Determinesof Energy Consumptionin Egypt

Abdulrahman Abdulrahman

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Energy consumption; GDP per capita; Investment; CO2 emissions; Financial development; Egypt; OLS regression; Macroeconomic determinants; Sustainable development; Environmental economics (search for similar items in EconPapers)
JEL-codes: Q4 Q43 Q47 Q48 Q5 Q51 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2024-12
New Economics Papers: this item is included in nep-ara
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