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Nexus of energy security and poverty in selected Asian economies

In: A Modern Guide to Energy Economics

Author

Listed:
  • Abdulrasheed Zakari
  • Farhad Taghizadeh-Hesary
  • Naoyuki Yoshino
  • Irfan Khan

Abstract

This chapter delves into the impact of energy security on poverty alleviation across a span of 12 economically challenged Asian nations. Utilizing principal component analysis, we constructed an energy security index to discern its role in the context of poverty reduction. To address issues of endogeneity and dynamism, we employed the system generalized method of moment technique, complemented by a panel-corrected standard error for robustness. Our findings unveil a positive correlation between energy security and poverty reduction, challenging conventional assumptions. This study concludes that bolstering energy security emerges as a catalyst for sustainable poverty alleviation. Our recommendations advocate for implementing feed-in tariffs, net metering, tax credits, and a strategic shift towards energy resource diversification, steering away from fossil fuels.

Suggested Citation

  • Abdulrasheed Zakari & Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Irfan Khan, 2024. "Nexus of energy security and poverty in selected Asian economies," Chapters, in: Farhad Taghizadeh-Hesary & Ehsan Rasoulinezhad & Naoyuki Yoshino (ed.), A Modern Guide to Energy Economics, chapter 9, pages 222-251, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21780_9
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803927732.00020
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    Keywords

    Economics and Finance; Environment;

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