• Program -
  • Type Book/book chapter
  • Date 22 May 2025
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Abstract

This entry gives a thorough overview of the concept of energy demand, including its forms and the different consumer groups associated with it. It outlines the theoretical underpinnings of how energy demand is shaped, and discusses the significance and justification for modeling energy demand. Clarification of fundamental modeling concepts is provided, with an emphasis on the two crucial aspects of the energy demand modeling process: energy demand forecasting and projection. Along with an investigation of the key factors influencing energy consumption, theoretical and mathematical frameworks are also examined. The chapter provides an overview of the many technical components of energy demand modeling as well as the main domains in which demand models are applied and their results are produced. The most current trending issues in the literature on energy demand modeling are also covered.

 

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Authors

Jeyhun Mikayilov

Principal Fellow- Energy Macro & Microeconomics Jeyhun is a principal  fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State…

Jeyhun is a principal  fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State University) in mathematics. Jeyhun holds a Ph.D. in applied mathematics and a D.S. in econometrics. Before joining KAPSARC in September 2017, Jeyhun was an associate professor at the Department of Statistics and Econometrics at Azerbaijan State University, and the Department of Economics at Qafqaz University, where he taught econometrics, statistics, and mathematical economics. His other roles have included director of the Research Institute for Social Sciences and Humanities, and head of the Center for Socio-Economic Research. Jeyhun was a postdoctoral researcher at Indiana University Bloomington, United States (U.S.). He has also been a visiting researcher at several institutions, including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; the University of North Texas, and the University of South Texas, both in the U.S.

Jeyhun’s research is focused on applied time series econometrics, the economics of energy, the environment and sustainable development. He has authored over 40 scientific articles published in peer-reviewed journals and is an editorial board member of the International Journal of Advanced Multidisciplinary Research and Review, the Journal of Management, Economics and Industrial Organization, and the Journal of Socio-Economic Studies, and a member of the International Association for Energy Economics.

Expertise

  • Applied Time Series Econometrics
  • The Economics of Energy and Environment
  • Sustainable Development

Publications See all Jeyhun Mikayilov’s publications

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