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Publication Information
Published by: Admin
Published: 6 days ago
View: 1
Pages: 25
ISBN: 24
Download PDF (EN)
Abstract
The present study complements the extant literature by assessing how remittances affect the incidence of capital flight on renewable energy consumption in 20 Sub-Saharan African countries. The empirical evidence is based on interactive quantile regressions and the following findings are established. There is an unconditional negative incidence of capital flight on renewable energy consumption while remittances mitigate the negative incidence of capital flight on renewable energy consumption. Furthermore, thresholds of remittances are apparent at which the unfavorable incidence of capital flight on renewable energy consumption is completely mitigated. The corresponding remittances thresholds which are exclusively apparent in the bottom quantiles of the renewable energy distribution are 0.999 and 0.909 (% of GDP) in the 10th and 25th quantiles, respectively. Policy implications are discussed.
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