Open AccessDeterminants of Energy Consumption in Egypt “New Approach”
Author(s) -
Mohammed Galal Abdallah Mostafa,
Mousa Gowfal Selmey Gowfal Selmey
Publication year - 2022
Publication title -
international journal of energy economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.449
H-Index - 33
ISSN - 2146-4553
DOI - 10.32479/ijeep.12719
Subject(s) - energy consumption , openness to experience , consumption (sociology) , industrialisation , urbanization , economics , energy (signal processing) , inflation (cosmology) , economic growth , engineering , market economy , psychology , social psychology , social science , statistics , mathematics , sociology , electrical engineering , physics , theoretical physics
In Egypt, policymakers are particularly concerned about energy consumption. So, The goal of this study is to look into the factors that influence Egyptian energy consumption. The study applied a new approach known as artificial neural network (ANN) from 2000 to 2020 to achieve this goal. according to the results of this study, global energy prices are the most important determinants of Egyptian energy consumption, followed by economic growth and trade openness. Other factors such as population growth, inflation, urbanization, and industrialization, which have been highlighted in other papers, are not determinants of Egyptian energy consumption. this research recommends that need to follow policies that rationalize energy consumption and improve the efficiency of its use