Publications

The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

Fakhri Hasanov, Nader AlKathiri, Saad Alshahrani, Ryan Alyamani

Saudi Vision 2030 (SV2030), the strategic roadmap for the future of the Kingdom of Saudi Arabia, aims to decouple the country’s economy from its reliance on oil revenues through implementing several economic and social initiatives. The key economic goals of…

Hasanov, Fakhri

AlKathiri, Nader

Alshahrani, Saad

Alyamani, Ryan

The Value of Spot Sales to a Producing Country Subject to Production Quotas

Jennifer Considine, Kang Wu, Abdullah Aldayel

In recent years, global oil markets have experienced intensified competition driven by growing surpluses of lighter crude and shale oil. As their margins have shrunk, many producers have increased output in order to boost revenue, adding to the oversupply. Meanwhile,…

Considine, Jennifer

Wu, Kang

Aldayel, Abdullah

Carbon Sequestration Units (CSUs): A New Tool to Mitigate Carbon Emissions

Paul Mollet, Wolfgang Heidug, Paul Zakkour, Eric Williams

The United Kingdom’s decision to aim for net zero emissions by 2050 and to enshrine it in law raises the bar for global policymakers as the world seeks to limit the impact of climate change. A recent European Commission paper…

Mollet, Paul

Heidug, Wolfgang

Zakkour, Paul

Williams, Eric

Natural Gas Strategies for the Saudi Energy System

Walid Matar, Rami Shabaneh

Fuel prices in the Kingdom of Saudi Arabia have historically been below international market values. This has stimulated rapid growth in primary energy demand. The Kingdom’s natural gas demand has now outstripped its domestic production, forcing the government to impose…

Matar, Walid

Shabaneh, Rami

China’s Energy Investment Through the Lens of the Belt and Road Initiative

Philipp Galkin, Dongmei Chen, Junyuang Ke

The Chinese government launched the Belt and Road Initiative (BRI) in 2013 as a vision to promote growth and cooperation among the economies of Asia and Europe. Over the five years since its inception, the BRI has expanded in both…

Galkin, Philipp

Chen, Dongmei

Ke, Junyuang

Staying Cool in A Warming Climate: Temperature, Electricity and Air Conditioning in Saudi Arabia

MDPI

As global temperatures warm and populations and incomes rise, the demand for cooling will soar, creating a positive feedback loop between global warming and electricity-related carbon dioxide (CO2) emissions. This study explores the relationship between temperature, electricity, air conditioning (AC)…

Nicholas Howarth, Natalia Odnoletkova, Thamir Al Shehri, Abdulla Almadani, Alessandro Lanza, Tadeusz Patzek

Modelling industrial energy demand in Saudi Arabia

Portsmouth

Between 1986 and 2016, industrial energy consumption in Saudi Arabia increased by tenfold, making it one of the largest end-use sectors in the Kingdom. Despite its importance, there appear to be no published econometric studies on aggregate industrial energy demand…

Anwar Gasim, Shahad Alarenan, Lester C. Hunt

India’s Future Commitments to the Paris Agreement: A Conflict Between Energy Security and Economic Growth

Yagyavalk Bhatt

From 2-15 December, 2018, almost 200 countries gathered at the 2018 United Nations Climate Change Conference in Katowice, Poland to adopt a set of guidelines to limit global warming. During this event, India reaffirmed its promise to implement the Paris…

Bhatt, Yagyavalk

The Effectiveness of China’s Plug-In Electric Vehicle Subsidy

Tamara Sheldon, Rubal Dua

Subsidies for promoting plug-in electric vehicle (PEV) adoption are a key component of China’s overall plan for reducing local air pollution and greenhouse gas (GHG) emissions from its light-duty vehicle sector. This paper explores the impact and cost-effectiveness of the…

Sheldon, Tamara

Dua, Rubal

An Alternative Framework for Measuring New Vehicle Buyers’ Responsiveness to Changes in Fuel Prices

This commentary uses a cost per perceived value (CPPV) based utility maximization framework to measure new vehicle buyers’ responsiveness to changes in fuel prices. We recently used the CPPV framework to estimate the responsiveness of new light-duty vehicle (LDV) buyers…

Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

After the drop in international oil prices in 2014, oil-exporting countries started to launch new policies to develop their economies. It is important that policymakers involved in energy and economic development understand how economic agents respond to increased energy prices…

Mikayilov, Jeyhun

Joutz, Fred

Hasanov, Fakhri

The Growth of India’s Electricity Generation Capacity

Yagyavalk Bhatt

Coal power plants accounted for 57% of India’s total generation capacity of 344 gigawatts (GW).

Bhatt, Yagyavalk

Understanding the Impact of Ride-Hailing Services on Travel Behavior

Prateek Bansal, Rubal Dua

Major transformations are taking place in the road transportation sector, particularly in passenger auto travel. The arrival of transportation network companies (TNCs), including Uber, Didi Chuxing, Ola, Lyft and others, has the potential to critically alter key aspects of passenger…

Bansal, Prateek

Dua, Rubal

The Impact of China’s Oil Cap Pathway on Saudi Arabia’s Economic Transition

Dongmei Chen

On October 15, several leading Chinese research institutes released a joint study, “Research on China’s Oil Consumption Peak and Cap Plan” (ERI 2019). It analyzes China’s future oil demand and the policy instruments it could use to cap its use…

Chen, Dongmei

Estimating Saudi Arabia’s Regional GDP Using Satellite Nighttime Light Images

Hector G. Lopez-Ruiz, Jorge Blazquez, Fakhri Hasanov

The increasing availability of data from technologies such as mobile phones, satellites and connected devices means that there are many new possible sources of economic data. This study analyzes the potential use of nighttime light images from satellites to provide…

Lopez-Ruiz, Hector G.

Blazquez, Jorge

Hasanov, Fakhri

Securing New Markets in Asia: The Value of Strategic Spot Crude Oil Sales to Teapot Refiners

Jennifer Considine, Kang Wu, Abdullah Aldayel

In the race to secure customers on competitive world oil markets, many oil producers are looking to China as a promising source of increased market share. The task of securing new customers in China can be challenging, as most of…

Considine, Jennifer

Wu, Kang

Aldayel, Abdullah

The Impact of High Temperatures on Battery Performance in Solar-PV Systems With Storage

Amro Elshurafa, Mohammad Aldubyan

The World Bank estimates that nearly 1 billion people globally have no grid electricity access. Diesel generators are the default source of energy for locations lacking access to the grid. The falling costs of solar photovoltaic (PV) generation and battery…

Elshurafa, Amro

Aldubyan, Mohammad

Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?

Ryan Alyamani, Abdulelah Darandary, Jeyhun Mikayilov, Fakhri Hasanov

The government of Saudi Arabia has successfully reduced the country’s energy intensity, helped by its establishment of the Saudi Energy Efficiency Center (SEEC) and a series of energy price reforms (EPR) that began in 2016. However, how households have responded…

Alyamani, Ryan

Darandary, Abdulelah

Mikayilov, Jeyhun

Hasanov, Fakhri

India’s Rising Imports of LNG

Yagyavalk Bhatt

In 2017, India imported 20 million metric tons (MMmt) of liquefied natural gas (LNG), making it the world’s fourth-largest importer behind Japan, China and South Korea.

Bhatt, Yagyavalk

Implications of IMO 2020: The Potential for High Sulfur Fuel Oil Penetration in Saudi Arabia

Rami Shabaneh, Hamid M. Al Sadoon, Raed Al-Mestneer

January 1, 2020 marks the enforcement of the International Maritime Organization’s (IMO) rule on limiting sulfur emissions from ships (IMO 2020). The rule mandates ships to reduce the sulfur content in their fuels to 0.5% from the current 3.5%. This…

Shabaneh, Rami

Al Sadoon, Hamid M.

Al-Mestneer, Raed