Publications

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…

Havrlant, David

Darandary, Abdulelah

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…

Al Atawi, Hatem

Darandary, Abdulelah

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

Mohammed Al Doghan

Muhammad Bhatti

Carlos Braga

Darandary, Abdulelah

Uri Dadush

Anabel González

Niclas Poitiers

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

Early Estimates of the Impact of the COVID-19 Pandemic on GDP: A Case Study of Saudi Arabia

Taylor & Francis Online

The COVID-19 pandemic has affected economic sectors in a very heterogeneous way. In the early stages of the economic lockdown, only limited economic data, if any, related to the event were available. With the government’s discretionary measures to contain the…

David Havrlant, Abdulelah Darandary, Abdelrahman Muhsen

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

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

Economic Diversification in the MENA Region

T20

The Middle East and North Africa (MENA) region consists of a heterogeneous group of countries ranging from high-income countries in the Arabian Gulf to middle-income and least developed countries. A dominant concern in the MENA region is the high dependence…

Said A. Alshaikh, Jamal Alzayer, Imed Drine, David Havrlant, Abdulelah Darandary, Farah Durani, Salah Abu Nar, Hatem Akeel

The Fiscal Response to COVID-19 in Saudi Arabia

Nader AlKathiri, Abdulelah Darandary, Ryan Alyamani

The COVID-19 pandemic and the efforts to combat it have led to major global disruptions. Policymakers are faced with a dilemma that is not easily resolved. On the one hand, they are striving to protect public health by containing the…

AlKathiri, Nader

Darandary, Abdulelah

Alyamani, Ryan

Diversification and the World Trading System

T20

Diversification is important because it is associated with economic growth and reduced volatility. Diversification of exports, which provide foreign exchange and enable imports of critical goods, services, and know-how, is crucial for developing countries. The question we address in this…

Abdulelah Darandary, Uri Dadush, Mohammed Al Doghan, Carlos Braga, Anabel González, Abdelaaziz Aït Ali

Estimating the Impact of the COVID-19 Pandemic on Saudi GDP

David Havrlant, Abdulelah Darandary, Abdelrahman Muhsen

The COVID-19 pandemic has interrupted economic and social activity globally at an unprecedented pace. The international movement of goods has been limited to the necessary minimum, often solely for deliveries of protective and healthcare equipment. Many governments have imposed strict…

Havrlant, David

Darandary, Abdulelah

Muhsen, Abdelrahman

The Impact of COVID-19 on Transport and Gasoline Demand

Hatem Al Atawi, Nora Nezamuddin, Abdulelah Darandary

In the last few months, the world has experienced the negative effects of COVID-19. The outbreak, which started as an epidemic concentrated in China, quickly spread to become a global pandemic. As of May 12, 2020, there have been over…

Al Atawi, Hatem

Nezamuddin, Nora

Darandary, Abdulelah

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

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