Publications

K-DSGE 2.0: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia with Carbon Circular Economy Features

Hossa Almutairi, Marzio Galeotti, Baltasar Manzano, Axel Pierru

This paper describes a substantially improved version of K-DSGE, the dynamic stochastic general equilibrium model of the Saudi Arabian economy, developed by KAPSARC researchers.

Almutairi, Hossa

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Sage Journals

We assess the extent to which the implementation of Vision 2030 policies enhances the Saudi economy’s resilience to oil shocks. Using a dynamic stochastic general equilibrium model that captures the country’s economic diversification policies, we build a resilience index based…

Hossa Almutairi, Axel Pierru, Baltasar Manzano, Marzio Galeotti

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Hossa Almutairi, Marzio Galeotti, Baltasar Manzano, Axel Pierru

We assess the extent to which the implementation of Saudi Vision 2030 policies enhances the Saudi economy’s resilience to oil price and production shocks, and to the productivity of tradable and non-tradable goods. We extend Blazquez et al.’s (2021) dynamic…

Almutairi, Hossa

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

Sectoral Investment Analysis for Saudi Arabia

Taylor & Francis

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

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

Integrated Policies to Improve the Energy–Water– Food System Nexus to Achieve the SDGs

T20

The challenges posed by the water–food–energy nexus have been well documented. Demand for all three of these crucial elements of human growth is increasing, driven by a rising global population, rapid urbanization, changing diets, and economic growth. However, an integrated…

Carlo Andrea Bollino, Venkatachalam Anbumozhi, Marzio Galeotti, Suresh Babu, Yamaji Eiji

Coastal Challenges: Mainstreaming Climate Action in the G20 Development Agenda

T20

This policy brief explores and provides a holistic view of the existing practices, issues, and opportunities for a sustainable coastal management initiative among the G20 member countries. Specifically, it highlights coastal disaster risk reduction and resilience strategies, along with the…

Marzio Galeotti, Radia Sedaoui, Wilfred Lunga, Prasoon Singh, Christian Otto, Markus Zimmer, M. Tabitha Benney

Analyzing the Effects of Saudi Arabia’s Economic Reforms Using a Dynamic Stochastic General Equilibrium Model

Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan

Saudi Arabia is the world’s second-largest holder of proved oil reserves and the second-largest producer of petroleum liquids. The country is the largest exporter of crude oil, with a share of 16% of total crude oil exports in 2017. Saudi Arabia’s…

Blazquez, Jorge

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

Pradhan, Shreekar

K-DSGE: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia

Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan

This paper describes a dynamic stochastic general equilibrium (DSGE) model of the Saudi Arabian economy, developed by KAPSARC researchers. The K-DSGE model is to be used for simulations and experiments to assess the impact of economic reforms within the Saudi…

Blazquez, Jorge

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

Pradhan, Shreekar

The impact of economic growth on CO2 emissions in Azerbaijan

Journal of Cleaner Production

This paper investigates the relationship between the economic growth and CO2 emissions in Azerbaijan. A cointegration analysis is conducted over the period 1992–2013. For getting more robust results, Johansen, ARDLBT, DOLS, FMOLS and CCR methods are employed to explore cointegration…

Jeyhun Mikayilov, Marzio Galeotti, Fakhri Hasanov

Decoupling of CO2 emissions and GDP: A time-varying cointegration approach

Ecological Indicators

The relationship between CO2 emissions, the main gas responsible for global warming, and economic growth is among the most studied themes of environmental economics. Reducing overall emissions while keeping a high pace of economic development is at the heart of…

Jeyhun Mikayilov, Fakhri Hasanov, Marzio Galeotti

Growth Through Diversification and Energy Efficiency: Energy Productivity in Saudi Arabia

Steven Fawkes, Marzio Galeotti, Nicholas Howarth, Moncef Krarti, Alessandro Lanza, Padu Padmanabhan

With domestic energy demand in Saudi Arabia expected to potentially double by 2030, managing the relationship between energy consumption and economic growth will be very important for the Kingdom’s sustainable development. To assist in this task, this report recommends using…

Fawkes, Steven

Galeotti, Marzio

Howarth, Nicholas

Krarti, Moncef

Lanza, Alessandro

Padmanabhan, Padu

Economic development and energy consumption in the GCC

An international sectoral analysis’ Energy Transitions

Nicholas Howarth, Marzio Galeotti, Alessandro Lanza, Kankana Dubey

Ethanol and Field Crops: Is There a Price Connection?

Food Policy

Marzio Galeotti

Energy Productivity in the GCC: Evidence From an International Kuznets Curve Analysis

Marzio Galeotti, Nicholas Howarth, Alessandro Lanza

This paper explores energy productivity trends at a national level for the countries of the Gulf Cooperation Council (GCC) and puts them in an international context. This analysis can be used as part of an evidence base for setting nationally…

Galeotti, Marzio

Howarth, Nicholas

Lanza, Alessandro

Energy Productivity as a New Growth Model for GCC Countries

Marzio Galeotti, Nicholas Howarth, Alessandro Lanza

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to find a new growth model which increases the welfare of their citizens, while reducing exposure to volatile energy markets. This paper argues that placing energy…

Galeotti, Marzio

Howarth, Nicholas

Lanza, Alessandro

Environmental Regulation and Competitiveness: Empirical Evidence on the Porter Hypothesis from European Manufacturing Sectors

Energy Policy

Marzio Galeotti

Causality and Predictability in Distribution: The Ethanol-Food Price Relation Revisited

Energy Economics

Marzio Galeotti

Uncertainty in Integrated Assessment Modelling: Can Global Sensitivity Analysis Be of Help?

Risk Analysis

Marzio Galeotti

Forecasting the Oil-Gasoline Price Relationship: Do Asymmetries Help?

Energy Economics

Marzio Galeotti