Publications

The Impact of Total Factor Productivity on Energy Consumption: Theoretical Framework and Empirical Validation

Science Direct

Jeyhun Mikayilov, Fakhri Hasanov

Sectoral Employment Analysis for Saudi Arabia

Taylor & Francis

Jeyhun Mikayilov, Fakhri Hasanov, Muhammad Javid

Sectoral Employment Analysis for Saudi Arabia

Taylor & Francis Online

This study aims to explore the impact of output and wage on labour demand in Saudi Arabia at sectoral level. We applied cointegration and equilibrium correction methods to the time-series data of 10 sectors over 1995–2016 using the demand side…

Fakhri Hasanov, Jeyhun Mikayilov, Moayad H. Al-Rassasi, Mohammed Alabdullah

Estimating Different Order Polynomial Logarithmic Environmental Kuznets Curves

Springer Link

This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) specifications are arbitrary and should therefore not be…

Fakhri Hasanov, Jeyhun Mikayilov, Lester C. Hunt

Gasoline Demand Elasticities at the Backdrop of Lower Oil Prices: Fuel-Subsidizing Country Case

MDPI

Jeyhun Mikayilov

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia: Modeling Regional Residential Electricity Demand

Science Direct

Jeyhun Mikayilov, Ryan Alyamani, Abdulelah Darandary, Hatem Al Atawi

Gasoline Demand Elasticities at the Backdrop of Lower Oil Prices: Fuel-Subsidzing Country Case

MDPI

This study investigates the income and price elasticities of gasoline demand for a fuel subsidizing country case, applying three different time-varying coefficient approaches to the data spanning the period from January 2002 to June 2018. The empirical estimations concluded a…

Jeyhun Mikayilov, Shahriyar Mukhtarov, Jeyhun Mammadov

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia

Jeyhun Mikayilov, Abdulelah Darandary, Ryan Alyamani, Fakhri Hasanov, Hatem Al Atawi

Aggregate residential electricity consumption in Saudi Arabia has increased rapidly over the past several decades, largely due to population increases and fast economic growth (SAMA 2019). The growth in electricity consumption has been driven, among other factors, by government-administered prices…

Mikayilov, Jeyhun

Darandary, Abdulelah

Alyamani, Ryan

Hasanov, Fakhri

Al Atawi, Hatem

Gasoline Demand in Saudi Arabia: Are The Price and Income Elasticities Constant?

Taylor & Francis

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

The FDI-CO2 Nexus From The Sustainable Development Perspective: The Case of Azerbaijan

Taylor and Francis Online

The current study explores the effect of Foreign Direct Investment (FDI) on CO2 emissions in Azerbaijan utilizing time series data spanning from 1996 to 2013. The structural time series modeling (STSM) approach is employed in empirical estimations. The STSM framework allows…

Shahriyar Mukhtarov, Shahriyar Aliyev, Jeyhun Mikayilov, Altay Ismayilov, Anar Rzayev

The FDI-CO2 Nexus From The Sustainable Development Perspective: The Case of Azerbaijan

Taylor & Francis

Jeyhun Mikayilov

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia: Modeling Regional Residential Electricity Demand

Science Direct

Jeyhun Mikayilov, Abdulelah Darandary, Ryan Alyamani, Fakhri Hasanov, Hatem Al Atawi

Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Taylor and Francis Online

The paper investigates gasoline consumption in case of oil-exporting country applying Time-varying Coefficient Cointegration approach to the data from 1980 to 2017. Empirical estimations show that long-run income and price elasticities are not constant and are responsive to price and…

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach

Czech Statistical Office

One of the most discussed topics of Environmental economics is the choice of the appropriate functional form to examine the income-environmental impact relationship. Since the developing economies encounter different development stages, the use of relevant specification and technique gains special…

Jeyhun Mikayilov, Fakhri Hasanov, Nicholas Apergis

Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?

MDPI

The study analyzes the impact of economic growth, carbon dioxide (CO2) emissions, and oil price on renewable energy consumption in Azerbaijan for the data spanning from 1992 to 2015, utilizing structural time series modeling approach. Estimation results reveal that there…

Jeyhun Mikayilov, Shahriyar Mukhtarov, Vugar Muradov, Sugra Humbatova

Electricity Demand Modeling in Saudi Arabia: Do Regional Differences Matter

Jeyhun Mikayilov, Fakhri Hasanov, Waheed Olagunju, Mohammad H. Al-Shehri

Energy is a pervasive input to all business and recreational activities. As such, total energy demand is an important indicator that helps explain the pattern of economic development within a country. Identifying and understanding the key determinants of electricity demand…

Mikayilov, Jeyhun

Hasanov, Fakhri

Waheed Olagunju

Mohammad H. Al-Shehri

Electricity demand modeling in Saudi Arabia: Do regional differences matter?

Science Direct

The paper examines the electricity demand behavior for Saudi Arabia, using annual data for the period of 1990–2016, at regional level. The study finds that income, price and population are the main drivers of electricity demand at regional level. Although,…

Jeyhun Mikayilov, Fakhri Hasanov, Mohammad H. Al-Shehri, Waheed Olagunju

Environmental consequences of tourism: do oil-exporting countries import more CO2 emissions?

taylor & Francis Online

The study explores the impact of international tourism on consumption-based CO2 emissions in the case of Azerbaijan for the period of 1995–2013. The results of the long-run estimations revealed that the relationship between CO2 emissions and international tourism revenues is N-shaped.…

Shahriyar Mukhtarov, Jeyhun Mikayilov, Jeyhun Mammadov, Shahriyar Aliyev

Modeling Sectoral Employment in Saudi Arabia

Fakhri Hasanov, Jeyhun Mikayilov, Moayad H. Al-Rassasi, Mohammed Al-Abdullah, Fred Joutz, Muhammad Javid

Achieving the desired level of employment is central to macroeconomic policy. Regulators should have a better understanding of employment dynamics in order to design appropriate policies and test their impact. Healthy employment levels not only benefit household income and the production factor of firms, but also…

Hasanov, Fakhri

Mikayilov, Jeyhun

Moayad H. Al-Rassasi

Mohammed Al-Abdullah

Joutz, Fred

Javid, Muhammad

Revisiting Energy Demand Relationship: Theory and Empirical Application

MPI

In this paper, we revisit the theoretical framework for energy demand. We then use this theoretical framework to empirically model the Saudi Arabian industrial electricity demand. We show, in the case of Saudi Arabian data, that imposing parsimonious energy demand…

Fakhri Hasanov, Jeyhun Mikayilov