Can financial inclusion affect energy poverty in China?: evidence from a spatial econometric analysis
Can financial inclusion affect energy poverty in China?: evidence from a spatial econometric analysis
The relationship between financial inclusion (FI) and energy poverty (EP) has received increasing attention across several disciplines in recent years. This study collects panel data from 30 provinces in China from 2011 to 2017 to determine the effects of FI on EP from a spatial analysis perspective. By the spatial Durbin modelling (SDM), it is found that the FI contributes to the alleviation of the EP. Meanwhile, through the heterogeneity analysis from the three dimensions of the FI, we observe that the coverage and the use depth of the FI have significant effects on the EP, with the use depth exhibiting the effect most obviously. Moreover, by analyzing the intermediary effect of the FI on the EP, we find that the FI alleviates the EP through upgrading the industrial structure. In summary, this paper shows that the implementation of the FI impacts the EP and contributes to the EP reduction. These findings may help to inform the development of effective policies with provision of theoretical support for reduction of the EP.
China, Energy poverty, Financial inclusion, Mediation effect, Spatial econometric analysis
255-269
Wang, Xiong
f2e02f5f-8371-4069-9b19-2d4e67eabea8
Yang, Wanping
ad5de8ee-8c4e-4e67-afcd-db610586940f
Ren, Xiaohang
644d6dde-0155-4872-9488-336acf86dba2
Lu, Zudi
4aa7d988-ac2b-4150-a586-ca92b8adda95
1 May 2023
Wang, Xiong
f2e02f5f-8371-4069-9b19-2d4e67eabea8
Yang, Wanping
ad5de8ee-8c4e-4e67-afcd-db610586940f
Ren, Xiaohang
644d6dde-0155-4872-9488-336acf86dba2
Lu, Zudi
4aa7d988-ac2b-4150-a586-ca92b8adda95
Wang, Xiong, Yang, Wanping, Ren, Xiaohang and Lu, Zudi
(2023)
Can financial inclusion affect energy poverty in China?: evidence from a spatial econometric analysis.
International Review of Economics and Finance, 85, .
(doi:10.1016/j.iref.2023.01.020).
Abstract
The relationship between financial inclusion (FI) and energy poverty (EP) has received increasing attention across several disciplines in recent years. This study collects panel data from 30 provinces in China from 2011 to 2017 to determine the effects of FI on EP from a spatial analysis perspective. By the spatial Durbin modelling (SDM), it is found that the FI contributes to the alleviation of the EP. Meanwhile, through the heterogeneity analysis from the three dimensions of the FI, we observe that the coverage and the use depth of the FI have significant effects on the EP, with the use depth exhibiting the effect most obviously. Moreover, by analyzing the intermediary effect of the FI on the EP, we find that the FI alleviates the EP through upgrading the industrial structure. In summary, this paper shows that the implementation of the FI impacts the EP and contributes to the EP reduction. These findings may help to inform the development of effective policies with provision of theoretical support for reduction of the EP.
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Accepted/In Press date: 24 January 2023
e-pub ahead of print date: 24 January 2023
Published date: 1 May 2023
Additional Information:
Funding Information:
The article is supported by the Natural Science Fund of Hunan Province ( 2022JJ40647 ).
Publisher Copyright:
© 2023 Elsevier Inc.
Keywords:
China, Energy poverty, Financial inclusion, Mediation effect, Spatial econometric analysis
Identifiers
Local EPrints ID: 475926
URI: http://eprints.soton.ac.uk/id/eprint/475926
ISSN: 1059-0560
PURE UUID: a9fe4b6e-eb88-4f35-858b-0ccfb5f2a32d
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Date deposited: 31 Mar 2023 16:33
Last modified: 17 Mar 2024 03:34
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Author:
Xiong Wang
Author:
Wanping Yang
Author:
Xiaohang Ren
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