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.
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East Asian; China and Mongolia, Central Asian: Kazakhstan, Kyrgyz Republic, and Tajikistan, South Asian: Bangladesh, India, Nepal, Pakistan, and Sri Lanka, Southeast Asian; Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
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Li, Y., Peng, H., Hafeez, M., Ahmad, H. (2021). Assessment of Energy Disparity and Financial Development Nexus in Environmental Kuznets Curve Framework. In: Xu, J., Duca, G., Ahmed, S., García Márquez, F., Hajiyev, A. (eds) Proceedings of the Fourteenth International Conference on Management Science and Engineering Management. ICMSEM 2020. Advances in Intelligent Systems and Computing, vol 1191. Springer, Cham. https://doi.org/10.1007/978-3-030-49889-4_48
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