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- Amuakwa-Mensah, Franklin, et al.
(author)
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Unveiling the energy saving role of banking performance in Sub-Sahara Africa
- 2018
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In: Energy Economics. - : Elsevier. - 0140-9883 .- 1873-6181. ; 74, s. 828-842
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Journal article (peer-reviewed)abstract
- This article examines the effect of commercial bank performance on an indicator of energy efficiency (i.e. energy intensity) while controlling for the mediating effect of political institution. To achieve this goal, the study develops a theoretical model based on the neoclassical theory of the firm that links energy efficiency to bank sector development, and a unique bank-based data by Andrianova et al. (2015) for 43 Sub-Saharan African countries from 1998 to 2012. The principal component analysis is used to derive a composite bank-based development index from different bank balance sheet performance indicators- return on asset, asset quality, bank capitalization, managerial inefficiency and financial stability. The two-stage system generalized method of moment (Sys-GMM) technique was used. The results reveal that, both in the short- and long-run, improved banking performance fosters energy efficiency improvements in sub-Saharan Africa, but this is compromised by democracy (institutional quality). Thus, to achieve energy efficiency improvements, specific initiatives should be implemented to boost the development of the banking sector while also ensuring that democratic governance in the sub-region weans itself off things that impede the progress of the real sector. More ambitiously, creating a Green Bank may be necessary to stimulate energy efficiency investments in the sub-region.
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| 2. |
- Klege, Rebecca A., et al.
(author)
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Tenancy and energy choices in Rwanda. A replication and extension study
- 2022
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In: World Development Perspectives. - : Elsevier. - 2452-2929. ; 26
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Journal article (peer-reviewed)abstract
- This paper replicates and extends the study by Martey (2019) by investigating the effect of house ownership patterns and rental status on energy choices for lighting and cooking within the context of Rwanda. Unlike Ghana, Rwanda has a unique house ownership policy which could have implications on the findings of Martey (2019). As an extension, our study explores the heterogeneous effect of tenancy on energy choices across gender of households’ heads and households’ geographical location (rural–urban). Using a bivariate probit model and the fifth Integrated Household Living Conditions Survey data of Rwanda, we find that rental status and dwelling type have varying effects on cooking and lighting fuel choices. Our results show that renters relative to owner-occupants in urban households are more likely to use transition fuels like charcoal for cooking than in rural areas. The result for lighting energy is, however, inconclusive for rural and urban households. We find that female-headed households are more likely to adopt cleaner cooking energy choices. The study only partly supports the energy ladder hypothesis which suggests how evidence does not always provide conclusive support of this hypothesis.
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