The role of energy efficiency in income inequality dynamics in developing Asia: Evidence from artificial neural networks
- Title
- The role of energy efficiency in income inequality dynamics in developing Asia: Evidence from artificial neural networks
- Creator
- Wei X.; Pal S.; Mahalik M.K.; Liu W.
- Description
- This study investigates the drivers of income inequality trends in seven developing Asian countries between 1990 and 2022, exploring the effects of energy efficiency, government spending, economic growth, globalization, and human development. The study investigates how these variables affect income inequality using various statistical methods, including long-run machine learning and prediction models. The findings indicate a negative impact of energy efficiency on income inequality, highlighting the potential of energy-saving measures in narrowing the income gaps between the rich and poor. Government spending, economic growth, globalization, and human development are also crucial in alleviating income inequality in developing Asian countries. This study underscores the importance of tailored policies, advocating for investments in energy efficiency, targeted government spending, larger economic integration, and inclusive growth strategies to address income inequality in developing Asia. 2024
- Source
- Energy Economics, Vol-136
- Date
- 2024-01-01
- Publisher
- Elsevier B.V.
- Subject
- Artificial neural network; Developing Asian economies; Energy efficiency; Income inequality; Machine learning estimations
- Coverage
- Wei X., School of Business, Central South University, Changsha, China; Pal S., School of Business and Management, Christ University (Deemed to be University), Karnataka, Bengaluru, India; Mahalik M.K., Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur, West Medinapur, West Bengal, 721302, India; Liu W., School of Economic Geography, Hunan University of Finance and Economics, Changsha, China
- Rights
- Restricted Access
- Relation
- ISSN: 1409883; CODEN: EECOD
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Wei X.; Pal S.; Mahalik M.K.; Liu W., “The role of energy efficiency in income inequality dynamics in developing Asia: Evidence from artificial neural networks,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/12928.