• Focus Area Models, Data and Tools Models, Data and Tools
  • Type Discussion paper
  • Date 19 August 2020
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Abstract

This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of full price deregulation, starting in 2019, on economic activity and revenue in the year 2030.

Authors

Olivier Durand-Lasserve

Fellow Olivier is a research fellow in the Energy Systems and Macroeconomics program. Previously, he was an economist at the Organisation… Olivier is a research fellow in the Energy Systems and Macroeconomics program. Previously, he was an economist at the Organisation for Economic Co-operation and Development (OECD) and at the International Energy Agency (IEA) in Paris where his activities covered macroeconomic policy analysis and applied general equilibrium modeling. He contributed to various modeling studies on the assessment of the macroeconomic, environmental and distributional consequences of energy and environmental policies. He also worked on the land-water-energy nexus and on the economic consequences of air pollution. Before he joined the OECD, Olivier worked at ENGIE, in Paris, where he developed an in-house modeling framework for quantifying global long-term energy-economy scenarios. While completing his Ph.D., he was a research assistant at the Center for Operations Research and Econometrics (CORE) in Louvain-la-Neuve, Belgium.

Expertise

  • Macroeconomic consquences of energy policies

Publications See all Olivier Durand-Lasserve’s publications

Hossa Almutairi

Research Fellow Hossa is a research fellow at KAPSARC. She is also currently the Think20’s (T20’s) Sherpa and is leading T20 Saudi… Hossa is a research fellow at KAPSARC. She is also currently the Think20's (T20's) Sherpa and is leading T20 Saudi Arabia's secretariat. She is also the lead co-chair of T20 Saudi Arabia's task force "sustainable energy, water and food systems." Before joining KAPSARC, Hossa was a faculty member at the University of Wilfrid Laurier, Canada. Her research interests include developing energy and economic models to study the impact of energy and environmental policies on economies, sustainable development and wealth accounting. Her work aims to provide policymakers and practitioners with decision support tools that can help identify the challenges, opportunities, and solutions associated with moving toward sustainable energy and sustainable business practices. Her work has been published in many peer-reviewed journals. She has a Ph.D. and a master's degree in applied operations research from the University of Waterloo, Canada, and a bachelor's degree in business administration from King Abdulaziz University, Saudi Arabia.

Expertise

  • Developing energy and economic models
  • Analyzing the effects of various policies on an economy
  • Applications of OR to climate change control policies
  • Green supply chain management
  • Large-scale optimization
  • Convex relaxation and decomposition techniques and big data analytics in supply chains.

Publications See all Hossa Almutairi’s publications

Abdullah AlJarboua

Research Lead Abdullah is a research lead in the Energy Macro & Microeconomics program with an interest in developing energy systems and…

Abdullah is a research lead in the Energy Macro & Microeconomics program with an interest in developing energy systems and energy-economic models. Before rejoining KAPSARC, he worked as an economic modeling expert in the telecommunications sector.

Abdullah holds a master’s degree in computer science from King Abdullah University of Science and Technology (KAUST) and a B.S. in Computer Engineering from Tennessee Technological University.

Expertise

  • Energy Systems Modeling
  • Energy-Economic Modeling
  • Economic Modeling
  • Large-scale Optimization
  • Relaxation and Decomposition Methods
  • Macroeconomics

Publications See all Abdullah AlJarboua’s publications

Frederic Murphy

Frederic Murphy

Visiting Researcher Frederic is professor emeritus, Fox School of Business, Temple University, where he taught for 30 years. He was a visiting… Frederic is professor emeritus, Fox School of Business, Temple University, where he taught for 30 years. He was a visiting researcher fellow at KAPSARC where he is participating in the development of energy models and writing policy analyses in a range of areas, including domestic energy use in Saudi Arabia, market power in world oil markets, designing and managing income stabilization funds, and China's and India's energy economies. He works mainly in the area of energy-market forecasting and energy policy analysis. Prior to joining Temple, he was at the Energy Information Administration (EIA) of the U.S. Department of Energy and its predecessor, the Federal Energy Administration, where he headed the group that did the economic impact analyses of the bills and laws passed during the Carter administration and developed and ran the forecasting models then used for policy analyses and the forecasts in the EIA Annual Report. He has authored over 100 refereed articles. In one study he was ranked in the 20 most published researchers in his field over a fifty-year span. He was the editor in chief of the journal Interfaces, an area editor for Operations Research, and the Informs Journal on computing, and the Vice President of Publications for INFORMS and its predecessor society, Operations Research Society of America. He has been involved in studying local economic policy issues, including advising the Tax Reform Commission of the City of Philadelphia, estimating the impact on jobs of building casinos in Philadelphia, and political redistricting. He also did a queueing study oil tank vessels on the Delaware River.

Shreekar Pradhan

Shreekar Pradhan

Shreekar was a senior research associate with an interest in evaluating energy policies in an integrated energy-economic model with a focus… Shreekar was a senior research associate with an interest in evaluating energy policies in an integrated energy-economic model with a focus on international trade and environment. He was involved in developing integrated energy-economic models, and his research works employed economic modeling that encompassed general equilibrium and partial equilibrium models.

Axel Pierru

Acting Vice President/ Program Director In February 2023, Axel Pierru was assigned as Acting Vice President of Knowledge and Analysis for the Center. He received…

In February 2023, Axel Pierru was assigned as Acting Vice President of Knowledge and Analysis for the Center. He received his Ph.D. in economics from University Paris 1 Pantheon-Sorbonne (France). He also holds an HDR degree, which is a French accreditation to supervise research. In 2007, Dr. Pierru was appointed Chevalier dans l’Ordre des Palmes Académiques (knighthood award in the academic field) by the French Ministry for National Education. He is the recipient of the 2023 OPEC Award for the Best Energy Research Paper (issued by OPEC for the first time).

In 2011 Dr. Pierru joined KAPSARC in Saudi Arabia, after spending 15 years at IFP Energies Nouvelles (France) where he led research, consulting and training projects and taught energy economics and finance to postgraduate students.

Dr. Pierru has served in various leadership positions at KAPSARC, including as interim Vice President for Research. Since 2014 he has been a program director, and currently he leads the Energy Macro & Micro-economics Program.

He undertakes applied research that combines methodological innovation with practical relevance for policymaking. His expertise covers energy economics, policy, finance, modeling, the oil market, and commodity-exporting economies.

Dr. Pierru has a proven track record of methodological innovations with 50 journal papers to his name. He has been a key contributor to the development of novel lines of research, such as the role of OPEC in stabilizing the oil market, the economic modeling of price controls, or the evaluation of investment projects by international oil companies facing various tax systems.

He also coauthored with Denis Babusiaux the book Corporate Investment Decisions and Economic Analysis: Exercises and Case Studies (2005), which is the fruit of years of teaching, consulting and research, and contains numerous examples from the energysector.

Expertise

  • Energy modelling
  • Energy economics
  • Energy policy
  • Oil pricing and finance

Publications See all Axel Pierru’s publications

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