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Does financial market participation eradicate household energy poverty?

Author

Listed:
  • Cheng, Shulei
  • Wei, Tianyu
  • Wang, Feiran
  • Zhuang, Lu

Abstract

Energy poverty eradication is essential for achieving sustainable development goals; however, household financial participation behavior in eliminating energy poverty has not been received much attention. In this study, the impact of financial market participation on household energy poverty was investigated by applying the multidimensional energy poverty index measured by the entropy method and using data from the 2015 Chinese General Social Survey. The results showed that financial market participation significantly reduced household energy poverty. Meanwhile, future expectation was an important mediating mechanism in this process. Moreover, the increase in financial risk reduced the effect of future expectation on household energy poverty because higher financial risk weakened household financial stability. The findings offered a new perspective on eradicating household energy poverty by promoting financial market participation.

Suggested Citation

  • Cheng, Shulei & Wei, Tianyu & Wang, Feiran & Zhuang, Lu, 2023. "Does financial market participation eradicate household energy poverty?," Energy Economics, Elsevier, vol. 122(C).
    • Handle: RePEc:eee:eneeco:v:122:y:2023:i:c:s0140988323001858
    DOI: 10.1016/j.eneco.2023.106687
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    Citations

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    Cited by:

    1. Wang, Feiran & Zhuang, Lu & Cheng, Shasha & Zhang, Yue & Cheng, Shulei, 2024. "Spatiotemporal variation and convergence analysis of China's regional energy security," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    2. Ivana Rogulj & Marco Peretto & Vlasios Oikonomou & Shima Ebrahimigharehbaghi & Christos Tourkolias, 2023. "Decarbonisation Policies in the Residential Sector and Energy Poverty: Mitigation Strategies and Impacts in Central and Southern Eastern Europe," Energies, MDPI, vol. 16(14), pages 1-21, July.
    3. Yong Bian & Xiqian Wang & Qin Zhang, 2023. "How Does China's Household Portfolio Selection Vary with Financial Inclusion?," Papers 2311.01206, arXiv.org.
    4. Ahmad, Munir & Jabeen, Gul, 2023. "Biogas technology adoption and household welfare perspectives for sustainable development," Energy Policy, Elsevier, vol. 181(C).
    5. Cheng, Shulei & Wang, Kexin & Meng, Fanxin & Liu, Gengyuan & An, Jiafu, 2024. "The unanticipated role of fiscal environmental expenditure in accelerating household carbon emissions: Evidence from China," Energy Policy, Elsevier, vol. 185(C).
    6. Hui Wang & Muhammad Wasif Zafar & Shujaat Abbas & Mehmet Akif Destek, 2023. "An assessment of energy poverty in sub-Saharan Africa: the role of financial inclusion and education," Economic Change and Restructuring, Springer, vol. 56(6), pages 4689-4711, December.

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