IDEAS home Printed from https://ideas.repec.org/p/erg/wpaper/585.html
   My bibliography  Save this paper

Does Non-renewable Energy Utilization in Egypt Generate Net Gain or Net Loss?

Author

Listed:
  • Hebat-Allah El-Deken

    (National Society for Economic Policy (NSEP))

  • Noran Farag
  • Noha Hamdy

Abstract

This paper evaluates the sustainability of the main energy sources in Egypt. In its attempt to reach this evaluation, the paper reviews Egypt’s energy map, highlighting the features of the energy sector in the Egyptian economy in general and petroleum sector in particular. To assess the effectiveness of government policies in a broader sustainability framework, the resource rent as a measure of sustainability is conducted for oil and gas. The paper estimates the current value of oil and natural gas reserves, predicts the future revenues from consuming these non-renewable resources, and calculates the net present value of Egypt’s wealth from such natural resources. These calculations are being applied under different scenarios, where different relative future prices movements and extraction rates for both oil and natural gas are considered.

Suggested Citation

  • Hebat-Allah El-Deken & Noran Farag & Noha Hamdy, 2011. "Does Non-renewable Energy Utilization in Egypt Generate Net Gain or Net Loss?," Working Papers 585, Economic Research Forum, revised 05 Jan 2011.
    • Handle: RePEc:erg:wpaper:585
    as

    Download full text from publisher

    File URL: http://erf.org.eg/wp-content/uploads/2014/08/585.pdf
    Download Restriction: no
    File URL: http://bit.ly/2n98Mwl
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. El Serafy, Salah, 1997. "Green accounting and economic policy," Ecological Economics, Elsevier, vol. 21(3), pages 217-229, June.
    2. Denis Babusiaux & Pierre-René Bauquis, 2007. "Depletion of Petroleum Reserves and Oil Price trends," Working Papers hal-02469371, HAL.
    3. Adelman, M A, 1990. "Mineral Depletion, with Special Reference to Petroleum," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 1-10, February.
    4. N/A, 2005. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 191(1), pages 8-30, January.
    5. Devarajan, Shantayanan & Fisher, Anthony C, 1981. "Hotelling's "Economics of Exhaustible Resources": Fifty Years Later," Journal of Economic Literature, American Economic Association, vol. 19(1), pages 65-73, March.
    6. Nazli Choucri & Christopher Heye & Michael Lynch, 1990. "Analyzing Oil Production in Developing Countries: A Case Study of Egypt," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 91-116.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ramesh Bollapragada & Akash Mankude & V. Udayabhanu, 2021. "Forecasting the price of crude oil," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(2), pages 207-231, June.
    2. Vicknair, David & Tansey, Michael & O'Brien, Thomas E., 2022. "Measuring fossil fuel reserves: A simulation and review of the U.S. Securities and Exchange Commission approach," Resources Policy, Elsevier, vol. 79(C).
    3. Kolstad, Charles D., 2000. "Energy and Depletable Resources: Economics and Policy, 1973-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 282-305, May.
    4. Thompson, Andrew C., 2001. "The Hotelling Principle, backwardation of futures prices and the values of developed petroleum reserves -- the production constraint hypothesis," Resource and Energy Economics, Elsevier, vol. 23(2), pages 133-156, April.
    5. Leach, Andrew & Mason, Charles F. & Veld, Klaas van ‘t, 2011. "Co-optimization of enhanced oil recovery and carbon sequestration," Resource and Energy Economics, Elsevier, vol. 33(4), pages 893-912.
    6. Maxime Fajeau, 2020. "The Adverse Effect of Finance on Growth," Working Papers hal-02549422, HAL.
    7. Franco, Marco P.V. & Gaspard, Marion & Mueller, Thomas, 2019. "Time discounting in Harold Hotelling's approach to natural resource economics: The unsolved ethical question," Ecological Economics, Elsevier, vol. 163(C), pages 52-60.
    8. Haydar Akyazi & Seyfettin Artan, 2006. "Reflections of the New Economy on the Monetary Policy and Central Banking," Papers of the Annual IUE-SUNY Cortland Conference in Economics, in: Oguz Esen & Ayla Ogus (ed.), Proceedings of the Conference on Human and Economic Resources, pages 373-387, Izmir University of Economics.
    9. Festus Ebo Turkson, 2012. "Trade Agreements and Bilateral Trade in Sub-Saharan Africa: Estimating the Trade Effects of the EU-ACP PTA and RTAs," Discussion Papers 12/07, University of Nottingham, CREDIT.
    10. D.B. Thornton, 1991. "Discussion of “Master limited partnerships: An examination of dividend distribution policy†," Contemporary Accounting Research, John Wiley & Sons, vol. 7(2), pages 424-430, March.
    11. Alberto Díaz Dapena & Esteban Fernández Vázquez & Rafael Garduño Rivera & Fernando Rubiera Morollón, 2015. "Does Trade Imply Convergence? Analyzing The Effect of NAFTA on The Local Convergence in Mexico," Working papers DTE 591, CIDE, División de Economía.
    12. Julien Gourdon, 2011. "Wage inequality in developing countries: South–South trade matters," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 58(4), pages 359-383, December.
    13. Julien Daubanes & Pierre Lasserre, 2019. "The supply of non-renewable resources," Canadian Journal of Economics, Canadian Economics Association, vol. 52(3), pages 1084-1111, August.
    14. Andrade de Sá, Saraly & Daubanes, Julien, 2016. "Limit pricing and the (in)effectiveness of the carbon tax," Journal of Public Economics, Elsevier, vol. 139(C), pages 28-39.
    15. Gerhard Toews and Alexander Naumov, 2015. "The Relationship Between Oil Price and Costs in the Oil Industry," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
    16. Cristian Spiridon, 2012. "Trade Liberalisation In Europe And The Rest Of The World," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(3), pages 407-418, September.
    17. Joshua Aizenman, 2015. "Internationalization of the RMB, Capital Market Openness and Financial Reforms in China," Pacific Economic Review, Wiley Blackwell, vol. 20(3), pages 444-460, August.
    18. Andrade de Sá, Saraly & Daubanes, Julien, 2016. "Limit pricing and the (in)effectiveness of the carbon tax," Journal of Public Economics, Elsevier, vol. 139(C), pages 28-39.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:585. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sherine Ghoneim (email available below). General contact details of provider: https://edirc.repec.org/data/erfaceg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.