39 results

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
April 30, 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
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
April 7, 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, Muhammad Javid

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
Muhammad Javid Muhammad Javid
February 13, 2020
The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia
Energy and Economic Vulnerability Productivity and Economic Diversification

The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

Fakhri Hasanov, Nader AlKathiri, Saad Alshahrani, Ryan Alyamani

Saudi Vision 2030 (SV2030), the strategic roadmap for the future of the Kingdom of Saudi Arabia, aims to decouple the country’s economy from its reliance on oil revenues through implementing several economic and social initiatives. The key economic goals of…

Fakhri Hasanov Hasanov, Fakhri
Nader AlKathiri AlKathiri, Nader
Saad Alshahrani Alshahrani, Saad
Ryan Alyamani Alyamani, Ryan
January 16, 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
December 26, 2019
Estimating Saudi Arabia’s Regional GDP Using Satellite Nighttime Light Images
Future of Transport and Fuel Demand

Estimating Saudi Arabia’s Regional GDP Using Satellite Nighttime Light Images

Hector G. Lopez-Ruiz, Jorge Blazquez, Fakhri Hasanov

The increasing availability of data from technologies such as mobile phones, satellites and connected devices means that there are many new possible sources of economic data. This study analyzes the potential use of nighttime light images from satellites to provide…

Hector G. Lopez-Ruiz Lopez-Ruiz, Hector G.
Jorge Blazquez Blazquez, Jorge
Fakhri Hasanov Hasanov, Fakhri
December 23, 2019
Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?
Models, Data and Tools

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…

Ryan Alyamani Alyamani, Ryan
Abdulelah Darandary Darandary, Abdulelah
Jeyhun Mikayilov Mikayilov, Jeyhun
Fakhri Hasanov Hasanov, Fakhri
December 15, 2019
The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia
Models, Data and Tools

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…

Jeyhun Mikayilov Mikayilov, Jeyhun
Fred Joutz Joutz, Fred
Fakhri Hasanov Hasanov, Fakhri
December 11, 2019
Theoretical Framework for Industrial Electricity Consumption Revisited
Models, Data and Tools

Theoretical Framework for Industrial Electricity Consumption Revisited

Fakhri Hasanov

Policymakers should expect that the energy price reform in Saudi Arabia will reduce industrial electricity consumption. However, this reduction will be slight as the price effect is found to be very small. At the same time, policymakers should be aware…

Fakhri Hasanov Hasanov, Fakhri
November 24, 2019
How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi Arabia

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…

Fakhri Hasanov Hasanov, Fakhri
Brantley Liddle Brantley Liddle
Carlo Andrea Bollino Bollino, Carlo Andrea
Jeyhun Mikayilov Mikayilov, Jeyhun
May 21, 2019
Iran Sanctions: Implications for the Oil Market
Models, Data and Tools

Iran Sanctions: Implications for the Oil Market

Carlo Andrea Bollino, Brian Efird, Fakhri Hasanov, Emre Hatipoglu

United States (U.S.) Iran energy sanction waivers expired May 2, 2019. The waivers permitted eight economies (China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey) to temporarily continue buying oil from Iran. Based on KAPSARC modeling of the political…

Carlo Andrea Bollino Bollino, Carlo Andrea
Brian Efird Efird, Brian
Fakhri Hasanov Hasanov, Fakhri
Emre Hatipoglu Hatipoglu, Emre
May 9, 2019
Estimating the Impact of Energy Price Reform on Saudi Arabian Intergenerational Welfare using the MEGIR-SA Model
Models, Data and Tools Energy and Economic Vulnerability

Estimating the Impact of Energy Price Reform on Saudi Arabian Intergenerational Welfare using the MEGIR-SA Model

Energy Journal

This paper investigates the intergenerational welfare impact of raising state administered retail energy prices in Saudi Arabia, an example of an oil exporting country with a fast growing population. To achieve this, we develop a dynamic model with overlapping generations (called MEGIR-SA), which…

Frederic Gonand, Fakhri Hasanov, Lester C. Hunt

2019
The impact of economic growth on CO2 emissions in Azerbaijan

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

2018
Decoupling of CO2 emissions and GDP: A time-varying cointegration approach

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

2018
Residential electricity use effects of population in Kazakhstan

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

2018
The impact of age groups on consumption of residential electricity in Azerbaijan

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

2017