Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model

The COVID-19 pandemic has forced people to pay more attention to the negative impacts of economic policy uncertainty on energy poverty. Meanwhile, through financial expenditure, governments might play a critical role in energy poverty alleviation, but there is little focus on this factor in the lite...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Xiahui Che, Minxing Jiang
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	economic policy uncertainty energy poverty financial expenditure panel threshold model Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/0bd93c1de2024241a45c6aa9c369506a
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:0bd93c1de2024241a45c6aa9c369506a
record_format	dspace
spelling	oai:doaj.org-article:0bd93c1de2024241a45c6aa9c369506a2021-11-11T19:21:32ZEconomic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model10.3390/su1321115942071-1050https://doaj.org/article/0bd93c1de2024241a45c6aa9c369506a2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11594https://doaj.org/toc/2071-1050The COVID-19 pandemic has forced people to pay more attention to the negative impacts of economic policy uncertainty on energy poverty. Meanwhile, through financial expenditure, governments might play a critical role in energy poverty alleviation, but there is little focus on this factor in the literature. We employ a panel threshold model to investigate the threshold effect of economic policy uncertainty between financial expenditure and energy poverty. This model can keenly explore the time-varying characteristics of financial expenditure. In order to control the endogenous influence, the estimators of the panel least square method are used to replace the corresponding endogenous variables. We find that financial expenditure has a significant positive effect on energy poverty alleviation, and that the positive effect has the threshold characteristic of economic policy uncertainty. With the rise in economic policy uncertainty, the positive effect of financial expenditure on energy poverty is continuously enhanced. Furthermore, we find that financial expenditure plays a more significant role in alleviating energy poverty in emerging economies than it does in developed economies.Xiahui CheMinxing JiangMDPI AGarticleeconomic policy uncertaintyenergy povertyfinancial expenditurepanel threshold modelEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11594, p 11594 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	economic policy uncertainty energy poverty financial expenditure panel threshold model Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	economic policy uncertainty energy poverty financial expenditure panel threshold model Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Xiahui Che Minxing Jiang Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
description	The COVID-19 pandemic has forced people to pay more attention to the negative impacts of economic policy uncertainty on energy poverty. Meanwhile, through financial expenditure, governments might play a critical role in energy poverty alleviation, but there is little focus on this factor in the literature. We employ a panel threshold model to investigate the threshold effect of economic policy uncertainty between financial expenditure and energy poverty. This model can keenly explore the time-varying characteristics of financial expenditure. In order to control the endogenous influence, the estimators of the panel least square method are used to replace the corresponding endogenous variables. We find that financial expenditure has a significant positive effect on energy poverty alleviation, and that the positive effect has the threshold characteristic of economic policy uncertainty. With the rise in economic policy uncertainty, the positive effect of financial expenditure on energy poverty is continuously enhanced. Furthermore, we find that financial expenditure plays a more significant role in alleviating energy poverty in emerging economies than it does in developed economies.
format	article
author	Xiahui Che Minxing Jiang
author_facet	Xiahui Che Minxing Jiang
author_sort	Xiahui Che
title	Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
title_short	Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
title_full	Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
title_fullStr	Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
title_full_unstemmed	Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model
title_sort	economic policy uncertainty, financial expenditure and energy poverty: evidence based on a panel threshold model
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/0bd93c1de2024241a45c6aa9c369506a
work_keys_str_mv	AT xiahuiche economicpolicyuncertaintyfinancialexpenditureandenergypovertyevidencebasedonapanelthresholdmodel AT minxingjiang economicpolicyuncertaintyfinancialexpenditureandenergypovertyevidencebasedonapanelthresholdmodel
_version_	1718431509947351040

Economic Policy Uncertainty, Financial Expenditure and Energy Poverty: Evidence Based on a Panel Threshold Model

Ejemplares similares