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Does Energy Efficiency Matter For Poverty Alleviation And Economic Growth? A Fresh Empirical Insight From An Asian Perspective

Author

Listed:
  • XIAOHAN JIANG

    (School of Mechanical Engineering, Beijing Institute of Technology, Beijing 100081, P. R. China)

  • JIANWEN ZHOU

    (��School of Nanjing Forestry University, Nanjing 210018, P. R. China)

  • MINGYANG WANG

    (��Zhongguancun Sub-Branch, PSBC, Beijing 100080, P. R. China)

  • CHUNLONG DONG

    (�School of Engineering, University of Lincoln, Lincoln LN67TS, UK)

  • AMIR ISHAQUE

    (�Department of Business Studies, Air University Islamabad, Pakistan)

Abstract

Globally, everybody deals with poverty as a shared societal issue. It is still unclear how to investigate its causes and create new paradigms for policy, but it offers many promising directions for academic study. The use of technological innovation in this environment for social change to address poverty reduction is also an important issue. Consequently, this study investigates how effective poverty reduction may be accomplished in Asia through technological innovation and financial development. The super-efficiency data envelopment analysis model and system generalized method of moments were utilized in the present study together with data from 2010 to 2020 for an empirical estimate. The data show that different areas have effectively reduced poverty over time. However, Asia’s overall effectiveness in reducing poverty is rather unevenly distributed geographically. The significance of poverty reduction in Asia is positively impacted by technical advancement and financial prosperity. The effects of globalization on the efficacy of poverty reduction are negligible. This study presents some policy insights for decision makers based on the empirical findings.

Suggested Citation

  • Xiaohan Jiang & Jianwen Zhou & Mingyang Wang & Chunlong Dong & Amir Ishaque, 2023. "Does Energy Efficiency Matter For Poverty Alleviation And Economic Growth? A Fresh Empirical Insight From An Asian Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1427-1446, June.
    • Handle: RePEc:wsi:serxxx:v:68:y:2023:i:04:n:s0217590823440022
    DOI: 10.1142/S0217590823440022
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