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Leveraging On Energy Security To Alleviate Poverty In Asian Economies

Author

Listed:
  • FARHAD TAGHIZADEH-HESARY

    (Social Science Research Institute, Tokai University, Japan)

  • ABDULRASHEED ZAKARI

    (School of Management and Economics, Beijing Institute of Technology, Beijing, P. R. China3Alma Mater Europaea ECM, Maribor, Slovenia)

  • NAOYUKI YOSHINO

    (Keio University, Japan)

  • IRFAN KHAN

    (School of Management and Economic, Beijing Institute of Technology, Beijing, P. R. China)

Abstract

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.

Suggested Citation

  • Farhad Taghizadeh-Hesary & Abdulrasheed Zakari & Naoyuki Yoshino & Irfan Khan, 2023. "Leveraging On Energy Security To Alleviate Poverty In Asian Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1063-1090, June.
    • Handle: RePEc:wsi:serxxx:v:68:y:2023:i:04:n:s0217590822440015
    DOI: 10.1142/S0217590822440015
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    Citations

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    Cited by:

    1. Zhengxin Li & Md. Qamruzzaman, 2023. "Nexus between Environmental Degradation, Clean Energy, Financial Inclusion, and Poverty: Evidence with DSUR, CUP-FM, and CUP-BC Estimation," Sustainability, MDPI, vol. 15(19), pages 1-31, September.

    More about this item

    Keywords

    Poverty reduction; energy poverty; energy security; Asian economies; inclusive growth;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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