The asymmetric effect of financial development on energy consumption in sub-Saharan Africa

Sub-Saharan Africa (SSA) ranks lowest globally in respect of energy access rates. The resulting high poverty impedes sustainable economic growth and aggravates the overall which is prevalent SSA countries. A better understanding relationship between financial development consumption can contribute to enhancing SSA. existing literature presents conflicting evidence regarding this relationship. Our objective investigate symmetric asymmetric relationships SSA, using annual data from 1990 2016. Autoregressive Distributed Lag (ARDL) panel estimator was employed test for linear effects long-run short-run coefficients. asymmetry determined by decomposing into positive negative components, employing non-linear ARDL (NARDL) method. results reveal that a shock positively linked with implying further intensifies consumption. Results reduction could decrease