• Primary Program Energy and Macroeconomics
  • Research Interests Applied Time Series Econometrics, the Economics of Energy and Environment, and Sustainable Development

Biography

Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State University) in mathematics. Jeyhun holds a Ph.D. in applied mathematics and a D.S. in econometrics. Before joining KAPSARC in September 2017, Jeyhun was an associate professor at the Department of Statistics and Econometrics at Azerbaijan State University, and the Department of Economics at Qafqaz University, where he taught econometrics, statistics, and mathematical economics. His other roles have included director of the Research Institute for Social Sciences and Humanities, and head of the Center for Socio-Economic Research. Jeyhun was a postdoctoral researcher at Indiana University Bloomington, United States (U.S.). He has also been a visiting researcher at several institutions, including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; the University of North Texas, and the University of South Texas, both in the U.S.

Jeyhun’s research is focused on applied time series econometrics, the economics of energy, the environment and sustainable development. He has authored over 40 scientific articles published in peer-reviewed journals and is an editorial board member of the International Journal of Advanced Multidisciplinary Research and Review, the Journal of Management, Economics and Industrial Organization, and the Journal of Socio-Economic Studies, and a member of the International Association for Energy Economics.

Publications

See all Jeyhun’s publications
  • Book/book chapter
  • Discussion papers
  • Instant Insight
  • Commentary
  • KAPSARC journal articles
  • External journal articles
How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi Arabia

How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi Arabia

In this study, we investigate how total factor productivity (TFP), alongside income, price, and population, shapes energy consumption in the long-run in Saudi Arabia, the world’s number one oil exporter. To do so, we first estimate a production function and construct the associated TFP series, and then assess TFP’s impact on energy consumption. To take into consideration the stochastic properties of the variables, we employ unit root and cointegration methods. We also correct estimations and test results for potential small sample bias. Our main finding is that TFP has a statistically significant impact on energy consumption in the long-run. https://link.springer.com/chapter/10.1007%2F978-3-030-06001-5_8  

21st May 2019
Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia

Regional Heterogeneous Drivers of Electricity Demand in Saudi Arabia

Aggregate residential electricity consumption in Saudi Arabia has increased rapidly over the past several decades, largely due to population increases and fast economic growth (SAMA 2019). The growth in electricity consumption has been driven, among other factors, by government-administered prices fixed in nominal terms for years with minor adjustments.

13th September 2020
Electricity Demand Modeling in Saudi Arabia: Do Regional Differences Matter

Electricity Demand Modeling in Saudi Arabia: Do Regional Differences Matter

Energy is a pervasive input to all business and recreational activities. As such, total energy demand is an important indicator that helps explain the pattern of economic development within a country. Identifying and understanding the key determinants of electricity demand is therefore important for the economic prosperity of a country, since the availability of reliable electricity directly affects the prospects of economic development. With mega projects already in the works in Saudi Arabia, and Saudi Vision 2030’s National Industrial Development and Logistics Program (NIDLP 2019) being implemented, understanding the Kingdom’s existing and projected patterns of electricity demand is arguably more important now than ever before.  

30th April 2020
Modeling Sectoral Employment in Saudi Arabia

Modeling Sectoral Employment in Saudi Arabia

Achieving the desired level of employment is central to macroeconomic policy. Regulators should have a better understanding of employment dynamics in order to design appropriate policies and test their impact. Healthy employment levels not only benefit household income and the production factor of firms, but also help maintain sustainable economic growth and reduce poverty. Employment is a central element in the concept of inclusive growth (UN 2006; Bhalla 2007). Therefore, the dynamics of employment determinants have been the subject of considerable research to date.

7th April 2020
KGEMM:  A Macroeconometric Model for Saudi Arabia

KGEMM: A Macroeconometric Model for Saudi Arabia

The KAPSARC Global Energy Macroeconometric Model (KGEMM), is a policy analysis tool for examining the impacts of domestic policy measures and global economic and energy shocks on the Kingdom of Saudi Arabia.

13th February 2020
Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

After the drop in international oil prices in 2014, oil-exporting countries started to launch new policies to develop their economies. It is important that policymakers involved in energy and economic development understand how economic agents respond to increased energy prices and how the latter affects the demand for different fuels.

26th December 2019
The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia

The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia

The growth path of gasoline demand, a key strategic fuel, has important implications for oil security, oil-related carbon emissions, and refinery investment (Dahl 2012). As such, understanding how fluctuations in income and gasoline prices could affect the demand for oil in Saudi Arabia allows policymakers to assess what drives gasoline demand over time and the likely future development of oil demand.

11th December 2019
Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan

Estimation of the Impacts of Non-Oil Traditional and Non-Traditional Export Sectors on Non-Oil Export of Azerbaijan

Academic Journal of Economic Studies

2016
Testing of Monetary Policy Transmission Mechanisms in the case of Azerbaijan

Testing of Monetary Policy Transmission Mechanisms in the case of Azerbaijan

Journal of Qafqaz University - Economics and Administration

2016
Residential Electricity Use Effects of Population in Russia

Residential Electricity Use Effects of Population in Russia

Journal of Qafqaz University – Economics and Administration

2015
Sustainable Development and the STIRPAT Framework

Sustainable Development and the STIRPAT Framework

Journal of Qafqaz University – Economics and Administration

2014

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