• Focus Area Models, Data and Tools Models, Data and Tools
  • Type Methodology paper
  • Date 05 June 2023
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Abstract

This paper utilizes a structural time series approach to model Saudi Arabia’s regional electricity demand, capturing undetected forces of variability in the data-generating process that include improvements in technology, energy-saving behavior, and other underlying trends that are excluded under conventional estimation methods. National models of aggregate electricity consumption might not be representative, as electricity prices are administered regionally and Saudi Arabia’s regions have unique social and economic characteristics. We find evidence that the regions have unique responses to prices and income levels with regard to electricity demand.

 

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

Abdulelah Darandary

Research Fellow Abdulelah is an Economist and Research Fellow at KAPSARC with expertise in various fields, including macroeconomics, energy, international trade and…

Abdulelah is an Economist and Research Fellow at KAPSARC with expertise in various fields, including macroeconomics, energy, international trade and investment flows, financial development, and public policy. He currently leads the project, “Applying Behavioral Economics Methods to Energy Policymaking in Saudi Arabia," which led to the first randomized controlled trial for electricity consumption. Additionally, he is a contributor on other projects, such as the “KAPSARC Vision 2030 Input-Output Tables”, “Economic Growth and Energy Transition Pathways”, “CGE Model for Economic Policy Analysis in Saudi Arabia”, and “Modeling Energy Consumption and its Impact in Saudi Arabia.” His work has been published in top-tier peer-reviewed journals in the field of energy economics.

As a passionate advocate for evidence-based policymaking, Abdulelah is committed to using his expertise to help shape the future of energy and economic policy in Saudi Arabia and beyond, having worked on many projects for the energy ecosystem. He is also a sought-after speaker and panelist on economic and energy policy, having participated in several high-profile events and discussions. 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), the 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. He 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. He has also been inducted into the ISPI’s Next Forum of Future Leaders.

Expertise

  • Macroeconomics
  • Energy Economics
  • 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

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