• Focus Area Models, Data and Tools Models, Data and Tools
  • Type Discussion paper
  • Date 23 November 2021
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Abstract

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 market. This strand of the literature began with the pioneering work of Kling (1985). Since then, other financial markets, such as banking, have also received a fair share of analysis.

Authors

Fakhri Hasanov

Senior Fellow I Fakhri Hasanov is a senior fellow and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience… Fakhri Hasanov is a senior fellow and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University. His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

  • Econometric modeling and forecasting
  • Time series and panel data econometrics
  • Macroeconometric models for policy analyses
  • Energy economics
  • Environmental economics.

Publications See all Fakhri Hasanov’s publications

Leila Dagher

Leila Dagher

Visiting Researcher Dr. Leila Dagher is an Associate Professor of Economics at the American University of Beirut (AUB). She previously served as… Dr. Leila Dagher is an Associate Professor of Economics at the American University of Beirut (AUB). She previously served as the Director of the Institute of Financial Economics (AUB), chaired the Department of Economics (AUB), and has been an adjunct lecturer at the George Washington University (GWU) since 2016. Dr. Dagher’s research is at the nexus of energy, environment, and economics. Using econometrics tools, she studies various aspects of the environmental and energy sectors. Her research is frequently presented at international conferences such as the ASSA and the WEAI annual conferences, and has appeared in The Energy Journal, Energy Policy, Energy Economics, and other leading peer-reviewed journals. Dr. Dagher has been a visiting scholar at Harvard’s Kennedy School of Government, GWU, Virginia Tech, UCLA, and the National Renewable Energy Lab in Golden, Colorado. She holds a Bachelor of Engineering from the American University of Beirut and a Ph.D. in Mineral Economics from the Colorado School of Mines.

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