This shows that volume of electricity generated as measure of energy access was not a significant predictor of poverty reduction among the selected west African countries during the period reviewed. Electricity consumed had a positive but insignificant impact on poverty index. This implies that electricity consumed was not a significant predictor of poverty rate among selected west African countries during the period reviewed. Access to electricity had a negative but insignificant impact on and poverty index. This implies that access to electricity was not a significant predictor of poverty reduction among selected countries in west African sub region during the period reviewed. Also, carbon emission as a proxy for climate change impacted negatively but insignificantly on poverty level. This implies that climate change was not a significant predictor of poverty eradication among selected west African countries during the period reviewed. Based on these findings the study recommended effective policies that will address electricity pricing, electricity subsidy and electricity metering in the selected west African countries as possible measures of eradicating poverty in the sub region.
Authors and Affiliations
Polycarp Ihejirika , Alwell Nteegah , Chijioke Nwaozuzu,
Keywords
Related Articles
- EP ID EP737182
- DOI 10.47191/jefms/v7-i6-29
- Views 68
- Downloads 0
Comparative Analysis of the Reduced form Model and the Structural Model in Credit Risk Modelling
Credit risk models are statistical tools to infer the future default probabilities and loss distribution of values of a portfolio of debts. Credit risk modelling is prevalent in today’s financial decision-making process....
Digital Conversion of Document Management at Thu Dau Mot University, Binh Duong Province
Currently, in management and administration activities, Thu Dau Mot University produces a large amount of management, administration, and direction information stored in text form. To meet the development requirements of...
Problems of Audit Organization in the Context of Digitalization of the Economy
The article discusses the organization of audit in the Republic of Uzbekistan in the digital economy. It is also based on the fact that in the context of the digitalization of the economy, significant changes will occur...
NGOs as Contributing Factor to Local Communities’ Development in Rwanda. An Overview of Care International in Bugesera District
This paper investigated the contribution of NGOs on the local communities’ development in Rwanda, a case of Care International in Bugesera District (2015-2019). Specific objectives were to analyze Care International-NGO...
A Study for Hanoi on How Perceived Value and Service Quality Affect Customer Satisfaction in Healthcare Insurance
Healthcare insurance is currently attracting special attention in low- and middle-income countries. Theory and practice have proven that healthcare insurance is a means to improve access to healthcare services for all pe...