A Remaining Piece of the COVID-19 Puzzle: Saudi Arabia’s Remittances Account

Initiative Models, Data and Tools
Type Instant Insight
Date 30 May 2022

Agent Based modeling
Analytics
Applied Research
Autometrics
barganing modeling
behavior analysis
Bottom up model
Calibration
CDMP
CO2 emissions
Data Management
Decision Making
Decision Science
Demand forecasts
Demand modeling
Double Dividend
Econometric modeling and forecasting
Economic Policy Analysis
Efficiency potentials
Endogenous Policy
Energy consumption
Energy demand
Energy demand models
Energy econometrics
Energy efficiency
Energy policy
Energy Price Reforms
Energy-Macroeconomic nexus
Enumerative model politics
Extended Mathematical Programming (EMP)
feesability analysis
Fiscal Reforms
game theory
GAMS
General Equilibrium models
General-to-specific modeling strategy
GeoAI
Geoinformation
geopolitics
GIS
Global Effects
Global Gas
Households Consumption
Hybrid model
Integrated Energy Model
Integrated Modeling
KTAB
Location Intelligence
Macroeconometric
Market Regulation
Mixed Complementarity Problem (MCP)
Model Integration
Modeling environmental impacts
Negotiations
Non-Oil GDP
Optimization
policy making models
policy simulation
Policy Studies
predictive analytics
Regional demand
Remote Sensing
Renewable energy
Satellite
Scenario Development
Sectoral Analyses of Energy
Spatial
Spatial model politics
Urban Analytics
Version Control
Vision 2030
WebGIS

Abstract

It has been two years since the beginning of COVID-19, a one-of-a-kind crisis in recent history. The global economy was disrupted entirely in a few months and most economies faced shutdowns. While many disruptions can be explained, especially the economic disruptions, parts of the puzzle remain unanswered. In this instant insight, we examine the exceptional behavioral shift and trend break in remittance outflows from Saudi Arabia, which ranks in the top-five countries for remittance outflows globally.

Authors

Abdulelah Darandary

Research Lead Abdulelah is a research lead at KAPSARC and an economist with expertise in various fields, including macroeconomics, energy, international trade… Abdulelah is a research lead at KAPSARC and an economist with expertise in various fields, including macroeconomics, energy, international trade and investment flows, financial development and public policy. He is currently leading the application of a behavioral economics project for energy policymaking in Saudi Arabia, utilizing econometric modeling and counterfactual analysis. Abdulelah's publications have been featured in several peer-reviewed journals. In 2020, during the Saudi G20 presidency, he was a member, co-author, and task force coordinator for the Trade, Investment, and Growth Taskforce for Think20 (T20), an official Engagement Group of the G20. Before joining KAPSARC, Abdulelah worked as an economic consultant, providing policy analyses, modeling, and forecasting the impacts of public spending on social and economic indicators. Abdulelah obtained a master's degree in applied economics and a bachelor's degree with honors in banking and financial economics. He received the King Abdullah scholarship and is a member of the Saudi Economic Association and the Saudi Association for Energy Economics.

Expertise

Macroeconomics
Economic Growth
International Trade and Investment
Financial Development
Energy Demand and Public Policy
Econometrics
Energy Transition and its impact on the global economy

Publications See all Abdulelah Darandary’s publications

Commercial Electricity Demand Modeling: Do Regional Differences Matter for Saudi Arabia?

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26th September 2023

Saudi Arabia’s Input-Output Table: Computing Type I Multiplier

It has been two years since the beginning of COVID-19, a one-of-a-kind crisis in recent…

5th September 2023

Muhammad Javid

Senior Research Associate Muhammad is a senior research associate in Energy and Macroeconomics, currently working on the KAPSARC Global Energy Macroeconometric Model (KGEMM)… Muhammad is a senior research associate in Energy and Macroeconomics, 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 18 years in research, Muhammad has worked extensively in the areas of energy, environment, trade 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, 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 titled “Environmental Kuznets curve and financial development in Pakistan,” published in Renewable and Sustainable Energy Reviews.

Expertise