1. Effects of remittances on renewable energy consumption: Evidence from instrumental variable estimation with panel data.
- Author
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Karmaker, Shamal Chandra, Barai, Munim Kumar, Sen, Kanchan Kumar, and Saha, Bidyut Baran
- Subjects
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ENERGY consumption , *RENEWABLE energy sources , *PANEL analysis , *REMITTANCES , *RANDOM effects model - Abstract
This study investigates the impact of remittances on renewable energy consumption (REC) using a panel of 25 top remittance-receiving countries for 1990–2018. We use a generalized two-stage least squares random effect model to estimate the impact of remittance on renewable energy use. Results showed that remittances and REC have a generally positive relationship among the studied nations. Governments may create a system to incentivize remittance-receiving households to adopt and utilize more carbon-neutral energy devices at a lower cost if they pay with remittances. This approach could lead to higher societal adoption and consumption of green energy. Remittance and renewable energy consumption in the context of developing and developed countries. [Display omitted] • The generalized two-stage least square technique is used to estimate the impact of remittances. • Remittances have a positive effect on REC in the top 25 remittance-receiving countries. • The adoption of renewable energy via remittances is higher in developing nations. • Governments may incentivize carbon-neutral energy devices for remittance-receiving households. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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