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Does energy poverty moderate the impact of economic freedom on the quality of life in Africa? A panel quantile via moment approach

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  • Johan, Sofia
  • Sakariyahu, Rilwan
  • Lawal, Rodiat
  • Paterson, Audrey
  • Ajide, Folorunsho M.

Abstract

We examine the interactive effects of economic freedom and energy poverty across different conditional distributions on the quality of life in Africa. We find that free market economies with adequate supplies of electricity significantly improves the quality of life in the region. The effectiveness of economic freedom policy and access to electricity is more noticeable among countries with a lower quality of life, which suggests that if the qualities of institutions in poor African countries were strengthened and there were a constant supply of energy, the vast majority of Africans would prosper.

Suggested Citation

  • Johan, Sofia & Sakariyahu, Rilwan & Lawal, Rodiat & Paterson, Audrey & Ajide, Folorunsho M., 2023. "Does energy poverty moderate the impact of economic freedom on the quality of life in Africa? A panel quantile via moment approach," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009029
    DOI: 10.1016/j.frl.2023.104530
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    More about this item

    Keywords

    Economic freedom; Energy poverty; Quality of life; Africa; Quantile regression;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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