Publications

A Macroeconometric Model for Saudi Arabia: A Case Study on the World’s Largest Oil Exporter

Muhammad Javid, Jeyhun Mikayilov, Fakhri Hasanov, Fred Joutz

Open Access Brief Introduces the KAPSARC Global Energy Macroeconometric Model for Saudi Arabia Combines cutting-edge econometric methods, a well-established theoretical foundation, and empirical coherence Customizable for different research and policy questions   Click here to read the book

Javid, Muhammad

Mikayilov, Jeyhun

Hasanov, Fakhri

Joutz, Fred

Your Mileage May Vary: Have Road-fuel Demand Elasticities Changed Over Time in Middle-income Countries?

Science Direct

Fakhri Hasanov

Cost, Emission, and Macroeconomic Implications of Diesel Displacement in the Saudi Agricultural Sector: Options and Policy Insights

Science Direct

Amro Elshurafa, Hatem Al Atawi, Fakhri Hasanov, Goblan Al Gahtani, Frank Felder

The impact of fiscal policy on non-oil GDP in Saudi Arabia

Taylor & Francis Online

Fakhri Hasanov, Nader AlKathiri, Saad Alshahrani, Ryan Alyamani

Cost, Emission, and Macroeconomic Implications of Diesel Displacement in the Saudi Agricultural Sector: Options and Policy Insights

Amro Elshurafa, Hatem Al Atawi, Fakhri Hasanov, Frank Felder

The Saudi agricultural sector relies on diesel for irrigation, which is provided to farmers at a much lower price than the average global price, implying significant opportunity costs. With the aid of soft-coupled power and macro-econometric models, we assess the…

Elshurafa, Amro

Al Atawi, Hatem

Hasanov, Fakhri

Felder, Frank

Determinants of Remittance Outflows: The Case of Saudi Arabia

Muhammad Javid, Fakhri Hasanov

International labor migration has played a key role in the development of both advanced and developing countries. Many developing countries in Asia have relied on labor migration, mainly to the oil-rich Gulf region, to reduce both unemployment and poverty (Naseem…

Javid, Muhammad

Hasanov, Fakhri

Sectoral Investment Analysis for Saudi Arabia

Taylor & Francis

Muhammad Javid, Fakhri Hasanov, Carlo Andrea Bollino, Marzio Galeotti

Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics

Jeyhun Mikayilov, Ryan Alyamani, Abdulelah Darandary, Muhammad Javid, Fakhri Hasanov, Saleh T. AlTurki, Rey B. Arnaiz

The objective of this study is to investigate Saudi Arabia’s industrial electricity consumption at the regional level. We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and…

Mikayilov, Jeyhun

Alyamani, Ryan

Darandary, Abdulelah

Javid, Muhammad

Hasanov, Fakhri

Saleh T. AlTurki

Rey B. Arnaiz

Theoretical framework for industrial energy consumption revisited: The role of demographics

Science Direct

Fakhri Hasanov

Oil Market Shocks and Financial Instability in Asian Countries

Fakhri Hasanov, Leila Dagher

There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock…

Hasanov, Fakhri

Dagher, Leila

The Impact of Total Factor Productivity on Energy Consumption: Theoretical Framework and Empirical Validation

Science Direct

Jeyhun Mikayilov, Fakhri Hasanov

Sectoral Employment Analysis for Saudi Arabia

Taylor & Francis

Jeyhun Mikayilov, Fakhri Hasanov, Muhammad Javid

Sectoral Investment Analysis for Saudi Arabia

Muhammad Javid, Fakhri Hasanov, Carlo Andrea Bollino, Marzio Galeotti

This study aims to investigate the determinants of short- and long-run investment behavior in Saudi Arabia for eight non-oil sectors. Saudi Arabia is currently proceeding with its historic Vision 2030 reform plan, which aims to significantly increase the private sector’s…

Javid, Muhammad

Hasanov, Fakhri

Bollino, Carlo Andrea

Galeotti, Marzio

Saudi Non-oil Exports Before and After COVID-19: Historical Impacts of Determinants and Scenario Analysis

Fakhri Hasanov, Fred Joutz, Muhammad Javid

The diversification of the non-oil sector, including its exports, is at the core of Saudi Vision 2030. This study investigates Saudi non-oil exports in a novel way. Specifically, it differs from previous studies on this topic owing to its modeling…

Hasanov, Fakhri

Joutz, Fred

Javid, Muhammad

Sectoral Employment Analysis for Saudi Arabia

Taylor & Francis Online

This study aims to explore the impact of output and wage on labour demand in Saudi Arabia at sectoral level. We applied cointegration and equilibrium correction methods to the time-series data of 10 sectors over 1995–2016 using the demand side…

Fakhri Hasanov, Jeyhun Mikayilov, Moayad H. Al-Rassasi, Mohammed Alabdullah

Estimating Different Order Polynomial Logarithmic Environmental Kuznets Curves

Springer Link

This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) specifications are arbitrary and should therefore not be…

Fakhri Hasanov, Jeyhun Mikayilov, Lester C. Hunt

Fiscal Multipliers for Saudi Arabia Revisited

H.E. Dr. Majid Al Moneef, Fakhri Hasanov

Fiscal policy lies at the heart of key macroeconomic and budgetary decisions and is central to understanding the dynamics of oil rich economies. Fiscal multipliers, including spending multipliers, indicate how changes to fiscal policy can stimulate economic growth, to what…

H.E. Dr. Majid Al Moneef

Hasanov, Fakhri

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia

Jeyhun Mikayilov, Abdulelah Darandary, Ryan Alyamani, Fakhri Hasanov, Hatem Al Atawi

Aggregate residential electricity consumption in Saudi Arabia has increased rapidly over the past several decades, largely due to population increases and fast economic growth (SAMA 2019). The growth in electricity consumption has been driven, among other factors, by government-administered prices…

Mikayilov, Jeyhun

Darandary, Abdulelah

Alyamani, Ryan

Hasanov, Fakhri

Al Atawi, Hatem

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

Taylor & Francis

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia: Modeling Regional Residential Electricity Demand

Science Direct

Jeyhun Mikayilov, Abdulelah Darandary, Ryan Alyamani, Fakhri Hasanov, Hatem Al Atawi