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      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
      30th May 2022
      How to Mitigate Transportation Emissions in Saudi Arabia? The Role of Energy Price Governance
      Models, Data and Tools

      How to Mitigate Transportation Emissions in Saudi Arabia? The Role of Energy Price Governance

      Sa’d Shannak, Jeyhun Mikayilov, Rubal Dua

      In light of Saudi Arabia’s recent energy-pricing reform strategy, this paper investigates the main drivers of fuel carbon dioxide (CO2) emissions in the transport sector. We employed a battery of econometric techniques to analyze the long-run relationships between income, fuel…

      Sa’d Shannak Sa’d Shannak
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Rubal Dua Dua, Rubal
      29th May 2022
      Determinants of Remittance Outflows: The Case of Saudi Arabia
      Models, Data and Tools

      Determinants of Remittance Outflows: The Case of Saudi Arabia

      Muhammad Javid, Fakhri Hasanov

      International labor migration has played a key role in the development of both advanced and developing countries. Many developing countries in Asia have relied on labor migration, mainly to the oil-rich Gulf region, to reduce both unemployment and poverty (Naseem…

      Muhammad Javid Javid, Muhammad
      Fakhri Hasanov Hasanov, Fakhri
      22nd May 2022
      Energy Open Data, Energy Policy Scenario Models and Tools
      Models, Data and Tools

      Energy Open Data, Energy Policy Scenario Models and Tools

      The workshop brought together over 40 experts from research, academia, government and industry to exchange ideas and experiences around the theme of open data for the energy sector. Participants discussed obstacles for Saudi Arabia, including the limited availability of open…

      6th 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
      23rd December 2021
      Oil Market Shocks and Financial Instability in Asian Countries
      Models, Data and Tools

      Oil Market Shocks and Financial Instability in Asian Countries

      Fakhri Hasanov, Leila Dagher

      There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock…

      Fakhri Hasanov Hasanov, Fakhri
      Leila Dagher Dagher, Leila
      23rd November 2021
      Sectoral Investment Analysis for Saudi Arabia
      Models, Data and Tools

      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…

      Muhammad Javid Javid, Muhammad
      Fakhri Hasanov Hasanov, Fakhri
      Carlo Andrea Bollino Bollino, Carlo Andrea
      Marzio Galeotti Galeotti, Marzio
      24th August 2021
      Long-run Effects of Real-time Electricity Pricing in the Saudi Power Sector
      Models, Data and Tools

      Long-run Effects of Real-time Electricity Pricing in the Saudi Power Sector

      Walid Matar

      This study explores the potential effects of real-time electricity pricing on the operations of Saudi Arabia’s power generation sector. The Kingdom currently sets fuel prices for power utilities at levels that suppress the costs of power generation. However, this analysis…

      Walid Matar Matar, Walid
      22nd March 2021
      Residential Energy Model for Evaluating Energy Demand and Energy Efficiency Programs in Saudi Residential Buildings
      Models, Data and Tools

      Residential Energy Model for Evaluating Energy Demand and Energy Efficiency Programs in Saudi Residential Buildings

      Mohammad Aldubyan, Moncef Krarti, Eric Williams

      This paper describes the development of the Residential Energy Model (REEM) for Saudi Arabia using an engineering bottom-up approach. The model can assess energy demand for the current residential building stock and the impact of energy efficiency and demand-side management…

      Mohammad Aldubyan Aldubyan, Mohammad
      Moncef Krarti Krarti, Moncef
      Eric Williams Williams, Eric
      21st February 2021
      Saudi Arabia Energy Report
      Regional Energy Markets Models, Data and Tools Electricity Sector Transitions

      Saudi Arabia Energy Report

      Abeer AlGhamdi

      Saudi Arabia is one of the world’s leading oil producers and exporters. It has the second-largest proven crude oil reserves after Venezuela. Saudi Arabia’s oil reserves have made it one of the most significant players in the global oil market.…

      Abeer AlGhamdi AlGhamdi, Abeer
      15th December 2020
      Fiscal Multipliers for Saudi Arabia Revisited
      Models, Data and Tools

      Fiscal Multipliers for Saudi Arabia Revisited

      H.E. Dr. Majid Al Moneef, Fakhri Hasanov

      Fiscal policy lies at the heart of key macroeconomic and budgetary decisions and is central to understanding the dynamics of oil rich economies. Fiscal multipliers, including spending multipliers, indicate how changes to fiscal policy can stimulate economic growth, to what…

      H.E. Dr. Majid Al Moneef H.E. Dr. Majid Al Moneef
      Fakhri Hasanov Hasanov, Fakhri
      5th October 2020
      Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia
      Models, Data and Tools

      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…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Abdulelah Darandary Darandary, Abdulelah
      Ryan Alyamani Alyamani, Ryan
      Fakhri Hasanov Hasanov, Fakhri
      Hatem Al Atawi Al Atawi, Hatem
      13th September 2020
      Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia
      Models, Data and Tools

      Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

      Olivier Durand-Lasserve, Hossa Almutairi, Abdullah AlJarboua, Frederic Murphy, Shreekar Pradhan, Axel Pierru

      This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of…

      Olivier Durand-Lasserve Durand-Lasserve, Olivier
      Hossa Almutairi Almutairi, Hossa
      Abdullah AlJarboua AlJarboua, Abdullah
      Frederic Murphy Murphy, Frederic
      Shreekar Pradhan Pradhan, Shreekar
      Axel Pierru Pierru, Axel
      19th August 2020
      Analyzing the Effects of Saudi Arabia’s Economic Reforms Using a Dynamic Stochastic General Equilibrium Model
      Models, Data and Tools

      Analyzing the Effects of Saudi Arabia’s Economic Reforms Using a Dynamic Stochastic General Equilibrium Model

      Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan

      Saudi Arabia is the world’s second-largest holder of proved oil reserves and the second-largest producer of petroleum liquids. The country is the largest exporter of crude oil, with a share of 16% of total crude oil exports in 2017. Saudi Arabia’s…

      Jorge Blazquez Blazquez, Jorge
      Marzio Galeotti Galeotti, Marzio
      Baltasar Manzano Manzano, Baltasar
      Axel Pierru Pierru, Axel
      Shreekar Pradhan Pradhan, Shreekar
      21st May 2020
      Electricity Demand Modeling in Saudi Arabia: Do Regional Differences Matter
      Models, Data and Tools

      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…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Fakhri Hasanov Hasanov, Fakhri
      Waheed Olagunju Waheed Olagunju
      Mohammad H. Al-Shehri Mohammad H. Al-Shehri
      30th April 2020
      Is Saudi Arabia Getting Warmer?
      Electricity Sector Transitions Climate Change Policies and Governance Models, Data and Tools

      Is Saudi Arabia Getting Warmer?

      Nawaz Peerbocus, Hatem Al Atawi, Turki Alaqeel, Abdulrahman AlJulaifi

      According to NASA, the world is getting warmer. Warmer weather increases the demand for cooling, which subsequently increases the demand for electricity. Is Saudi Arabia getting warmer? And how might this impact the demand for electricity in the Kingdom? To…

      Nawaz Peerbocus Peerbocus, Nawaz
      Hatem Al Atawi Al Atawi, Hatem
      Turki Alaqeel Alaqeel, Turki
      Abdulrahman AlJulaifi AlJulaifi, Abdulrahman
      6th April 2020
      KGEMM:  A Macroeconometric Model for Saudi Arabia
      Models, Data and Tools

      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.

      Fakhri Hasanov Hasanov, Fakhri
      Fred Joutz Joutz, Fred
      Jeyhun Mikayilov Mikayilov, Jeyhun
      13th February 2020
      Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?
      Models, Data and Tools

      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…

      Jeyhun Mikayilov Mikayilov, Jeyhun
      Fred Joutz Joutz, Fred
      Fakhri Hasanov Hasanov, Fakhri
      26th December 2019