IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2023-02-10.html
   My bibliography  Save this article

Using Generalized Linear Model to Determine the Impact of Oil Price Fluctuations on the Egyptian Public Budget

Author

Listed:
  • Hamdy Ahmad Aly Alhendawya

    (Department of Economic, Faculty of Commerce, Mansoura University, Egypt,)

  • Mohammed Galal Abdallah Mostafa

    (Department of Economic, Faculty of Commerce, Mansoura University, Egypt,)

  • Sozan Galal Elkananib

    (Department of Economic, Higher Institute of Administrative Science, Belqas, Egypt.)

  • Neveen Mohsen Ahamed Zakic

    (Department of Applied Statistics and Insurance, Faculty of Commerce, Mansoura University, Egypt.)

  • Mousa Gowfal Selmeya

    (Department of Economic, Faculty of Commerce, Mansoura University, Egypt,)

Abstract

Oil is regarded as one of the most significant energy sources in the world due to the enormous impacts it has on the level of the economy as a whole in both developing and developed countries and for both producing and importing countries. so, this study aims to know the effects of fluctuations in oil prices on the Egyptian public budget during the period from 2000 to 2022. For this purpose, the study used the GLM(Generalized linear Model) model, which is one of the first studies to use this model in economics. The study concluded that oil price fluctuations negatively affect the public budget, which means that there is a positive relationship between oil price fluctuations and the general budget deficit in Egypt as a result of Egypt being one of its importing countries. Therefore, the rise in oil prices leads to an increase in the public budget deficit, and its low prices may contribute to a decrease in this deficit.

Suggested Citation

  • Hamdy Ahmad Aly Alhendawya & Mohammed Galal Abdallah Mostafa & Sozan Galal Elkananib & Neveen Mohsen Ahamed Zakic & Mousa Gowfal Selmeya, 2023. "Using Generalized Linear Model to Determine the Impact of Oil Price Fluctuations on the Egyptian Public Budget," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 92-99, March.
    • Handle: RePEc:eco:journ2:2023-02-10
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/14029/7188
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/14029
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Udoma Johnson Afangideh & Augustine Ujunwa & Angela Ifeanyi Ukemenam, 2018. "Oil prices, armed conflict and government revenue in Nigeria," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 13(5), pages 1196-1210, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sultan Yahya Abbas Natto, 2024. "The Impact of Fluctuating Oil Revenues on Economic Growth: New Evidence from Saudi Arabia," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 245-253, January.
    2. Hamdy Ahmad Aly Alhendawy & Mohammed Galal Abdallah Mostafa & Mohamed Ibrahim Elgohari & Ibrahim Abdalla Abdelraouf Mohamed & Nabil Medhat Arafat Mahmoud & Mohamed Ahmed Mohamed Mater, 2023. "Determinants of Renewable Energy Production in Egypt New Approach: Machine Learning Algorithms," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 679-689, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nuhu, Said, 2023. "Natural gas extraction activities and host communities concerns in Sub-Saharan Africa: A reflection on the historical riots in Mtwara, Tanzania," Resources Policy, Elsevier, vol. 86(PA).

    More about this item

    Keywords

    Oil price; public budget; Egypt; Generalized linear Model;
    All these keywords.

    JEL classification:

    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • H6 - Public Economics - - National Budget, Deficit, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2023-02-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.