Publications

Long-Term Forecasting Models of Oil Demand Emerging from the Global Petrochemical Sector

Raed Al-Mestneer, Carlo Andrea Bollino

This study aims to estimate the demand for petrochemical feedstocks for four main products (naphtha, ethane, liquified petroleum gas [LPG], and other petrochemical products) for each of the eight regions of the world.

Al-Mestneer, Raed

Bollino, Carlo Andrea

Long-Term Forecasting Models of Oil Demand Emerging from the Global Petrochemical Sector

MDPI

Raed Al-Mestneer, Carlo Andrea Bollino

Extended KGEMM’s Emission Block With Carbon Pricing

Fakhri Hasanov, Heyran Aliyeva, Majed Almozaini, Carlo Andrea Bollino

This methodological work develops a representation of carbon pricing through the KAPSARC Global Energy Macroeconometric Model (KGEMM). This representation makes two principal contributions in terms of model capabilities: establishing a feedback link from the emissions block to the energy block…

Hasanov, Fakhri

Heyran Aliyeva

Almozaini, Majed

Bollino, Carlo Andrea

Gasoline and Diesel Prices in the OECD, China, and India: How Do They Behave During Volatile Times?

Julio Arboleda, Zlata Sergeeva, Cian Mulligan, Carlo Andrea Bollino

The collapse of crude oil prices in 2020, driven by the effects of COVID-19, the recovery packages implemented in 2021 to overcome the crisis, and the recent geopolitical conflicts in 2022, have marked a distinctive three-year period in the oil…

Arboleda, Julio

Sergeeva, Zlata

Mulligan, Cian

Bollino, Carlo Andrea

The G7 Pricing Scheme, an Exercise in Monopsony Power

Carlo Andrea Bollino, Jennifer Considine

High in the Bavarian Alps, at a special security session, G7 leaders set out to devise an ambitious plan to sanction Russian energy sales. The intent was to reduce Russian profits from oil and gas sales, while minimizing the damage…

Bollino, Carlo Andrea

Considine, Jennifer

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

Energy Security and Portfolio Diversification: The Exporter’s Perspective

Philipp Galkin, Carlo Andrea Bollino

Despite the increasing attention paid to energy security and the continuously broadening scope of the field, the perspective of energy importing countries (i.e., supply security) has overshadowed that of exporters, who seek to ensure demand security. As official statements and…

Galkin, Philipp

Bollino, Carlo Andrea

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

Adaptive Policy to Leverage Hydrogen in The Energy Transition

T20

Hydrogen is a key enabling vector of the energy transition. Multiple studies have demonstrated the potential of hydrogen to reduce carbon emissions and serve as a new energy medium in industries where electricity cannot be easily used. Along with continued…

Maxime Schenckery, Carlo Andrea Bollino, Alena Fargere, Rami Shabaneh, Yena Chae, James G. Carton, Bartlomiej Kolodziejczyk

Balancing Energy Security Priorities: Portfolio Optimization Approach to Oil Imports

Taylor & Francis Online

The notion of energy security in most interpretations includes the physical supply and price affordability components, making financial risks a crucial part of energy security strategies. Mainstream analysis has focussed on the notion of the physical supply. This paper introduces…

Philipp Galkin, Simona Bigerna, Carlo Andrea Bollino

The Role of Monetary Policy in Worldwide Solidarity in the Face of Covid-19

T20

The COVID-19 pandemic has created an unprecedented symmetric shock worldwide. The main challenge is promptly addressing the reduction in incomes and jobs in order to reduce the short-term losses and to compensate for missing income and growth in the future.…

Carlo Andrea Bollino, Simona Bigerna, Amedeo Argentiero, Paolo Polinori, Maria Chiara D’Errico, Mirko Abbritti, Silvia Micheli, Mustafa Yagci

Estimating the Household Consumption Function in Saudi Arabia: An Error Correction Approach

Taylor & Francis Online

We estimate a micro-founded life-cycle consumption model for Saudi Arabia over the period 1970–2017 using error correction model procedures. Dynamic adjustments are significant, and both income and wealth are found to have significant effects, with a long-run marginal propensity to…

Goblan Al Gahtani, Carlo Andrea Bollino, Simona Bigerna, Axel Pierru

Balancing Energy Security Priorities: A Portfolio Optimization Approach to Oil Imports

Philipp Galkin, Carlo Andrea Bollino, Simona Bigerna

The idea of energy security emerged after the energy crises of the 1970s. It has evolved from the initial paradigm of assuring sufficient energy supplies to include a price affordability perspective and, eventually, many other energy-related issues, such as infrastructure,…

Galkin, Philipp

Bollino, Carlo Andrea

Bigerna, Simona

How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi Arabia

Fakhri Hasanov, Brantley Liddle, Carlo Andrea Bollino, Jeyhun Mikayilov

In this study, we investigate how total factor productivity (TFP), alongside income, price, and population, shapes energy consumption in the long-run in Saudi Arabia, the world’s number one oil exporter. To do so, we first estimate a production function and…

Hasanov, Fakhri

Brantley Liddle

Bollino, Carlo Andrea

Mikayilov, Jeyhun

Iran Sanctions: Implications for the Oil Market

Carlo Andrea Bollino, Brian Efird, Fakhri Hasanov, Emre Hatipoglu

United States (U.S.) Iran energy sanction waivers expired May 2, 2019. The waivers permitted eight economies (China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey) to temporarily continue buying oil from Iran. Based on KAPSARC modeling of the political…

Bollino, Carlo Andrea

Efird, Brian

Hasanov, Fakhri

Hatipoglu, Emre

Estimating the Household Consumption Function in Saudi Arabia

Goblan Al Gahtani, Carlo Andrea Bollino, Simona Bigerna, Axel Pierru

This research is part of a joint project between the Saudi Arabian Monetary Authority (SAMA) and the King Abdullah Petroleum Studies and Research Center (KAPSARC). This paper estimates a micro-based life cycle consumption model for Saudi Arabia over the period…

Goblan Al Gahtani

Bollino, Carlo Andrea

Bigerna, Simona

Pierru, Axel

A Comparison of Alternative Programs for Climate Policies

Tarek Atalla, Simona Bigerna, Carlo Andrea Bollino

This research paper compares the relative welfare impact of different options for allocating the financing burden of climate change mitigation policies. Focusing on efficient ways to finance policies aimed at climate change mitigation, not only at direct carbon reduction, could…

Atalla, Tarek

Bigerna, Simona

Bollino, Carlo Andrea

Effect of Preferential Trade Agreements on China’s Energy Trade From Chinese and Exporters’ Perspectives

Emerald Insight

China is a major energy import powerhouse, its trade deals have significant impact on international energy trade and global energy markets. The purpose of this paper is to explore the role of energy in China’s preferential trade agreements (PTAs) and…

Philipp Galkin, Carlo Andrea Bollino, Tarek Atalla

Potential Effects of Trade Liberalization on China’s Imports of Plastics From the GCC

Philipp Galkin, Carlo Andrea Bollino, Rami Shabaneh

Petrochemical products, particularly plastics, contribute to a significant share of expanding and increasingly diverse trade flows between the Gulf Cooperation Council (GCC) countries and China. The petrochemical sector could benefit from a preferential bilateral trade regime between China and the…

Galkin, Philipp

Bollino, Carlo Andrea

Shabaneh, Rami