Energy consumption and resistive economy: Case Study-Electricity consumption in MENA Countries

Behcet Oznacar, Mustafa Gursoy

Abstract


Clause 7 of the general policy of resistive economy is explicitly referred to consumption management and consumption pattern reform. One of the important sources of managing consumption is energy. In fact, the need for energy in the world is constantly increasing, while its sources are scarce, so one of the basic steps to achieve economic growth and the realization of a resistive economy is to coordinate this incremental need and scarce resource to optimize its consumption. The factors affecting its consumption should be investigated whether in the field of production as the input of production or in the consumption field as the final product. In this study, the factors affecting power consumption among 16 selected MENA countries through years 2000 to 2015 were investigated using statistical analysis methods and panel data. The results of the model estimation show that the number of mobile subscribers does not have a significant effect on the amount of electricity consumption. Nevertheless, the economic growth variable has a positive and significant effect on the amount of electricity consumption. In addition, the number of Internet users has a significant effect on the electricity consumption.


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DOI: https://doi.org/10.24200/jmas.vol7iss4pp%25p

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