Between 1986 and 2016, industrial energy consumption in Saudi Arabia increased by tenfold, making it one of the largest end-use sectors in the Kingdom. Despite its importance, there appear to be no published econometric studies on aggregate industrial energy demand in Saudi Arabia. We model aggregate industrial energy demand in Saudi Arabia using Harvey’s (1989) Structural Time Series Model, showing that it is both price and income inelastic, with estimated long-run elasticities of -0.34 and 0.60, respectively. The estimated underlying energy demand trend suggests improvements in energy efficiency starting from 2010.
Research Fellow Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project… Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project titled “Modeling Energy Demand, Emissions, and the Impacts of Energy Price Reform.” This project includes studies on elasticities, emissions forecasting, the economic and environmental impacts of reforms, and understanding what leads to successful energy policy outcomes. He is also involved in multiple studies on carbon markets. Anwar’s research has been published in leading journals and has been picked up by numerous media publications, such as the Saudi Gazette and Arab News. His work has supported key advisory engagements with the Saudi energy sector. Anwar is currently wrapping up a Ph.D. from UCL in Sustainable Resources (with a sub-specialization in Economics). He holds an M.Sc. in Electrical Engineering from KAUST and a B.Eng. in the same field from the University of Liverpool.
- Energy Demand
- GHG Emissions
- Energy Pricing
- Energy Subsidies
- Energy Efficiency
- Carbon Pricing and Carbon Markets
Publications See all Anwar Gasim’s publications
Between 1986 and 2016, industrial energy consumption in Saudi Arabia increased by tenfold, making it…7th April 2022
Between 1986 and 2016, industrial energy consumption in Saudi Arabia increased by tenfold, making it…29th December 2021