A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty
This study investigates how income inequality influences energy poverty alleviation in Ghana as it seeks to achieve a sustainable economy. Employing the Granger causality test on a dataset from 1990 to 2021, the results show that both Gini post-tax and post-transfer (Income inequality-ll1) and Gini...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023101149 |
| _version_ | 1797337071540502528 |
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| author | Erica Odwira Opoku Justice Gyimah George Nyantakyi Ujunwa Angela Nwigwe Xilong Yao |
| author_facet | Erica Odwira Opoku Justice Gyimah George Nyantakyi Ujunwa Angela Nwigwe Xilong Yao |
| author_sort | Erica Odwira Opoku |
| collection | DOAJ |
| description | This study investigates how income inequality influences energy poverty alleviation in Ghana as it seeks to achieve a sustainable economy. Employing the Granger causality test on a dataset from 1990 to 2021, the results show that both Gini post-tax and post-transfer (Income inequality-ll1) and Gini pre-tax and pre-transfer (Income inequality-ll2) Granger-cause access to electricity and rural area access to electricity. Urban area access to electricity Granger-causes Gini post-tax and post-transfer. Similarly, an FMOLS test was carried out to introduce some controlling variables and results showed that GDP, trade liberation, urbanization, population growth, and financial development increase income inequality and access to clean fuels and technology, as well as access to urban energy, have a substantial impact on economic disparity. In addition, GDP, financial development, energy intensity, industrialization, trade liberalization, urbanization, population rise, and FDI all have varying implications on energy poverty. These results imply the need to include energy poverty reduction measures within income inequality reduction policies to enhance not just access to today's cutting-edge energy but also affordability to the minimal income receivers. Other reforms and levies on electricity consumption options in renewable energy support can contribute to addressing income inequality and energy poverty issues in Ghana. |
| first_indexed | 2024-03-08T09:04:06Z |
| format | Article |
| id | doaj.art-0dc6bb6ec0574a859d7393ef803246d0 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-08T09:04:06Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-0dc6bb6ec0574a859d7393ef803246d02024-02-01T06:30:22ZengElsevierHeliyon2405-84402024-01-01101e22906A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy povertyErica Odwira Opoku0Justice Gyimah1George Nyantakyi2Ujunwa Angela Nwigwe3Xilong Yao4College of Economics and Management, Taiyuan University of Technology, Taiyuan, 030024, China; Corresponding author.College of Economics and Management, Taiyuan University of Technology, Taiyuan, 030024, ChinaSchool of Accounting, Zhongnan University of Economics and Law Avenue Wuhan, 430073, ChinaCollege of Economics and Management, Taiyuan University of Technology, Taiyuan, 030024, ChinaCollege of Economics and Management, Taiyuan University of Technology, Taiyuan, 030024, ChinaThis study investigates how income inequality influences energy poverty alleviation in Ghana as it seeks to achieve a sustainable economy. Employing the Granger causality test on a dataset from 1990 to 2021, the results show that both Gini post-tax and post-transfer (Income inequality-ll1) and Gini pre-tax and pre-transfer (Income inequality-ll2) Granger-cause access to electricity and rural area access to electricity. Urban area access to electricity Granger-causes Gini post-tax and post-transfer. Similarly, an FMOLS test was carried out to introduce some controlling variables and results showed that GDP, trade liberation, urbanization, population growth, and financial development increase income inequality and access to clean fuels and technology, as well as access to urban energy, have a substantial impact on economic disparity. In addition, GDP, financial development, energy intensity, industrialization, trade liberalization, urbanization, population rise, and FDI all have varying implications on energy poverty. These results imply the need to include energy poverty reduction measures within income inequality reduction policies to enhance not just access to today's cutting-edge energy but also affordability to the minimal income receivers. Other reforms and levies on electricity consumption options in renewable energy support can contribute to addressing income inequality and energy poverty issues in Ghana.http://www.sciencedirect.com/science/article/pii/S2405844023101149Energy povertyGhanaIncome inequalitySustainable economy |
| spellingShingle | Erica Odwira Opoku Justice Gyimah George Nyantakyi Ujunwa Angela Nwigwe Xilong Yao A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty Heliyon Energy poverty Ghana Income inequality Sustainable economy |
| title | A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty |
| title_full | A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty |
| title_fullStr | A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty |
| title_full_unstemmed | A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty |
| title_short | A focus on Ghana's sustainable development: Examining the interplay of income inequality and energy poverty |
| title_sort | focus on ghana s sustainable development examining the interplay of income inequality and energy poverty |
| topic | Energy poverty Ghana Income inequality Sustainable economy |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023101149 |
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