Does financial inclusion index and energy performance index co-move?

Abstract

Financing strategies and energy performance have been extensively studied previously, and researchers frequently overlook the co-movements of integration of financial inclusion and energy performance index in the E7 Context. To address this gap, current research estimates the co-movement between the financial inclusion index and sustainable energy performance index to reflect the consequences of the COVID-19 crisis. Our findings show that in E7 economies, China exceeds the other nations in terms of energy performance. With a steady score, Russia is second in the group. Indonesia and Turkey are respectively fourth and fifth, and their total results show excellent prospective performances for sustainability. Mexico and Brazil follow this ranking with bad results and the lowest scores reported in the study results. The study findings are helpful for policy formulation and assessment. The study presented recommendations about financial inclusion and energy management practices in COVID-19 and delivered insights about the energy performance index in E7 economies.