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Determinesof Energy Consumptionin Egypt

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  • Abdulrahman, Abdulrahman

Abstract

This paper investigates the determinants of energy consumption in Egypt using annual data from 1984 to 2014. It examines the relationships between energy consumption and key macroeconomic variables: GDP per capita, gross capital formation, CO₂ emissions, and financial development. Using multiple regression analysis (OLS model), the study finds statistically significant coefficients: GDP per capita and investment negatively influence energy consumption, while CO2 emissions show a strong positive correlation. Financial development displays a mixed effect. The regression model demonstrates a high explanatory power (R² = 99.3%), indicating that these variables jointly explain energy consumption patterns in Egypt. These results offer policy-relevant insights for balancing economic development with environmental sustainability through efficient energy use.

Suggested Citation

  • Abdulrahman, Abdulrahman, 2024. "Determinesof Energy Consumptionin Egypt," MPRA Paper 125085, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:125085
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    References listed on IDEAS

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    1. Asafu-Adjaye, John, 2000. "The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries," Energy Economics, Elsevier, vol. 22(6), pages 615-625, December.
    2. Chien-Chiang Lee & Jun-De Lee, 2010. "A Panel Data Analysis of the Demand for Total Energy and Electricity in OECD Countries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-24.
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    Keywords

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    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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