Abstract

“A country’s national income is defined as the total market value of its output. The most used measure for national income is gross domestic product (GDP). One way to estimate GDP for a country is to sum its government consumption, private consumption, investment, and exports minus its imports. The components of GDP are deflated using a base year to control for inflation (or deflation) over time. While this adjustment effectively controls for changing prices, it may not properly reflect the purchasing power availed or taken away by volatile oil prices for oil-dependent economies.”

 

 

Authors

Anwar Gasim

Research Fellow Anwar is a Research Fellow at KAPSARC working on energy demand, carbon dioxide emissions, energy efficiency, and energy price reform.… Anwar is a Research Fellow at KAPSARC working on energy demand, carbon dioxide emissions, energy efficiency, and energy price reform. Anwar leads and manages a cross-functional team on the project “Modeling Final Energy Demand and the Impacts of Energy Price Reform.” This project includes studies on elasticities, emissions forecasting, the economic, fiscal, and environmental impacts of price reform, and the factors that lead to successful reform outcomes. Anwar has published in leading energy and environmental journals and has provided extensive advisory services to the Saudi energy sector. Anwar has also played a key role in several high-level task forces to expand KAPSARC’s research domains, refresh its research strategy, and strengthen its human capital. Anwar holds a B.Eng. in Electronic and Communication Engineering from the University of Liverpool and an M.Sc. in Electrical Engineering from KAUST. He is also completing a non-resident Ph.D. in Sustainable Resources at UCL.

Expertise

  • Energy Demand; Carbon Dioxide (CO2) Emissions; Energy Efficiency; Energy Price Reform; Sustainability; Climate Change

Publications See all Anwar Gasim’s publications

Walid Matar

Research Fellow Walid works on developing energy system models. He developed the following components of the KAPSARC Energy Model (KEM): electric power… Walid works on developing energy system models. He developed the following components of the KAPSARC Energy Model (KEM): electric power generation, electricity transmission, oil refining, petrochemicals and fertilizers, and cement production. He is currently working on a bottom-up residential electricity use framework that merges microeconomics with the physical laws governing electricity use.

Expertise

  • Modeling energy systems
  • Electricity Prices
  • Energy Efficiency and The Interdisciplinary Connection Between Energy Economics and Engineering

Publications See all Walid Matar’s publications

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