Financial sector development and energy poverty: empirical evidence from developing countries

Muhammad Khan1, Muhammad Tariq Majeed2

  • 1Department of Social Sciences, IQRA University (Islamabad Campus), 05 Khayaban-E-Johar, H-09, Islamabad, Pakistan. khann.muhammad@gmail.com.

Summary

Financial sector development significantly reduces energy poverty in developing nations. Growth, foreign investment, and urbanization also enhance energy access, offering key policy insights.

Related Concept Videos

Power and Energy01:12

Power and Energy

The power and energy delivered to an element are subjects of great significance in the field of electrical engineering. It is a well-known fact that a 100-watt light bulb emits more light than a 60-watt one. Therefore, power and energy calculations play a crucial role in the analysis of electrical circuits.
Power, defined as the time rate of expending or absorbing energy, is quantified in units called watts (W). The relation between power and energy is mathematically given as
959
Sustainable Development01:43

Sustainable Development

As the human population continues to grow and use resources, we must be mindful of our planet’s natural limits. Sustainable development provides a pathway to maintain and improve human life now while also ensuring that future generations will have the resources that they need. The long-term success of sustainability efforts rests on understanding the interplay between human actions and ecological systems.
13.5K
Electrical Energy01:10

Electrical Energy

Using electric appliances for a longer period of time consumes more electrical energy and results in a higher electric bill. The energy produced by the transfer of electrons from one point to another is known as electrical energy. If power is delivered at a constant rate, the electrical energy can be defined as the product of power used by the device for a period of time. The energy unit on electric bills is the kilowatt-hour, where one kilowatt-hour is equivalent to 3.6 × 106 joules.
1.3K
Energy and Power Signals01:17

Energy and Power Signals

In an electrical system with a resistor, voltage and current signals facilitate the measurement of power and energy across the resistor. For a continuous-time signal, the total energy over a time interval is defined as the integral of the square of the signal's magnitude over that interval. Mathematically, this is expressed as:
408
Energy00:58

Energy

The universe is composed of matter in different forms, and all forms of matter contain energy.  The different forms of energy on Earth originate from the Sun—the ultimate energy source. For instance, plants capture light energy from the Sun, and through the process of photosynthesis, convert it into chemical energy. This stored energy from plants can be harnessed in many ways. For example, eating plant products as food provides energy for our body to function, and burning wood or...
13.7K
Electrical Power01:07

Electrical Power

Electric power is the product of current and voltage, represented in units of joules per second, or watts. For example, cars often have one or more auxiliary power outlets with which you can charge a cell phone or other electronic devices. These outlets may be rated at 20 amps and 12 volts, so that the circuit can deliver a maximum power of 240 watts. Consider a 25 Watt bulb and a 60 Watt bulb. The conversion of electrical energy produces heat and light, while the kinetic energy lost by the...
3.1K