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      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
      13th 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
      Sectoral Employment Analysis for Saudi Arabia

      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

      2021
      Estimating Different Order Polynomial Logarithmic Environmental Kuznets Curves

      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

      2021
      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
      The FDI-CO2 Nexus From The Sustainable Development Perspective: The Case of Azerbaijan

      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

      2020
      Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

      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

      2020
      Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?

      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

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

      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

      2020
      Environmental consequences of tourism: do oil-exporting countries import more CO2 emissions?

      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

      2020
      Modeling Sectoral Employment in Saudi Arabia

      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…

      Fakhri Hasanov Hasanov, Fakhri
      Jeyhun Mikayilov Mikayilov, Jeyhun
      Moayad H. Al-Rassasi Moayad H. Al-Rassasi
      Mohammed Al-Abdullah Mohammed Al-Abdullah
      Fred Joutz Joutz, Fred
      Muhammad Javid Javid, Muhammad
      7th April 2020
      Revisiting Energy Demand Relationship: Theory and Empirical Application

      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

      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
      Carbon Price Policies and International Competitiveness in G20 Countries

      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

      2020