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<p>Energy poverty is being faced by various countries in the world, and the African states are not an exception. This research examines the role of natural resource rents, financial development, governance, trade openness, and urbanization in shaping energy poverty. This research examines the resource-rich 15 African states from 1990 to 2021 by using the recently developed Method of Moments Quantile Regression and Pooled Mean Group techniques. It is found that natural resources rents significantly alleviate energy poverty in the 15 resource-rich African states. There is a significant negative effect of natural resources rents on energy poverty in all quantiles, with magnitudes between − 0.38 and − 0.75 units. Therefore, natural resources are a blessing in reducing energy poverty in these states. In addition, financial development is effective in lessening energy poverty in all quantiles. Thus, a unit increase in financial development will decrease energy poverty by a magnitude of 0.89–0.92 units across all the quantiles, whereby the high-quantiles exhibit the highest impact. Governance is a fundamental factor in alleviating energy poverty as it reduces energy poverty in all quantiles by a magnitude of 0.24–0.55, whereby the lower quantiles exhibit the highest coefficient. Trade openness has a mixed influence on energy poverty as it tends to increase energy poverty in lower-quantiles and reduce energy poverty in higher-quantiles. Urbanization is detrimental to energy poverty as it increases it in all quantiles. The Pooled Mean Group outcomes are consistent with the findings of the “Methods of Moments Quantile Regression”. The findings suggest that improvement in natural resource rents, financial development, and governance frameworks will reduce energy poverty in the natural resource-rich African states. As a major policy recommendation, it is suggested that resource-rich African states should promote financial development, natural resource rents, and institutional quality to reduce energy poverty.</p>

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Leveraging financial development, trade openness, urbanization, governance, and natural resources to alleviate energy poverty

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2026年8月4日

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  • Abraham Deka,
  • Aliya Zhakanova

摘要

Energy poverty is being faced by various countries in the world, and the African states are not an exception. This research examines the role of natural resource rents, financial development, governance, trade openness, and urbanization in shaping energy poverty. This research examines the resource-rich 15 African states from 1990 to 2021 by using the recently developed Method of Moments Quantile Regression and Pooled Mean Group techniques. It is found that natural resources rents significantly alleviate energy poverty in the 15 resource-rich African states. There is a significant negative effect of natural resources rents on energy poverty in all quantiles, with magnitudes between − 0.38 and − 0.75 units. Therefore, natural resources are a blessing in reducing energy poverty in these states. In addition, financial development is effective in lessening energy poverty in all quantiles. Thus, a unit increase in financial development will decrease energy poverty by a magnitude of 0.89–0.92 units across all the quantiles, whereby the high-quantiles exhibit the highest impact. Governance is a fundamental factor in alleviating energy poverty as it reduces energy poverty in all quantiles by a magnitude of 0.24–0.55, whereby the lower quantiles exhibit the highest coefficient. Trade openness has a mixed influence on energy poverty as it tends to increase energy poverty in lower-quantiles and reduce energy poverty in higher-quantiles. Urbanization is detrimental to energy poverty as it increases it in all quantiles. The Pooled Mean Group outcomes are consistent with the findings of the “Methods of Moments Quantile Regression”. The findings suggest that improvement in natural resource rents, financial development, and governance frameworks will reduce energy poverty in the natural resource-rich African states. As a major policy recommendation, it is suggested that resource-rich African states should promote financial development, natural resource rents, and institutional quality to reduce energy poverty.