Primary Program
About
Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University. His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.
Publications
11 August 2021
Sectoral Employment Analysis for Saudi ArabiaThis study aims to explore the impact of output and wage on labour demand in Saudi Arabia at sectoral level. We applied cointegration and equilibrium correction methods to the time-series data of 10 sectors over 1995–2016 using the demand side framework and considering ...
11 April 2021
Estimating Different Order Polynomial Logarithmic Environmental Kuznets Curvesbe followed since it potentially could lead to misleading conclusions. Instead, it should be based upon the sign and statistical significance of the estimated coefficients of the leading terms, the location of turning point(s), and the sign and statistical significance of the estima...
12 August 2020
Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?The paper investigates gasoline consumption in case of oil-exporting country applying Time-varying Coefficient Cointegration approach to the data from 1980 to 2017. Empirical estimations show that long-run income and price elasticities are not constant and are responsive to price and...
22 June 2020
CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach
13 June 2020
Electricity Incentives for Agriculture in Saudi Arabia. Is That Relevant to Remove Them?Saudi Arabia has been implementing the domestic energy price reform (EPR) and fiscal reform since the end of 2015 under the Fiscal Balance Program (FBP), one of the key realization programs of Saudi Vision 2030 (SV2030). The EPR aims to increase the rational consumption of energy an...
25 April 2020
Electricity demand modeling in Saudi Arabia: Do regional differences matter?The paper examines the electricity demand behavior for Saudi Arabia, using annual data for the period of 1990–2016, at regional level. The study finds that income, price and population are the main drivers of electricity demand at regional level. Although, the impacts vary across reg...
06 April 2020
Revisiting Energy Demand Relationship: Theory and Empirical ApplicationIn this paper, we revisit the theoretical framework for energy demand. We then use this theoretical framework to empirically model the Saudi Arabian industrial electricity demand. We show, in the case of Saudi Arabian data, that imposing parsimonious energy demand specification on da...
01 June 2018
The impact of international trade on CO2 emissions in oil exporting countries: Territory vs consumption emissions accountingWhile international trade and Carbon dioxide (CO2) emissions have been well-studied, a panel of only oil-exporting developing economies has not been considered. This paper addresses that gap by investigating the role of the trade in CO2 emissions using a panel of nine oil exporting c...
01 June 2018
The impact of economic growth on CO2 emissions in AzerbaijanThis paper investigates the relationship between the economic growth and CO2 emissions in Azerbaijan. A cointegration analysis is conducted over the period 1992–2013. For getting more robust results, Johansen, ARDLBT, DOLS, FMOLS and CCR methods are employed to explore cointegration ...
01 June 2018
Decoupling of CO2 emissions and GDP: A time-varying cointegration approachThe relationship between CO2 emissions, the main gas responsible for global warming, and economic growth is among the most studied themes of environmental economics. Reducing overall emissions while keeping a high pace of economic development is at the heart of the sustainable develo...
01 January 2018
Residential electricity use effects of population in KazakhstanWe studied impacts of population groups of 15–64 and 65–above on residential electricity use in Kazakhstan in the STIRPAT framework. Unlike earlier studies for Kazakhstan in the STIRPAT framework, we applied time series cointegration and error correction methods. Results from the aut...
04 December 2017
The impact of age groups on consumption of residential electricity in AzerbaijanIn this study, we examined the impacts of population age groups of 0–14, 15–64 and 65-above on residential electricity consumption in Azerbaijan within the STIRPAT framework. Unlike many prior studies of STIRPAT framework, we analyzed this impact, employing co-integration and error c...
01 November 2017
Modeling of electricity demand for Azerbaijan: Time-varying coefficient cointegration approachRecent literature has shown that electricity demand elasticities may not be constant over time and this has investigated using time-varying estimation methods. As accurate modeling of electricity demand is very important in Azerbaijan, which is a transitional country facing significa...
19 October 2017
Review of energy-growth nexus: A panel analysis for ten Eurasian oil exporting countriesThe paper examines the energy-growth nexus in ten oil-exporting developing Eurasian countries: Azerbaijan, Bahrain, Iran, Kazakhstan, Kuwait, Oman, Qatar, Russia, Saudi Arabia and the UAE over the period 1997–2014. Lack of enough energy-growth nexus studies on the oil exporters of th...
08 December 2016
Modeling and forecasting electricity demand in Azerbaijan using cointegration techniquesPolicymakers in developing and transitional economies require sound models to: (i) understand the drivers of rapidly growing energy consumption and (ii) produce forecasts of future energy demand. This paper attempts to model electricity demand in Azerbaijan and provide future forecas...
01 April 2016
Do population age groups matter in the energy use of the oil-exporting countries?This study examines the impacts of the population age groups of 20-34, 35-49, 50-64 and 65-79 on the per capita energy use of the oil-exporting countries of Commonwealth Independent States: Azerbaijan, Kazakhstan and Russia employing the modified-STIRPAT framework. Considering that e...
