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      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
      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
      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
      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

      A clear objective of Saudi Vision 2030, the strategic roadmap for the future of the Kingdom of Saudi Arabia, is to put the non-oil sector at the heart of the country’s economic development. The vision realization programs (VRPs), such as…

      Fakhri Hasanov Hasanov, Fakhri
      Nader AlKathiri AlKathiri, Nader
      Saad Alshahrani Alshahrani, Saad
      Ryan Alyamani Alyamani, Ryan
      19th July 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
      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, 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
      13th February 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
      16th January 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
      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
      23rd December 2019
      Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?

      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
      15th December 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
      11th December 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
      24th November 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
      21st May 2019