• Primary Program Energy Macro and Microeconomics
  • Research Interests Environment and growth, energy modeling, energy sources, economics of climate change, green growth, investment, productivity, factor demands, innovation and technological change, production theory

Biography

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.

Publications

See all Marzio’s publications
  • Discussion papers
  • Methodology papers
  • KAPSARC journal articles
  • External journal articles
  • Think20 (T20)
Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

We assess the extent to which the implementation of Saudi Vision 2030 policies enhances the Saudi economy’s resilience to oil price and production shocks, and to the productivity of tradable and non-tradable goods. We extend Blazquez et al.’s (2021) dynamic stochastic general equilibrium model to capture the country’s economic diversification policies and build a resilience index based on impulse responses to shocks.    

23rd September 2022
Sectoral Investment Analysis for Saudi Arabia

Sectoral Investment Analysis for Saudi Arabia

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.

24th August 2021
Growth Through Diversification and Energy Efficiency: Energy Productivity in Saudi Arabia

Growth Through Diversification and Energy Efficiency: Energy Productivity in Saudi Arabia

With domestic energy demand in Saudi Arabia expected to potentially double by 2030, managing the relationship between energy consumption and economic growth will be very important for the Kingdom’s sustainable development. To assist in this task, this report recommends using energy productivity as an indicator and policy framework to help inform policymakers as to where and how the most value can be achieved from energy use.

24th November 2017
Energy Productivity as a New Growth Model for GCC Countries

Energy Productivity as a New Growth Model for GCC Countries

Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to find a new growth model which increases the welfare of their citizens, while reducing exposure to volatile energy markets. This paper argues that placing energy productivity at the heart of such a new growth paradigm offers a compelling path forward to strengthen economic diversification, energy efficiency and innovation efforts.

18th October 2016
K-DSGE: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia

K-DSGE: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia

This paper describes a dynamic stochastic general equilibrium (DSGE) model of the Saudi Arabian economy, developed by KAPSARC researchers. The K-DSGE model is to be used for simulations and experiments to assess the impact of economic reforms within the Saudi Vision 2030 framework. The model will also complement the suite of models currently used at KAPSARC for macroeconomic analysis, to assess the impact of the Kingdom’s public policies.

3rd February 2020
Ethanol and Field Crops: Is There a Price Connection?

Ethanol and Field Crops: Is There a Price Connection?

Food Policy

2016
Environmental Regulation and Competitiveness: Empirical Evidence on the Porter Hypothesis from European Manufacturing Sectors

Environmental Regulation and Competitiveness: Empirical Evidence on the Porter Hypothesis from European Manufacturing Sectors

Energy Policy

2015
Causality and Predictability in Distribution: The Ethanol-Food Price Relation Revisited

Causality and Predictability in Distribution: The Ethanol-Food Price Relation Revisited

Energy Economics

2014
Uncertainty in Integrated Assessment Modelling: Can Global Sensitivity Analysis Be of Help?

Uncertainty in Integrated Assessment Modelling: Can Global Sensitivity Analysis Be of Help?

Risk Analysis

2014
Forecasting the Oil-Gasoline Price Relationship: Do Asymmetries Help?

Forecasting the Oil-Gasoline Price Relationship: Do Asymmetries Help?

Energy Economics

2014
Economic Impacts of Climate Change in Italy and the Mediterranean: Updating the Evidence

Economic Impacts of Climate Change in Italy and the Mediterranean: Updating the Evidence

Journal of Sustainable Development

2012
At Home and Abroad: An Empirical Analysis of Innovation and Diffusion in Energy Technologies

At Home and Abroad: An Empirical Analysis of Innovation and Diffusion in Energy Technologies

Journal of Environmental Economics and Management

2011
On the Robustness of the Robustness of Checks on the Environmental Kuznets Curve

On the Robustness of the Robustness of Checks on the Environmental Kuznets Curve

Environmental and Resource Economics

2009
How Consistent are Alternative Short-term Climate Policies with Long-term Goals ?

How Consistent are Alternative Short-term Climate Policies with Long-term Goals ?

Climate Policy

2006
Reassessing the Environmental Kuznets Curve for CO2 Emissions: A Robustness Exercise

Reassessing the Environmental Kuznets Curve for CO2 Emissions: A Robustness Exercise

Ecological Economics

2006
WITCH: A World Induced Technical Change Hybrid Model

WITCH: A World Induced Technical Change Hybrid Model

Energy Journal

2006

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