Primary Program
About
Fatih Karanfil is a Principal Fellow in the Energy Macro and Microeconomics Program at KAPSARC, with expertise in energy and environmental economics. Before joining KAPSARC, he was an Associate Professor of Economics at the University of Paris Nanterre and a Fellow at EconomiX-CNRS. His research focuses on developing economic frameworks for energy policymaking in oil-producing countries and has been published in leading journals. He holds a Ph.D. in economics from the University of Paris 1 Panthéon-Sorbonne and an HDR degree for supervising doctoral research.
Publications
20 January 2025
Windfalls and Pitfalls: How Foreign Labor Strengthens Economic Resilience in GCC During Energy TransitionGovernments in oil-dependent countries, particularly those in the Gulf, have launched broad and ambitious national plans to diversify their economies. While diversification reduces vulnerability to oil shocks, the expansion of renewables and the deregulation of domestic energy prices...
05 June 2024
Energy Transition in Oil-Dependent Economies: Public Discount Rates for Investment Project EvaluationThe selection of welfare-enhancing projects necessitates the determination of the present value of cash flows from a public policy perspective. For an oil-exporting economy, the domestic energy transition often implies displacing oil from domestic consumption. Economic dependence on ...
04 July 2023
Fiscal Policy in Oil and Gas-Exporting Economies: Good Times, Bad Times and Ugly TimesRevenues from oil and gas exports represent an important source of government budgets in some emerging countries. At the same time, these revenues fluctuate considerably due to changing global economic conditions and energy prices. Economic theory prescribes that governments should t...
11 May 2023
The Energy Transition and Export Diversification in Oil-Dependent Countries: The Role of Structural Factorse energy transition toward decarbonization is expected to impact producers of fossil fuels. However, oil-exporting countries are currently key players in the modern economy. Thus, the energy transition will not be successful if state revenues in these countries are not stably maintai...
06 August 2020
Cooperate or Compete? Insights from Simulating a Global Oil Market with No Residual SupplierStructural changes in the global oil sector are disrupting conventional market dynamics and the roles played by competing and cooperating producers. Industry players are adjusting to the shale (or ‘tight’) oil revolution and the possibility of plateauing or peaking global oil demand....
01 March 2020
The Opportunity Cost of Domestic Oil Consumption for an Oil Exporter: Illustration for Saudi ArabiaWhen appraising investment projects from a public perspective, a barrel of oil displaced from or added to domestic consumption has to be valued at its opportunity cost. This paper develops a partial-equilibrium framework to assess the opportunity cost of domestic oil consumption for ...
