Assessing the impact of rural electrification on economic growth: a comprehensive analysis considering informal economy and income inequality in Bangladesh (Record no. 134216)

MARC details
000 -LEADER
fixed length control field 02224nam a2200181Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241008s9999||||xx |||||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 2509-7954
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Saha, Sanjoy Kumar
9 (RLIN) 122127
245 #0 - TITLE STATEMENT
Title Assessing the impact of rural electrification on economic growth: a comprehensive analysis considering informal economy and income inequality in Bangladesh
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Asia-Pacific Journal of Regional Science
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 551-583
520 ## - SUMMARY, ETC.
Abstract Rural electrification, serving as a proxy for energy access, is pivotal for economic growth in Bangladesh. This paper investigates the long-run and short-run effects of rural electrification (RELEC) on economic growth, while also considering the influence of the informal economy, and income inequality. Using an autoregressive distributed lag (ARDL) approach and analyzing data of Bangladesh economy over the period 1976-2020, the study finds that RELEC has a significant positive impact on economic growth in the long run. However, in the short run, RELEC exhibits negative effects on economic growth. FMOLS method is utilized to check the sensitivity that confirms the long run favorable impact of rural electrification on economic growth. The Informal Economy negatively affects growth, while the Gini coefficient has a positive impact in both short and long terms. Vector error correction methodology (VECM) shows bidirectional causality between growth and electrification. This unique study considers diverse determinants amid Bangladesh's evolving economic landscape. Policymakers are urged to diversify the energy mix to meet rural electrification demand, involving private investment, boosting capacity, and fostering competition. Moreover, there is a necessity to promote various channels such as sustainable agriculture, rural industrialization, poverty reduction through which electricity access may enhance growth. The error correction term (ECT) coefficients show a rather quick adjustment process, demonstrating that the model's adjustment mechanism is agile.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Gini Coefficient
9 (RLIN) 122128
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Rural Electrification
9 (RLIN) 17257
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Informal Economy
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1007/s41685-024-00336-8">https://doi.org/10.1007/s41685-024-00336-8</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134216
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        Dr VKRV Rao Library Dr VKRV Rao Library 08/10/2024 Vol. 8, No. 2   AI500 08/10/2024 08/10/2024 Article Index