Determinesof Energy Consumptionin Egypt

Abdulrahman, Abdulrahman (2024): Determinesof Energy Consumptionin Egypt.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Energy consumption, GDP per capita, Investment, CO2 emissions, Financial development, Egypt, OLS regression, Macroeconomic determinants, Sustainable development, Environmental economics
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q47 - Energy Forecasting; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy

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