Publications

KGEMM: A Macroeconometric Model for Saudi Arabia

Fakhri Hasanov, Fred Joutz, Jeyhun Mikayilov

The KAPSARC Global Energy Macroeconometric Model (KGEMM), is a policy analysis tool for examining the impacts of domestic policy measures and global economic and energy shocks on the Kingdom of Saudi Arabia.

Hasanov, Fakhri

Joutz, Fred

Mikayilov, Jeyhun

Carbon Price Policies and International Competitiveness in G20 Countries

T20

A major challenge in implementing carbon pricing policies is to account for their economic outcomes. Notably, competitiveness is the key economic performance indicator to be considered. Extant theory mainly emphasizes the negative effect of carbon pricing on competitiveness; however, there…

Fakhri Hasanov, Jeyhun Mikayilov, Ryan Alyamani, Brantley Liddle, Abdulelah Darandary, Nicholas Apergis, Ceyhun Mahmudlu

Elasticity Analysis of Fossil Energy Sources for Sustainable Economies: A Case of Gasoline Consumption in Turkey

MDPI

The current paper investigates the gasoline demand relationship in the case of Turkey, utilizing different econometric techniques and using quarterly data spanning from 2000Q1 to 2019Q1. The estimation results revealed that income and gasoline price are the main drivers of…

Jeyhun Mikayilov, Shahriyar Mukhtarov, Hasan Dincer, Serhat Yuksel, Ridvan Aydm

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

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

After the drop in international oil prices in 2014, oil-exporting countries started to launch new policies to develop their economies. It is important that policymakers involved in energy and economic development understand how economic agents respond to increased energy prices…

Mikayilov, Jeyhun

Joutz, Fred

Hasanov, Fakhri

Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?

Ryan Alyamani, Abdulelah Darandary, Jeyhun Mikayilov, Fakhri Hasanov

The government of Saudi Arabia has successfully reduced the country’s energy intensity, helped by its establishment of the Saudi Energy Efficiency Center (SEEC) and a series of energy price reforms (EPR) that began in 2016. However, how households have responded…

Alyamani, Ryan

Darandary, Abdulelah

Mikayilov, Jeyhun

Hasanov, Fakhri

The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

The growth path of gasoline demand, a key strategic fuel, has important implications for oil security, oil-related carbon emissions, and refinery investment (Dahl 2012). As such, understanding how fluctuations in income and gasoline prices could affect the demand for oil…

Mikayilov, Jeyhun

Joutz, Fred

Hasanov, Fakhri

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

Re-evaluating the Environmental Impacts of Tourism: Does EKC Exist?

Springer

The study investigates the long-run impact of tourism development on ecological footprint by employing the time-varying coefficient cointegration approach (TVC), in addition to the conventional cointegration techniques in the case of Azerbaijan for the period of 1996–2014.

Jeyhun Mikayilov, Jeyhun Mammadov, Mayis Azizov, Shahriyar Mukhtarov

The impact of financial development on energy consumption: Evidence from an oil-rich economy

Energies

This paper examines the relationship between energy consumption, financial development, and economic growth in an oil-rich economy—Azerbaijan—employing cointegration techniques to the data ranging from 1992 to 2015. The results confirm the existence of a long-run relationship among the variables. Also,…

Jeyhun Mikayilov

The impact of international trade on CO2 emissions in oil exporting countries: Territory vs consumption emissions accounting

Energy Economics

While international trade and Carbon dioxide (CO2) emissions have been well-studied, a panel of only oil-exporting developing economies has not been considered. This paper addresses that gap by investigating the role of the trade in CO2 emissions using a panel…

Fakhri Hasanov, Jeyhun Mikayilov

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

Measuring international migration in Azerbaijan

Sustainability (Switzerland)

International migration significantly affects economic, social, cultural, and political factors of the country. Owing to this situation, it can be said that the reasons of international migration should be analyzed in order to control this problem. The purpose of this…

Jeyhun Mikayilov

Residential electricity use effects of population in Kazakhstan

International Journal of Energy Technology and Policy

We studied impacts of population groups of 15–64 and 65–above on residential electricity use in Kazakhstan in the STIRPAT framework. Unlike earlier studies for Kazakhstan in the STIRPAT framework, we applied time series cointegration and error correction methods. Results from…

Jeyhun Mikayilov, Fakhri Hasanov

The impact of age groups on consumption of residential electricity in Azerbaijan

Communist and Post-Communist Studies

In this study, we examined the impacts of population age groups of 0–14, 15–64 and 65-above on residential electricity consumption in Azerbaijan within the STIRPAT framework. Unlike many prior studies of STIRPAT framework, we analyzed this impact, employing co-integration and…

Fakhri Hasanov, Jeyhun Mikayilov

Modeling of electricity demand for Azerbaijan: Time-varying coefficient cointegration approach

Energies

Recent literature has shown that electricity demand elasticities may not be constant over time and this has investigated using time-varying estimation methods. As accurate modeling of electricity demand is very important in Azerbaijan, which is a transitional country facing significant…

Jeyhun Mikayilov, Fakhri Hasanov, Carlo Andrea Bollino

Management of Oil Revenues: Has That of Azerbaijan Been Prudent?

Economies

Jeyhun Mikayilov

The role of oil prices in exchange rate movements: the CIS oil exporters

Economies

Fakhri Hasanov, Jeyhun Mikayilov

Does urbanization boost pollution from transport?

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

The study examines the impacts of urbanization, energy consumption and real GDP on atmospheric pollution from automobile transport in Azerbaijan in the STIRPAT framework. Since the study uses time series variables the unit root properties of employed variables are tested…

Jeyhun Mikayilov

The relationship between energy consumption and economic growth: Evidence from Azerbaijan

International Journal of Energy Economics and Policy

The study investigates the causal relationship between energy consumption and economic growth in Azerbaijan using annual data covering the period from 1990 to 2015. We used Toda-Yamamoto causality test framework of vector autoregressive (VAR) model to test causal relationship between…

Jeyhun Mikayilov