Financial inclusion and energy access in sub-Saharan Africa

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2025-07-01 DOI:10.1016/j.ribaf.2025.103032

Nidhaleddine Ben Cheikh , Younes Ben Zaied , Duc Khuong Nguyen

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Abstract

Improving access to adequate forms of energy in sub-Saharan Africa (SSA) is a challenging task, and an ongoing debate has continued regarding policies and interventions that can effectively alleviate energy poverty (EP). This study contributes to the literature by conducting a state-dependent analysis using nonlinear panel data with local projections that allow the dynamics of EP to vary under different regimes. Our findings highlight the influence of financial inclusion and institutional quality on shaping the dynamics of energy affordability in SSA over the period 2004–2019. Specifically, we find that higher quality governance is required for the low-carbon transition to enhance household access to energy infrastructure. We also demonstrate an asymmetric response of EP to institutional quality related to the degree of access to finance. Overcoming governance issues and strengthening the financial system are critical for SSA to combat energy vulnerability and make the low-carbon transition viable.

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撒哈拉以南非洲的金融包容性和能源获取

改善撒哈拉以南非洲地区（SSA）获得充足形式能源的途径是一项具有挑战性的任务，关于有效缓解能源贫困（EP）的政策和干预措施的争论一直在继续。本研究通过使用具有局部预测的非线性面板数据进行状态相关分析，从而使EP动态在不同制度下发生变化，从而为文献做出贡献。我们的研究结果强调了金融包容性和制度质量对2004-2019年期间SSA能源负担能力动态的影响。具体而言，我们发现低碳转型需要更高质量的治理，以提高家庭对能源基础设施的利用。我们还证明了EP对与融资获取程度相关的制度质量的不对称反应。克服治理问题和加强金融体系对于南亚地区应对能源脆弱性和实现低碳转型至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance