• Initiative -
  • Type Discussion paper
  • Date 13 January 2022
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Abstract

The objective of this study is to investigate Saudi Arabia’s industrial electricity consumption at the regional level. We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and significance of the price and income elasticities for regional industrial electricity demand, this study projects regional industrial electricity demand up to 2030. This is done using estimated equations and assuming different future values for price and income. The results show that the long-run income and price elasticities of industrial electricity demand vary across regions. The underlying energy demand trend analysis indicates some efficiency improvements in industrial electricity consumption patterns in all regions.

Authors

Jeyhun Mikayilov

Research Fellow Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State… Jeyhun is a research 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

Publications See all Jeyhun Mikayilov’s publications

Ryan Alyamani

Senior Research Analyst Ryan is a senior research analyst in the Energy and Macroeconomics program with a particular interest in natural resource economics… Ryan is a senior research analyst in the Energy and Macroeconomics program with a particular interest in natural resource economics and developing energy and economic models. Ryan holds a B.S. degree in Mechanical Engineering from Mercer University.

Expertise

  • Energy Economics
  • Natural resource economics
  • Energy and Economic Modeling

Publications See all Ryan Alyamani’s publications

Abdulelah Darandary

Research Associate Abdulelah is an economist and Research Associate at the King Abdullah Petroleum Studies and Research Center (KAPSARC). He primarily works… Abdulelah is an economist and Research Associate at the King Abdullah Petroleum Studies and Research Center (KAPSARC). He primarily works with econometric modeling, with a research focus on macroeconomics and energy, international trade and investment flows, financial development, and public policy. His work has been published in several peer-reviewed journals. During the Saudi G20 presidency, he was the Task Force coordinator, member, and co-author for the Trade, Investment, and Growth Taskforce for Think20 (T20). Before joining KAPSARC, Abdulelah was an economic consultant for a major consultancy firm, where he provided policy analyses, modeling, and forecasting for the impacts of public spending on social and economic indicators. Abdulelah holds a master’s degree in Applied Economics and a Bachelor of Banking and Financial Economics from the University of North Dakota.

Expertise

  • Macroeconomics
  • Economic Growth
  • International Trade and Investment
  • Financial Development
  • Energy Demand
  • Public Policy

Publications See all Abdulelah Darandary’s publications

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

  • Econometric Modeling; Applied Time Series Econometrics; The Economics of Energy and the Environment

Publications See all Muhammad Javid’s publications

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

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