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Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies

Author

Listed:
  • Fakhri Hasanov
  • Muhammad Javid
  • Jeyhun Mikayilov
  • Rami Shabaneh
  • Abdulelah Darandary
  • Ryan Alyamani

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Macroeconomic and sectoral assessment of the energy price reform (EPR) can provide policymakers with useful insights regarding price deregulation options. A key feature of this research that differentiates it from many other studies is its modeling framework. The framework first estimates how theoretically articulated determinants (e.g., income and price) historically shaped natural gas demand. Then, this estimated equation is integrated into a macroeconometric model called KGEMM to simulate the impact of natural gas prices on key macroeconomic and sectoral indicators that are of policy interest for the coming years.

Suggested Citation

  • Fakhri Hasanov & Muhammad Javid & Jeyhun Mikayilov & Rami Shabaneh & Abdulelah Darandary & Ryan Alyamani, 2023. "Impacts of Global Climate Policies on Middle Eastern Oil Exporters: A Review of Economic Implications and Mitigation Strategies," Discussion Papers ks--2022-dp22, King Abdullah Petroleum Studies and Research Center.
  • Handle: RePEc:prc:dpaper:ks--2022-dp22
    DOI: 10.30573/KS--2022-DP22
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    File URL: https://www.kapsarc.org/research/publications/macroeconomic-and-sectoral-effects-of-the-natural-gas-price-policy-insights-from-a-macroeconometric-model/
    File Function: First version, 2023
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    Keywords

    Agent based modeling; Analytics; Applied research; Autometrics;
    All these keywords.

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