A Macroeconometric Model for Saudi Arabia: A Case Study on the World’s Largest Oil Exporter

Senior Fellow- Energy Macro & Microeconomics Muhammad Javid is a Senior Fellow in Energy Macro & Microeconomics at KAPSARC, currently working on the KAPSARC Global Energy…

Muhammad Javid is a Senior Fellow in Energy Macro & Microeconomics at KAPSARC, currently working on the KAPSARC Global Energy Macroeconometric Model (KGEMM) project. Before joining KAPSARC, Muhammad worked as a Senior Research Economist at the Pakistan Institute of Development Economics (PIDE) in Islamabad. During his 20+ years in research, Muhammad has worked extensively in the areas of energy, environment, econometric modeling, forecasting, and macroeconomics. He also has experience working for various research, academic, and governmental organizations, such as King Saud University in Riyadh, Saudi Arabia, and the Benazir Income Support Program in Pakistan. Muhammad has published several peer-reviewed articles on electricity demand, energy, inflation, and environmental issues. He received Pakistan’s Higher Education Commission’s Outstanding Research Award 2015/2016 for his research paper, “Environmental Kuznets curve and financial development in Pakistan,” published in Renewable and Sustainable Energy Reviews.

Expertise

• Econometric Modeling and Forecasting
• Energy and Environment
• Water Demand

Principal Fellow- Energy Macro & Microeconomics Jeyhun is a principal  fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State…

Jeyhun is a principal  fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State University) in mathematics. Jeyhun holds a Ph.D. in applied mathematics and a D.S. in econometrics. Before joining KAPSARC in September 2017, Jeyhun was an associate professor at the Department of Statistics and Econometrics at Azerbaijan State University, and the Department of Economics at Qafqaz University, where he taught econometrics, statistics, and mathematical economics. His other roles have included director of the Research Institute for Social Sciences and Humanities, and head of the Center for Socio-Economic Research. Jeyhun was a postdoctoral researcher at Indiana University Bloomington, United States (U.S.). He has also been a visiting researcher at several institutions, including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; the University of North Texas, and the University of South Texas, both in the U.S.

Jeyhun’s research is focused on applied time series econometrics, the economics of energy, the environment and sustainable development. He has authored over 40 scientific articles published in peer-reviewed journals and is an editorial board member of the International Journal of Advanced Multidisciplinary Research and Review, the Journal of Management, Economics and Industrial Organization, and the Journal of Socio-Economic Studies, and a member of the International Association for Energy Economics.

Expertise

• Applied Time Series Econometrics
• The Economics of Energy and Environment
• Sustainable Development

Senior Principal- Energy Macro & Microeconomics Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience…

Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University.

His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

• Econometric modeling and forecasting
• Time series and panel data econometrics
• Macroeconometric models for policy analyses
• Energy economics
• Environmental economics.