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      Economic Growth and Convergence: Implications of Energy Transition Pathways

      Economic Growth and Convergence: Implications of Energy Transition Pathways

      Nader AlKathiri, Abdulelah Darandary

      The 44th International Association for Energy Economics (IAEE) conference was held in Riyadh, co-hosted by KAPSARC and the Saudi Association for Energy Economics (SAEE). It was the first IAEE conference in the Middle East and North Africa (MENA) region. The…

      Nader AlKathiri AlKathiri, Nader
      Abdulelah Darandary Darandary, Abdulelah
      17 January 2024
      Saudi Arabia’s High Borrowing Rates and Surging Deposits
      Productivity and Economic Diversification

      Saudi Arabia’s High Borrowing Rates and Surging Deposits

      Abdulelah Darandary

      This data insight visualizes the relationships between higher interest rates, deposit trends, and their impact on liquidity and saving behavior in the financial system. The three key points discussed are as follows: The Influence of Higher Interest Rates on Liquidity:…

      Abdulelah Darandary Darandary, Abdulelah
      14 December 2023
      The Role of Financial Development in Private Sector Growth in Saudi Arabia
      Models, Data and Tools

      The Role of Financial Development in Private Sector Growth in Saudi Arabia

      Fakhri Hasanov, Abdulelah Darandary, Ryan Alyamani

      Saudi Vision 2030 (SV2030), the masterplan for the socioeconomic development of the Kingdom, places considerable emphasis on the development of the private sector in the diversification of the economy. This plan aims to have the private sector account for 65%…

      Fakhri Hasanov Hasanov, Fakhri
      Abdulelah Darandary Darandary, Abdulelah
      Ryan Alyamani Alyamani, Ryan
      11 December 2023
      Saudi Arabia’s Input-Output Table: Computing Type I Multiplier
      Productivity and Economic Diversification

      Saudi Arabia’s Input-Output Table: Computing Type I Multiplier

      Abdulelah Darandary, Jeremy Rothfield

      The General Authority of Statistics of Saudi Arabia has released the input-output tables this year for 2018, 2019, and 2020 (GaStat, 2022). These releases have extended the number of sectors representing the Saudi Arabian economy to 20 from the 13…

      Abdulelah Darandary Darandary, Abdulelah
      Jeremy Rothfield Jeremy Rothfield
      5 September 2023
      Aggregate Real Energy Price Index
      Productivity and Economic Diversification

      Aggregate Real Energy Price Index

      Abdulelah Darandary, Anwar Gasim

      Our aggregate real energy index is constructed in two steps. First, sectoral energy prices are obtained from Hasanov et al (2020). Second, the index is constructed by calculating a weighted average of these sectoral energy prices, in which the weight…

      Abdulelah Darandary Darandary, Abdulelah
      Anwar Gasim Gasim, Anwar
      5 September 2023
      Humidity Adjusted Cooling and Heating Degree Days in Saudi Arabia
      Models, Data and Tools

      Humidity Adjusted Cooling and Heating Degree Days in Saudi Arabia

      Abdulelah Darandary, Jeyhun Mikayilov

      This data insight calculates the humidity-adjusted Cooling and Heating Degree Days for Saudi Arabia. This dataset can be used by researchers who model residential electricity demand, energy efficiency studies, and policymakers to base their potential policy scenarios on weather conditions.

      Abdulelah Darandary Darandary, Abdulelah
      Jeyhun Mikayilov Mikayilov, Jeyhun
      19 July 2023
      Modeling and Projecting Regional Electricity Demand for Saudi Arabia
      Models, Data and Tools

      Modeling and Projecting Regional Electricity Demand for Saudi Arabia

      Jeyhun Mikayilov, Abdulelah Darandary

      This paper utilizes a structural time series approach to model Saudi Arabia’s regional electricity demand, capturing undetected forces of variability in the data-generating process that include improvements in technology, energy-saving behavior, and other underlying trends that are excluded under conventional…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Abdulelah Darandary Darandary, Abdulelah
      05 June 2023
      Commercial Electricity Demand Modeling: Do Regional Differences Matter?
      Models, Data and Tools

      Commercial Electricity Demand Modeling: Do Regional Differences Matter?

      Jeyhun Mikayilov, Abdulelah Darandary

      One of the key benefits of understanding regional electricity consumption and its response to policy changes is enhancing the decision-making process. In Saudi Arabia, energy policies are set at the national level, and assessing their impacts at the regional level…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Abdulelah Darandary Darandary, Abdulelah
      25 June 2023
      Projecting Saudi Arabia’s CO2 Dynamic Baselines to 2060: A Multivariate Approach
      Models, Data and Tools

      Projecting Saudi Arabia’s CO2 Dynamic Baselines to 2060: A Multivariate Approach

      Abdulelah Darandary, Anwar Gasim, Lester C. Hunt, Jeyhun Mikayilov

      As a party to the Paris Agreement, which aims to limit the global average temperature rise to below 2 degrees and keep it as close as possible to 1.5 degrees Celsius, Saudi Arabia has submitted its nationally determined contribution (NDC).…

      Abdulelah Darandary Darandary, Abdulelah
      Anwar Gasim Gasim, Anwar
      Lester C. Hunt Hunt, Lester C.
      Jeyhun Mikayilov Mikayilov, Jeyhun
      6 June 2023
      Macroeconomic and Sectoral Effects of the Natural Gas Price: Policy Insights from a Macroeconometric Model
      Models, Data and Tools

      Macroeconomic and Sectoral Effects of the Natural Gas Price: Policy Insights from a Macroeconometric Model

      Fakhri Hasanov, Muhammad Javid, Jeyhun Mikayilov, Rami Shabaneh, Abdulelah Darandary, Ryan Alyamani

      Macroeconomic and sectoral assessment of the energy price reform (EPR) can provide policymakers with useful insights regarding price deregulation options. A key feature of this research that differentiates it from many other studies is its modeling framework. The framework first…

      Fakhri Hasanov Hasanov, Fakhri
      Muhammad Javid Javid, Muhammad
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Rami Shabaneh Shabaneh, Rami
      Abdulelah Darandary Darandary, Abdulelah
      Ryan Alyamani Alyamani, Ryan
      10 May 2023
      Regional Fuel Consumption and Carbon Dioxide Emissions in Saudi Arabia: Impacts of Electricity Price Reforms
      Models, Data and Tools

      Regional Fuel Consumption and Carbon Dioxide Emissions in Saudi Arabia: Impacts of Electricity Price Reforms

      Abdulelah Darandary, Jeyhun Mikayilov, Salaheddine Soummane

      Evaluating the potential outcomes of energy price reforms is essential for policymakers to assess their effectiveness. In 2016 and 2018, the Saudi government enacted two waves of energy price reforms to curb historically fast-growing electricity demand. We quantify the effects…

      Abdulelah Darandary Darandary, Abdulelah
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Salaheddine Soummane Soummane, Salaheddine
      5 March 2023
      A Remaining Piece of the COVID-19 Puzzle: Saudi Arabia’s Remittances Account
      Models, Data and Tools

      A Remaining Piece of the COVID-19 Puzzle: Saudi Arabia’s Remittances Account

      Abdulelah Darandary, Muhammad Javid, Maria Alkhamees

      It has been two years since the beginning of COVID-19, a one-of-a-kind crisis in recent history. The global economy was disrupted entirely in a few months and most economies faced shutdowns. While many disruptions can be explained, especially the economic…

      Abdulelah Darandary Darandary, Abdulelah
      Muhammad Javid Javid, Muhammad
      Maria Alkhamees Maria Alkhamees
      30 May 2022
      Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics

      Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics

      Jeyhun Mikayilov, Ryan Alyamani, Abdulelah Darandary, Muhammad Javid, Fakhri Hasanov, Saleh T. AlTurki, Rey B. Arnaiz

      The objective of this study is to investigate Saudi Arabia’s industrial electricity consumption at the regional level. We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Ryan Alyamani Alyamani, Ryan
      Abdulelah Darandary Darandary, Abdulelah
      Muhammad Javid Javid, Muhammad
      Fakhri Hasanov Hasanov, Fakhri
      Saleh T. AlTurki Saleh T. AlTurki
      Rey B. Arnaiz Rey B. Arnaiz
      13 January 2022
      Saving Costs and Emissions by Reforming Electricity Prices in Saudi Arabia: A Counterfactual Assessment
      Models, Data and Tools

      Saving Costs and Emissions by Reforming Electricity Prices in Saudi Arabia: A Counterfactual Assessment

      Abdulelah Darandary, Jeyhun Mikayilov, Hatem Al Atawi

      Electricity price reforms are generally regarded as a mechanism to reduce distortions in energy markets, improve energy efficiency, and increase government revenue. However, an additional co-benefit of such policy measures is lowering greenhouse gas (GHG) emissions.

      Abdulelah Darandary Darandary, Abdulelah
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Hatem Al Atawi Al Atawi, Hatem
      23 December 2021
      Economic Diversification Under Saudi Vision 2030
      Productivity and Economic Diversification

      Economic Diversification Under Saudi Vision 2030

      David Havrlant, Abdulelah Darandary

      The last decade has brought a row of substantial changes that have profound implications for the hydrocarbon resource-rich economies. The general answer to a changing environment is: Adapt! From the macroeconomic perspective, this means diversifying the economy to broaden the…

      David Havrlant Havrlant, David
      Abdulelah Darandary Darandary, Abdulelah
      14 April 2021
      The Saudi Move into Hydrogen: A Paradigm Shift

      The Saudi Move into Hydrogen: A Paradigm Shift

      Hatem Al Atawi, Abdulelah Darandary

      Saudi Arabia is moving ahead with its diversification plan, Saudi Vision 2030, by adopting hydrogen. The Kingdom is keen to enable the circular carbon economy (CCE) by producing and utilizing clean hydrogen. On September 27, Saudi Aramco announced its first…

      Hatem Al Atawi Al Atawi, Hatem
      Abdulelah Darandary Darandary, Abdulelah
      6 January 2021
      How the World Trading System Promotes and Impedes the Diversification of Developing Countries

      How the World Trading System Promotes and Impedes the Diversification of Developing Countries

      Abdelaaziz Aït Ali, Mohammed Al Doghan, Muhammad Bhatti, Carlos Braga, Abdulelah Darandary, Uri Dadush, Anabel González, Niclas Poitiers

      Diversification is important because it is associated with economic growth and reduced volatility. Export diversification is especially important for developing countries as a source of foreign exchange and imported know-how. We examine how export diversification is affected by trade policies,…

      Abdelaaziz Aït Ali Abdelaaziz Aït Ali
      Mohammed Al Doghan Mohammed Al Doghan
      Muhammad Bhatti Muhammad Bhatti
      Carlos Braga Carlos Braga
      Abdulelah Darandary Darandary, Abdulelah
      Uri Dadush Uri Dadush
      Anabel González Anabel González
      Niclas Poitiers Niclas Poitiers
      11 December 2020