Digitalization and energy consumption impact on Egypt economic growth | ||
| المجلة العلمية للإقتصاد و التجارة | ||
| Volume 54, Issue 2, July 2024, Pages 139-188 PDF (740.97 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jsec.2024.367113 | ||
| Author | ||
| Ahmed Mahmoud Haridy Mahmoud Hammam | ||
| الاكايمية العربية للعلوم والتكنولوجيا والنقل البحرى | ||
| Abstract | ||
| This paper examines the complex relationship between digitalization, energy consumption, and economic growth in Egypt. The study assesses the extent of digitalization in different sectors of the Egyptian economy and analyzes the sources and patterns of energy consumption. A comparison is made between Egypt's digitalization progress and global benchmarks, highlighting existing policies and initiatives aimed at promoting digitalization and managing energy consumption. The research investigates the impact of digitalization on productivity, innovation, job creation, and competitiveness in the Egyptian economy. It also explores the correlation between energy consumption and overall economic growth, emphasizing the potential economic and environmental consequences of unsustainable energy practices. The findings reveal the challenges posed by energy depletion and internet usage trends, emphasizing the need for strategic interventions to optimize the impact of digitalization and energy consumption on Egypt's economic growth. By using macroeconomic variables and applying the ARDL model, this thesis challenges previous assumptions by suggesting that energy depletion and internet usage did not directly contribute to economic growth in Egypt. The conclusion emphasizes the importance of aligning digitalization and energy strategies with sustainable economic development goals. It calls for targeted policy measures and collaborative efforts to navigate the transition towards a digital economy while mitigating adverse effects on energy consumption and economic growth. | ||
| Keywords | ||
| Digitalization; Energy Consumption; Economic growth; Global Benchmarks; Existing policies; Egyptian Economy; unsustainable energy practices; macroeconomic variables; ARDL model; energy strategies | ||
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