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      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
      Iran Sanctions: Implications for the Oil Market

      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
      9th May 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
      The Role of Oil Price in Exchange Rate Movements: the CIS Oil-Exporters

      The Role of Oil Price in Exchange Rate Movements: the CIS Oil-Exporters

      Economies

      Fakhri Hasanov

      2017
      Modeling and forecasting electricity demand in Azerbaijan using cointegration techniques

      Modeling and forecasting electricity demand in Azerbaijan using cointegration techniques

      Energies

      Policymakers in developing and transitional economies require sound models to: (i) understand the drivers of rapidly growing energy consumption and (ii) produce forecasts of future energy demand. This paper attempts to model electricity demand in Azerbaijan and provide future forecast…

      Fakhri Hasanov, Lester C. Hunt, Jeyhun Mikayilov

      2016