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Does capital flight set Africa as the seat of darkness? Linking capital flight and energy poverty

Author

Listed:
  • Désire Avom

    (CEREG, Faculty of Economics and Management, University of Yaoundé 2 SOA)

  • Chrysost Bangake

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Brice Kamguia

    (CEREG, Faculty of Economics and Management, University of Yaoundé 2 SOA)

Abstract

Despite the fact that capital flight is a scourge for African economies, no study, to the best of our knowledge, has analyzed its effects on energy poverty. This study aims to fill this gap in the literature by providing one of the first empirical studies of the effects of capital flight on energy poverty. The present study focuses on a panel of 30 countries in Africa over the period 2000–2018. We use Principal Component Analysis (PCA) to construct an energy poverty indicator. Results suggest that capital flight increases energy poverty in Africa. This result is robust when controlling for endogeneity. Additionally, good institutional quality helps mitigate the negative effects of capital flight on energy poverty. Further analysis allows us to identify income inequality, government spending and unemployment as the channels through which capital flight influences energy poverty. Policy wise, better control of capital flows based on appropriate institutional settings should reduce energy poverty in Africa.

Suggested Citation

  • Désire Avom & Chrysost Bangake & Brice Kamguia, 2024. "Does capital flight set Africa as the seat of darkness? Linking capital flight and energy poverty," Post-Print hal-04816685, HAL.
    • Handle: RePEc:hal:journl:hal-04816685
    DOI: 10.1016/j.energy.2024.133033
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    Cited by:

    1. Malah-Kuete, Flora Yselle, 2025. "Understanding the clean cooking energy access gap among developing countries: Sub-Saharan Africa vs. other developing regions," Energy, Elsevier, vol. 319(C).
    2. Liu, Minghao & Gou, Zhonghua, 2024. "Examining the relationship between dwelling energy efficiency and fuel poverty for retrofit strategies: A case study of the United Kingdom," Energy, Elsevier, vol. 311(C).
    3. Agnoung Amang, Raïssa Elodie & Keneck-Massil, Joseph & Tadadjeu, Sosson, 2025. "Does state capacity influence energy poverty in developing countries?," Energy, Elsevier, vol. 322(C).
    4. Takako Mochida & Andrew Chapman & Benjamin Craig McLellan, 2025. "Exploring Energy Poverty: Toward a Comprehensive Predictive Framework," Energies, MDPI, vol. 18(10), pages 1-23, May.
    5. Du, Zhaoyi & Njangang, Henri & Kim, Youngchul, 2025. "Beyond the target: How do monetary policies affect energy poverty?," Energy, Elsevier, vol. 320(C).
    6. Li, Guoxiang & Zhang, Ningyu & Ma, Wenjuan & Zhang, Shaoyong, 2025. "Factor network association, energy poverty and energy performance: The mitigation effects of the “belt and road” initiative," Applied Energy, Elsevier, vol. 390(C).

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