Journal
SINGAPORE ECONOMIC REVIEW
Volume 68, Issue 4, Pages 1063-1090Publisher
WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S0217590822440015
Keywords
Poverty reduction; energy poverty; energy security; Asian economies; inclusive growth
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This study examines the role of energy security in poverty reduction in the 12 poorest Asian economies from 2000 to 2019. The findings reveal a negative relationship between energy security and poverty reduction, suggesting that energy security helps reduce poverty. Therefore, energy security plays a crucial role in promoting sustainable poverty alleviation.
This study examines the role of energy security in poverty reduction in the 12 poorest Asian economies from 2000 to 2019. We postulated an energy security index using principal component analysis. We adopted the system generalized method of a moment technique to manage endogeneity and dynamism in the model. For robustness, we applied a panel-corrected standard error (PCSE). We found a negative relationship between energy security and poverty reduction, suggesting that energy security helps reduce poverty. We conclude that energy security promotes sustainable poverty alleviation and recommends feed-in tariffs, net metering, tax credits, and energy resource diversification away from fossil fuels.
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