IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v15y2024i2d10.1007_s13132-023-01273-1.html
   My bibliography  Save this article

Investigating the Impact of Financial Inclusion on Energy Consumption: Does Corruption Matter?

Author

Listed:
  • Ming Zhong

    (Jiangxi University of Finance and Economics
    Jiangxi Environmental Engineering Vocational College)

  • Jingjing Yu

    (Jiangxi Environmental Engineering Vocational College)

  • Syed Anees Haider Zaidi

    (University of Warsaw)

Abstract

Financial inclusion (FI) is an integral part of the financial system in any economy. It shapes the energy consumption patterns in the countries, but corruption may disturb these patterns. To explore this phenomenon, this paper aims at examining the impact of financial inclusion on energy consumption by considering the important role of corruption in 22 selected OECD nations. The study covers the period from 2004 to 2019 and uses second-generation tests for unit root and cross-sectional dependence. This study uses Driscoll-Kraay standard errors with random effect and other robustness measures for estimations. The results show that financial inclusion and income increase energy consumption. Here, it is required to encourage renewable energy sources and discourage non-renewable energy sources. Results also reflect that corruption control, globalization, and education decrease energy consumption in OECD countries. This is an indication that OECD consists of advanced countries where education ratio and international trade are of higher volume that cause reduction in energy consumption through modern technology. The empirical findings suggest that financial inclusion needs to be included in the policy-making for growth and energy consumption strategies.

Suggested Citation

  • Ming Zhong & Jingjing Yu & Syed Anees Haider Zaidi, 2024. "Investigating the Impact of Financial Inclusion on Energy Consumption: Does Corruption Matter?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8797-8814, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01273-1
    DOI: 10.1007/s13132-023-01273-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-023-01273-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-023-01273-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01273-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.