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Empirical exploration of remittances and renewable energy consumption in Bangladesh
In recent years, a surge of remittances to Bangladesh has enabled rural households to adopt modern renewable energy sources. However, researchers have yet to examine any statistical association between remittances and renewable energy. In this study, we determined the causal relationships between pe...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Singapore
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7779110/ http://dx.doi.org/10.1007/s41685-020-00180-6 |
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author | Das, Anupam McFarlane, Adian Carels, Luc |
author_facet | Das, Anupam McFarlane, Adian Carels, Luc |
author_sort | Das, Anupam |
collection | PubMed |
description | In recent years, a surge of remittances to Bangladesh has enabled rural households to adopt modern renewable energy sources. However, researchers have yet to examine any statistical association between remittances and renewable energy. In this study, we determined the causal relationships between per capita remittance inflows and renewable energy consumption in Bangladesh using annual data for the period 1980–2017. This is the first such study. This determination was made while controlling for changes in GDP, and employing causality and cointegration testing. We arrived at three key results. First, a unidirectional causality running from the level of remittances per capita to a level of renewable energy consumption was determined. Second, we observed a unique cointegrating relationship between the variables. Third, a short-run bidirectional causality between remittances per capita and renewable energy consumption was clarified. Important policy implications indicate that the government should create incentives for remittance-recipient households to invest remittance funds in modern renewable technologies such as solar home energy systems. |
format | Online Article Text |
id | pubmed-7779110 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Springer Singapore |
record_format | MEDLINE/PubMed |
spelling | pubmed-77791102021-01-04 Empirical exploration of remittances and renewable energy consumption in Bangladesh Das, Anupam McFarlane, Adian Carels, Luc Asia-Pac J Reg Sci Article In recent years, a surge of remittances to Bangladesh has enabled rural households to adopt modern renewable energy sources. However, researchers have yet to examine any statistical association between remittances and renewable energy. In this study, we determined the causal relationships between per capita remittance inflows and renewable energy consumption in Bangladesh using annual data for the period 1980–2017. This is the first such study. This determination was made while controlling for changes in GDP, and employing causality and cointegration testing. We arrived at three key results. First, a unidirectional causality running from the level of remittances per capita to a level of renewable energy consumption was determined. Second, we observed a unique cointegrating relationship between the variables. Third, a short-run bidirectional causality between remittances per capita and renewable energy consumption was clarified. Important policy implications indicate that the government should create incentives for remittance-recipient households to invest remittance funds in modern renewable technologies such as solar home energy systems. Springer Singapore 2021-01-03 2021 /pmc/articles/PMC7779110/ http://dx.doi.org/10.1007/s41685-020-00180-6 Text en © The Japan Section of the Regional Science Association International 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Article Das, Anupam McFarlane, Adian Carels, Luc Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title | Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title_full | Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title_fullStr | Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title_full_unstemmed | Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title_short | Empirical exploration of remittances and renewable energy consumption in Bangladesh |
title_sort | empirical exploration of remittances and renewable energy consumption in bangladesh |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7779110/ http://dx.doi.org/10.1007/s41685-020-00180-6 |
work_keys_str_mv | AT dasanupam empiricalexplorationofremittancesandrenewableenergyconsumptioninbangladesh AT mcfarlaneadian empiricalexplorationofremittancesandrenewableenergyconsumptioninbangladesh AT carelsluc empiricalexplorationofremittancesandrenewableenergyconsumptioninbangladesh |