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Assessment of Energy Disparity and Financial Development Nexus in Environmental Kuznets Curve Framework

  • Yang Li
  • Hui Peng
  • Muhammad Hafeez
  • Haseeb AhmadEmail author
Conference paper
  • 8 Downloads
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1191)

Abstract

The primary concern of this research work is to explore the non-linear link between energy disparity and financial development in the light of EKC framework for Asia. An Entropy approach is used to quantify the energy disparities. It infers that East and Central Asia have highest, and lowest mean total energy disparity in Asia respectively. The results from DK regression signify the U-shape EKC with respect to energy disparity-financial development, between regions energy disparity-financial development, and total energy disparity-financial development in Asia respectively while a monotonically decreasing energy disparity-financial development EKC in East Asia. Therefore, financial development is an effective tool to reduce energy disparity in Asia.

Keywords

Energy disparity Financial development Environmental Kuznets curve DK regression 

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Copyright information

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

Authors and Affiliations

  • Yang Li
    • 1
  • Hui Peng
    • 1
  • Muhammad Hafeez
    • 1
  • Haseeb Ahmad
    • 2
    Email author
  1. 1.School of Economics and ManagementBeijing University of Posts and TelecommunicationsBeijingPeople’s Republic of China
  2. 2.Department of Computer ScienceNational Textile UniversityFaisalabadPakistan

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