• Initiative -
  • Type Book/book chapter
  • Date 21st May 2019
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Abstract

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 construct the associated TFP series, and then assess TFP’s impact on energy consumption. To take into consideration the stochastic properties of the variables, we employ unit root and cointegration methods. We also correct estimations and test results for potential small sample bias. Our main finding is that TFP has a statistically significant impact on energy consumption in the long-run.

https://link.springer.com/chapter/10.1007%2F978-3-030-06001-5_8

 

Authors

Fakhri Hasanov

Research Fellow Fakhri is a research fellow leading the KAPSARC Global Energy Macroeconometric Model (KGEMM) project. Previously, he was an associate professor… Fakhri is a research fellow leading the KAPSARC Global Energy Macroeconometric Model (KGEMM) project. Previously, he was an associate professor and director of the Center for Socio-Economic Research at Qafqaz University, Azerbaijan. He has served as a deputy director of the Research Institute at the Ministry of Economic Development, and a senior economist at the Research Department of the Central Bank of Azerbaijan Republic. He received a Fulbright Post-Doctoral Scholarship and conducted a research on building and applying a macroeconometric model for policy analysis at the George Washington University. Fakhri is a member of the research program on forecasting at the George Washington University and the editorial board of the Asian Journal of Business and Management Sciences. His research interests and experience span econometric modeling and forecasting, building and applying macroeconometric models for policy purposes, energy economics with a particular focus on natural resource-rich countries.

Expertise

  • Applied macroeconometrics
  • Energy economics
  • Time series modeling and forecasting

Publications See all Fakhri Hasanov’s publications

Brantley Liddle

Brantley Liddle

Carlo Andrea Bollino

Visiting Researcher Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics… Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics at the University Luiss, Rome. He has been the president of the Italian Association for Energy Economics since 2014 and was the president of the International Association for Energy Economics in 2008. His other roles have included energy advisor to Italy's minister of industry, president of the Italian Electric Transmission Network, chief economist at Eni, economist at the Bank of Italy, research associate at United Nations' Project LINK, and lecturer and professor of economics at the universities of Pennsylvania (United States), Campobasso, Sassari and Urbino (Italy). Carlo Andrea's research investigates econometric modeling, consumer behavior, energy markets, sustainable and renewable energy, liberalization and regulation policy. He has authored over 200 scientific articles, is the chief editor of the Review of Economics and Institutionsand a member of the editorial board of Energies.

Expertise

  • Econometric modeling
  • Consumer behavior
  • Energy markets
  • Sustainable and renewable energy
  • Liberalization and regulation policy

Publications See all Carlo Andrea Bollino’s publications

Jeyhun Mikayilov

Research Fellow Jeyhun is a research fellow whose primary research interests include but are not limited to applied time series econometrics, the… Jeyhun is a research fellow whose primary research interests include but are not limited to applied time series econometrics, the economics of energy and environment,  and sustainable development. Previously, he was an associate professor at the Department of Statistics and Econometrics of Azerbaijan State University of Economics (UNEC). Also, at Qafqaz University, Azerbaijan, he served as associate professor in the Department of Economics, as the head of the Center for Socio-Economic Research, and as director of the Institute for Social Sciences and Humanities. Jeyhun has carried out a post-doctorate study at Indiana University Bloomington, USA. He has also been a visiting researcher at a number of institutions including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; University of North Texas, USA; and University of South Texas, USA.

Expertise

  • Energy economics
  • Environmental economics
  • Sustainable development

Publications See all Jeyhun Mikayilov’s publications

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