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Abstract

The diversification of the non-oil sector, including its exports, is at the core of Saudi Vision 2030. This study investigates Saudi non-oil exports in a novel way. Specifically, it differs from previous studies on this topic owing to its modeling framework. This study’s modeling framework first estimates the non-oil export equation, which allows us to examine the historical impacts of theoretically articulated demand- and supply-side determinants on non-oil exports. This is done using Autometrics, a state-of-the-art algorithm for computer-automated model selection in the general-to-specific modeling strategy framework, with super saturation.

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

Fred Joutz

Fred Joutz

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

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