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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
      Sector Coupling, Regulatory Convergence and Climate Change

      Sector Coupling, Regulatory Convergence and Climate Change

      T20

      Climate change goals can be met through both the decarbonization of the electricity sector and the electrification of sectors that now use other fuels. However, the electricity sector is navigating major technological disruptions that are changing the essence of its…

      Rolando Fuentes, Lester C. Hunt, Baltasar Manzano, Nora Nezamuddin, Juan Jose Montero, Mathias Finger

      2020
      Modelling industrial energy demand in Saudi Arabia

      Modelling industrial energy demand in Saudi Arabia

      Portsmouth

      Between 1986 and 2016, industrial energy consumption in Saudi Arabia increased by tenfold, making it one of the largest end-use sectors in the Kingdom. Despite its importance, there appear to be no published econometric studies on aggregate industrial energy demand…

      Anwar Gasim, Shahad Alarenan, Lester C. Hunt

      2020
      Modeling Industrial Energy Demand in Saudi Arabia and Understanding Its Drivers
      Productivity and Economic Diversification

      Modeling Industrial Energy Demand in Saudi Arabia and Understanding Its Drivers

      Shahad Alarenan, Anwar Gasim, Lester C. Hunt

      In 2016 Saudi Arabia’s industrial (or manufacturing) sector accounted for 30.3% of total final energy consumption (IEA 2018a). When non-energy use (mainly feedstock for the petrochemical subsector) is included, the industrial sector᾽s share of total final energy consumption rises to…

      Shahad Alarenan Alarenan, Shahad
      Anwar Gasim Gasim, Anwar
      Lester C. Hunt Hunt, Lester C.
      3rd December 2019
      The ‘IPhone Effect’: The Impact of Dual Technological Disruptions on Electrification

      The ‘IPhone Effect’: The Impact of Dual Technological Disruptions on Electrification

      SAGE Journals

      Meeting climate change goals requires both the decarbonization of the electricity sector and the electrification of much of the rest of the economy. However, the electricity sector is navigating major disruptions that are changing the regulatory and business landscape. This…

      Rolando Fuentes, Lester C. Hunt, Hector G. Lopez-Ruiz, Baltasar Manzano

      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
      Prices versus policy: An analysis of the drivers of the primary fossil fuel mix
      Future of Global Oil Markets

      Prices versus policy: An analysis of the drivers of the primary fossil fuel mix

      Energy Policy

      Energy policymakers often attempt to shape their countries’ energy mix, rather than leave it purely to market forces. By calibrating and simulating a Dynamic Stochastic General Equilibrium (DSGE) model, this paper analyzes the primary fossil fuel mix in the USA…

      Tarek Atalla, Lester C. Hunt, Baltasar Manzano

      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
      Modelling residential electricity demand in the GCC countries

      Modelling residential electricity demand in the GCC countries

      Energy Economics

      This paper aims at understanding the drivers of residential electricity demand in the Gulf Cooperation Council countries by applying the structural time series model. In addition to the economic variables of GDP and real electricity prices, the model accounts for…

      Tarek Atalla, Lester C. Hunt

      2016
      Measuring persistent and transient energy efficiency in the US

      Measuring persistent and transient energy efficiency in the US

      Energy Efficiency

      The promotion of US energy efficiency policy is seen as a very important activity. Generally, the level of energy efficiency of a country or state is approximated by energy intensity, commonly calculated as the ratio of energy use to GDP.…

      Lester C. Hunt

      2016
      Measurement of energy efficiency based on economic foundations

      Measurement of energy efficiency based on economic foundations

      Energy Economics

      Energy efficiency policy is seen as a very important activity by almost all policy makers. In practical energy policy analysis, the typical indicator used as a proxy for energy efficiency is energy intensity. However, this simple indicator is not necessarily…

      Lester C. Hunt

      2015