Impact of income inequality on renewable energy demand in south Asian economies
Article
Article Title | Impact of income inequality on renewable energy demand in south Asian economies |
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ERA Journal ID | 32863 |
Article Category | Article |
Authors | Mahalik, Mantu Kumar, Patel, Gupteswar, Sahoo, Bimal Kishore and Rahman, Mohammad Mafizur |
Journal Title | Energy Policy |
Journal Citation | 180 |
Article Number | 113628 |
Number of Pages | 9 |
Year | 2023 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 0301-4215 |
1873-6777 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.enpol.2023.113628 |
Web Address (URL) | https://www.sciencedirect.com/science/article/abs/pii/S0301421523002136 |
Abstract | The demand for renewable energy is growing worldwide due to environmental degradation. However, in poor countries, the use of renewable energy may be impeded by the level of poverty and income inequality. Therefore, this paper studies the income inequality impact on renewable energy demand in seven South Asian economies by using the balanced panel data from 1996 to 2018. The study employs generalized methods of moments (GMM) estimation technique followed by other econometric approaches to check the robustness of findings. The renewable energy demand function includes economic growth, carbon emissions, and government effectiveness as control variables. The study has found the adverse effects of income inequality, economic growth, and carbon emissions on renewable energy demand. Government effectiveness also drives renewable energy use. The findings are robust and reliable concerning panel data methods used in the analysis. These findings bear important policies for a sustainable environment in South Asian economies. |
Keywords | Renewable energy; Income inequality; Panel data method; South Asian economies |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 380105. Environment and resource economics |
380204. Panel data analysis | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | Indian Institute of Technology, India |
School of Business |
https://research.usq.edu.au/item/yyvzz/impact-of-income-inequality-on-renewable-energy-demand-in-south-asian-economies
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