1. Testing the Dynamic Affiliation among Financial inclusion, Energy Poverty, Environmental Degradation and Economic Development in the Selected African countries: Evidence of Panel Data Analysis
- Author
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Wowo, Zainab Dahiru, Ademola, Abdulsalam S, Abdulkarim, Ibrahim Haruna, Wowo, Zainab Dahiru, Ademola, Abdulsalam S, and Abdulkarim, Ibrahim Haruna
- Abstract
Energy is necessary for "cooking, lighting, and other business activities" and plays a vital part in daily living, in order to eradicate poverty in developing nations, affordable energy availability is a must. The study investigates the dynamic affiliation among financial inclusion, energy poverty, environmental degradation and economic development in the selected African countries using panel data analysis. The study used panel data for Nigeria, Ghana, Gabon and Niger from 2005 to 2021. The study employed fixed effect model. The panel unit root tests show that real gross domestic product, automated teller machine, depositors with commercial banks, and energy poverty are integrated of order one, while CO2 emission is integrated of order zero. The fixed effect model shows that automated teller machine, depositors with commercial banks and CO2 emission have positive and statistically significant effect on the real gross domestic product in Nigeria, Ghana, Gabon and Niger. While Energy poverty has a negative, but statistically significant effect on the real gross domestic product in Nigeria, Ghana and Gabon. The study recommends that in order to reduce energy poverty and environmental degradation in the region, African nation particularly Nigeria, Ghana, Gabon, and Niger should make sure that their citizens have access to affordable, readily available electricity. Policymakers and governments in Africa must create inclusive, well-directed financial policies that take into account the disparities in income, governance, and laws among their nations.
- Published
- 2024