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Abstract

This study aims to investigate the determinants of short- and long-run investment behavior in Saudi Arabia for eight non-oil sectors. Saudi Arabia is currently proceeding with its historic Vision 2030 reform plan, which aims to significantly increase the private sector’s contribution to the country’s gross domestic product. Thus, analyzing investments at the sectoral level is important for Saudi Arabia. Such an analysis can provide policymakers with a deeper understanding of potential opportunities for boosting private sector growth.

Authors

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

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

Carlo Andrea Bollino

Visiting Researcher Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics… Carlo Andrea is a visiting researcher at KAPSARC, a professor of economics at the University of Perugia, and a professor of energy economics at the University Luiss, Rome. He has been the president of the Italian Association for Energy Economics since 2014 and was the president of the International Association for Energy Economics in 2008. His other roles have included energy advisor to Italy's minister of industry, president of the Italian Electric Transmission Network, chief economist at Eni, economist at the Bank of Italy, research associate at United Nations' Project LINK, and lecturer and professor of economics at the universities of Pennsylvania (United States), Campobasso, Sassari and Urbino (Italy). Carlo Andrea's research investigates econometric modeling, consumer behavior, energy markets, sustainable and renewable energy, liberalization and regulation policy. He has authored over 200 scientific articles, is the chief editor of the Review of Economics and Institutionsand a member of the editorial board of Energies.

Expertise

  • Econometric modeling
  • Consumer behavior
  • Energy markets
  • Sustainable and renewable energy
  • Liberalization and regulation policy

Publications See all Carlo Andrea Bollino’s publications

Marzio Galeotti

Visiting Researcher Marzio is professor of Environmental and Energy Economics at the University of Milan and a visiting researcher at KAPSARC. He… Marzio is professor of Environmental and Energy Economics at the University of Milan and a visiting researcher at KAPSARC. He graduated from Bocconi University in Milan and holds a M.Phil. and a Ph.D. in Economics from New York University. He is a research fellow at the Center for Research on Energy and Environmental Economics and Policy (IEFE) at Bocconi University. Founder and first president of the Italian Association of Environmental and Resource Economists, he has been an expert reviewer of the Intergovernmental Panel on Climate Change (IPCC) Third, Fourth, and Fifth assessment reports for Working Group III on and the coordinator of the Climate Change Modelling and Policy research program of the Fondazione Eni Enrico Mattei in Milan. He has published extensively in scholarly journals and actively participates to the policy debate through media interviews, comments and articles in newspapers and magazines and speeches and presentations in non-academic public events.

Expertise

  • Environment and growth
  • Energy modeling
  • Energy sources
  • Economics of climate change
  • Green growth
  • Investment
  • Productivity
  • Factor demands
  • Innovation and technological change
  • Production theory

Publications See all Marzio Galeotti’s publications

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