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  1. Book ; Online: A Macroeconometric Model for Saudi Arabia

    Hasanov, Fakhri J / Joutz, Frederick L / Mikayilov, Jeyhun I / Javid, Muhammad

    A Case Study on the World's Largest Oil Exporter

    (SpringerBriefs in Economics)

    2023  

    Series title SpringerBriefs in Economics
    Keywords Econometrics ; Macroeconomics ; Environmental economics ; Energy technology & engineering ; Saudi Arabia ; Macroeconometric model ; Equilibrium correction modeling ; Autometrics ; General-to-specific modeling strategy ; Energy price reform ; Saudi Vision 2030
    Language English
    Size 1 electronic resource (169 pages)
    Publisher Springer Nature
    Publishing place Cham
    Document type Book ; Online
    Note English
    HBZ-ID HT030379650
    ISBN 9783031122750 ; 3031122755
    Database ZB MED Catalogue: Medicine, Health, Nutrition, Environment, Agriculture

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  2. Book ; Online: A Macroeconometric Model for Saudi Arabia

    Hasanov, Fakhri J. / Joutz, Frederick L. / Mikayilov, Jeyhun I. / Javid, Muhammad

    A Case Study on the World’s Largest Oil Exporter

    (SpringerBriefs in Economics)

    2023  

    Author's details by Fakhri J. Hasanov, Frederick L. Joutz, Jeyhun I. Mikayilov, Muhammad Javid
    Series title SpringerBriefs in Economics
    Keywords Econometrics ; Macroeconomics ; Power resources ; Environmental economics ; Energy policy ; Energy and state
    Subject code 330.015195
    Language English
    Size 1 Online-Ressource (XI, 169 p. 16 illus., 14 illus. in color)
    Edition 1st ed. 2023
    Publisher Springer International Publishing ; Imprint: Springer
    Publishing place Cham
    Document type Book ; Online
    HBZ-ID HT021680309
    ISBN 978-3-031-12275-0 ; 9783031122743 ; 9783031122767 ; 3-031-12275-5 ; 3031122747 ; 3031122763
    DOI 10.1007/978-3-031-12275-0
    Database ZB MED Catalogue: Medicine, Health, Nutrition, Environment, Agriculture

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  3. Article ; Online: Estimating different order polynomial logarithmic environmental Kuznets curves.

    Hasanov, Fakhri J / Hunt, Lester C / Mikayilov, Jeyhun I

    Environmental science and pollution research international

    2021  Volume 28, Issue 31, Page(s) 41965–41987

    Abstract: This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) ... ...

    Abstract This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) specifications are arbitrary and should therefore not be used to choose the preferred specification and (ii) detailing a proposed general-to-specific type methodology for choosing the appropriate specifications when attempting to estimate higher-order polynomials such as cubic and quartic logarithmic EKC relationships. Testing for the existence and shape of the well-known EKC phenomenon is a hot topic in the environmental economics literature. The conventional approach widely employs quadratic and cubic specifications and more recently also the quartic specification, where the variables are in logarithmic form. However, it is important that researchers understand whether the estimated EKC coefficients, turning points, and elasticities are statistically acceptable, economically interpretable, and comparable. In addition, it is vital that researchers have a clear structured non-arbitrary methodology for determining the preferred specification and hence shape of the estimated EKC. We therefore show mathematically and empirically the arbitrary nature of estimated non-leading coefficients in quadratic, cubic, and quartic logarithmic EKC specifications, being dependent upon the units of measurement chosen for the independent variables (e.g. dependent upon a rescaling of the variables such as moving from $m to $bn). Consequently, the practice followed in many previously papers, whereby the estimates of the non-leading terms are used in the decision to choose the preferred specification of an estimated EKC relationship, is incorrect and should not be 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 estimated elasticities. Furthermore, we suggest that researchers should follow a proposed general-to-specific type methodology for choosing the appropriate order of polynomials when attempting to estimate higher-order polynomial logarithmic EKCs.
    MeSH term(s) Algorithms ; Carbon Dioxide ; Economic Development ; Humans
    Chemical Substances Carbon Dioxide (142M471B3J)
    Language English
    Publishing date 2021-04-01
    Publishing country Germany
    Document type Journal Article
    ZDB-ID 1178791-0
    ISSN 1614-7499 ; 0944-1344
    ISSN (online) 1614-7499
    ISSN 0944-1344
    DOI 10.1007/s11356-021-13463-y
    Database MEDical Literature Analysis and Retrieval System OnLINE

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  4. Article: Cost, emission, and macroeconomic implications of diesel displacement in the Saudi agricultural sector: Options and policy insights

    Elshurafa, Amro M. / Alatawi, Hatem / Hasanov, Fakhri J. / Algahtani, Goblan J. / Felder, Frank A.

    Energy policy. 2022 Sept., v. 168

    2022  

    Abstract: The Saudi agricultural sector relies on diesel for irrigation that is provided to farmers at a price much lower than the average global price, implying significant opportunity costs. By soft-coupling power and macroeconometric models, we assessed cost ... ...

    Abstract The Saudi agricultural sector relies on diesel for irrigation that is provided to farmers at a price much lower than the average global price, implying significant opportunity costs. By soft-coupling power and macroeconometric models, we assessed cost and economic (macro and sectoral) implications of electrifying irrigation activities in the Saudi agricultural sector via three scenarios: electrifying each individual farm with a dedicated hybrid renewable micro-grid, electrifying the entire farm cluster with central generation, and connecting the entire cluster to the national grid. Compared with the base-case, connecting the farm cluster to the national grid was the most economic but least environmentally friendly. The renewable and central generation scenarios were costlier due to high battery costs and gas infrastructure needed, respectively. Further, the financial viability of the renewable microgrid option depends on the opportunity cost assumption. From an economic (macro and sectoral) perspective, we found that: (i) job and value-added creation effects of saved-diesel spending from export revenues is positive, but quite small implying the more diesel displaced the more benefits realized, (ii) sectoral-specific spending is more growth- and employment-enhancing than general-spending of the government suggesting taking measures to further enhance the efficiency of governmental spending as highlighted in the Fiscal Sustainability Program.
    Keywords agricultural industry ; batteries ; economic sustainability ; energy policy ; exports ; farms ; infrastructure ; irrigation ; macroeconomics ; opportunity costs ; prices ; value added
    Language English
    Dates of publication 2022-09
    Publishing place Elsevier Ltd
    Document type Article
    ISSN 0301-4215
    DOI 10.1016/j.enpol.2022.113090
    Database NAL-Catalogue (AGRICOLA)

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  5. Article: Estimating different order polynomial logarithmic environmental Kuznets curves

    Hasanov, Fakhri J. / Hunt, Lester C. / Mikayilov, Jeyhun I.

    Environmental science and pollution research. 2021 Aug., v. 28, no. 31

    2021  

    Abstract: This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) ... ...

    Abstract This paper contributes to the environmental literature by (i) demonstrating that the estimated coefficients and the statistical significance of the non-leading terms in quadratic, cubic, and quartic logarithmic environmental Kuznets curve (EKC) specifications are arbitrary and should therefore not be used to choose the preferred specification and (ii) detailing a proposed general-to-specific type methodology for choosing the appropriate specifications when attempting to estimate higher-order polynomials such as cubic and quartic logarithmic EKC relationships. Testing for the existence and shape of the well-known EKC phenomenon is a hot topic in the environmental economics literature. The conventional approach widely employs quadratic and cubic specifications and more recently also the quartic specification, where the variables are in logarithmic form. However, it is important that researchers understand whether the estimated EKC coefficients, turning points, and elasticities are statistically acceptable, economically interpretable, and comparable. In addition, it is vital that researchers have a clear structured non-arbitrary methodology for determining the preferred specification and hence shape of the estimated EKC. We therefore show mathematically and empirically the arbitrary nature of estimated non-leading coefficients in quadratic, cubic, and quartic logarithmic EKC specifications, being dependent upon the units of measurement chosen for the independent variables (e.g. dependent upon a rescaling of the variables such as moving from $m to $bn). Consequently, the practice followed in many previously papers, whereby the estimates of the non-leading terms are used in the decision to choose the preferred specification of an estimated EKC relationship, is incorrect and should not be 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 estimated elasticities. Furthermore, we suggest that researchers should follow a proposed general-to-specific type methodology for choosing the appropriate order of polynomials when attempting to estimate higher-order polynomial logarithmic EKCs.
    Keywords environmental Kuznets curve ; pollution ; research
    Language English
    Dates of publication 2021-08
    Size p. 41965-41987.
    Publishing place Springer Berlin Heidelberg
    Document type Article
    ZDB-ID 1178791-0
    ISSN 1614-7499 ; 0944-1344
    ISSN (online) 1614-7499
    ISSN 0944-1344
    DOI 10.1007/s11356-021-13463-y
    Database NAL-Catalogue (AGRICOLA)

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  6. Article: Decoupling of CO2 emissions and GDP: A time-varying cointegration approach

    Mikayilov, Jeyhun I / Hasanov, Fakhri J / Galeotti, Marzio

    Ecological indicators. 2018 Dec., v. 95

    2018  

    Abstract: The 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 ... ...

    Abstract The 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 development concept. When emissions grow less rapidly than GDP environmental economists speak of relative decoupling; if emissions even decrease relative to the pace of economic growth, then decoupling is absolute. Assessing these options requires an empirical analysis of the emissions-GDP relationship. The study of this nexus has special importance for developed countries, given their historical responsibility towards global warming. At the same time, in the last decades, the same countries have been at the forefront of the fight against climate change in terms of emissions-reduction efforts. By applying cutting-edge econometric techniques, this paper aims to investigate the decoupling options, if any, for a group of European economies which can be considered as pioneers in pursuing the sustainable development goals. This question gains further importance considering that some recent studies have found positive GDP elasticities of emissions for certain developed countries, which may be seen as a cause of concern for the sustainable development path of such countries. Unlike the bulk of the literature, in this paper, we allow the income elasticity of emissions – a critical indicator for the study of decoupling – to vary over time. The reason is that the elasticity might change through the time due to the factors affecting the main drivers of the CO2 emissions. We use a time-varying coefficients cointegration approach to investigate the CO2 emissions-GDP relationship for 12 Western European countries over a long time period ranging from 1861 to 2015. Our main finding is that the income elasticity of CO2 emissions is positive in all investigated countries. In addition, we find evidence in favor of relative decoupling in 8 out of the 12 European countries. This is in line with the fact that the selected European countries have shown more determination in adopting carbon reduction policies before and after the Kyoto protocol period and toward the Paris agreement compared to other leading economies such as China, United States, and Russia. For the remaining 4 cases, the income elasticity of CO2 emissions is in excess of unity. This can be considered as a call for policymakers to take quick and relevant measures to mitigate emissions level without harming the economic development.
    Keywords carbon ; carbon dioxide ; developed countries ; economists ; empirical research ; environmental economics ; environmental indicators ; global warming ; greenhouse gas emissions ; income elasticities ; issues and policy ; protocols ; sustainable development ; China ; Russia ; United States ; Western European region
    Language English
    Dates of publication 2018-12
    Size p. 615-628.
    Publishing place Elsevier Ltd
    Document type Article
    ZDB-ID 2036774-0
    ISSN 1872-7034 ; 1470-160X
    ISSN (online) 1872-7034
    ISSN 1470-160X
    DOI 10.1016/j.ecolind.2018.07.051
    Database NAL-Catalogue (AGRICOLA)

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  7. Article: The impact of economic growth on CO2 emissions in Azerbaijan

    Mikayilov, Jeyhun I / Galeotti, Marzio / Hasanov, Fakhri J

    Journal of cleaner production. 2018 Oct. 01, v. 197

    2018  

    Abstract: This 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 ... ...

    Abstract This 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 and estimate long-run coefficients. We use cubic, quadratic and linear specifications and conclude that the last one is an adequate representation for the impact of the economic growth on CO2 emissions in Azerbaijan. The results from the different cointegration methods are consistent with each other and show that the economic growth has a positive and statistically significant impact on the emissions in the long-run implying that the EKC hypothesis does not hold for Azerbaijan. The income elasticity of CO2 emissions, using different methods, is found to be between 0.7 and 0.8. Moreover, we find that any short-run imbalance can be adjusted towards the long-run equilibrium path within less than one year. The paper concludes that measures to increase energy efficiency, carbon pricing instruments in production and international-domestic trade activities, and nationwide social awareness programs to instruct about the negative consequences of pollution can be considered as relevant environmental policies aimed at reducing carbon emissions.
    Keywords carbon ; carbon dioxide ; carbon markets ; economic development ; energy efficiency ; environmental policy ; greenhouse gas emissions ; income elasticities ; pollution ; time series analysis ; trade ; Azerbaijan
    Language English
    Dates of publication 2018-1001
    Size p. 1558-1572.
    Publishing place Elsevier Ltd
    Document type Article
    ISSN 0959-6526
    DOI 10.1016/j.jclepro.2018.06.269
    Database NAL-Catalogue (AGRICOLA)

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  8. Article ; Online: Correction to: Does CO

    Hasanov, Fakhri J / Mikayilov, Jeyhun I / Mukhtarov, Shahriyar / Suleymanov, Elchin

    Environmental science and pollution research international

    2019  Volume 26, Issue 34, Page(s) 35282

    Abstract: The article Does ... ...

    Abstract The article Does CO
    Language English
    Publishing date 2019-10-16
    Publishing country Germany
    Document type Published Erratum
    ZDB-ID 1178791-0
    ISSN 1614-7499 ; 0944-1344
    ISSN (online) 1614-7499
    ISSN 0944-1344
    DOI 10.1007/s11356-019-06464-5
    Database MEDical Literature Analysis and Retrieval System OnLINE

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  9. Article ; Online: Does CO

    Hasanov, Fakhri J / Mikayilov, Jeyhun I / Mukhtarov, Shahriyar / Suleymanov, Elchin

    Environmental science and pollution research international

    2019  Volume 26, Issue 29, Page(s) 30229–30241

    Abstract: This paper investigates the ... ...

    Abstract This paper investigates the CO
    MeSH term(s) Carbon Dioxide/analysis ; Developing Countries ; Economic Development/statistics & numerical data ; Economic Development/trends ; Environmental Policy/economics ; Environmental Pollution/analysis ; Environmental Pollution/economics ; Income ; Kazakhstan ; Renewable Energy/economics ; Renewable Energy/statistics & numerical data
    Chemical Substances Carbon Dioxide (142M471B3J)
    Language English
    Publishing date 2019-08-17
    Publishing country Germany
    Document type Journal Article
    ZDB-ID 1178791-0
    ISSN 1614-7499 ; 0944-1344
    ISSN (online) 1614-7499
    ISSN 0944-1344
    DOI 10.1007/s11356-019-06166-y
    Database MEDical Literature Analysis and Retrieval System OnLINE

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  10. Article: Does CO2 emissions–economic growth relationship reveal EKC in developing countries? Evidence from Kazakhstan

    Hasanov, Fakhri J / Mikayilov, Jeyhun I / Mukhtarov, Shahriyar / Suleymanov, Elchin

    Environmental science and pollution research international. 2019 Oct., v. 26, no. 29

    2019  

    Abstract: This paper investigates the CO2 emissions–economic growth relationship in Kazakhstan for the period 1992–2013. Johansen, ARDLBT, DOLS, FMOLS, and CCR cointegration methods are used for robustness purpose. We start with the cubic functional form to rule ... ...

    Abstract This paper investigates the CO2 emissions–economic growth relationship in Kazakhstan for the period 1992–2013. Johansen, ARDLBT, DOLS, FMOLS, and CCR cointegration methods are used for robustness purpose. We start with the cubic functional form to rule out any misleading results that can be caused by misspecification. Although the estimation results suggest “U”-shaped relationship, the turning point of income is out of the period. It means that the impact of economic growth on CO2 is monotonically increasing in the long run indicating the Environmental Kuznets Curve (EKC) hypothesis does not hold for Kazakhstan. Moreover, we calculate that the income elasticity of CO2 is about unity. The paper concludes that the Kazakhstani policymakers should focus on less energy-intensive sectors as well as using more renewable energy in order to avoid higher pollution effects of economic growth. They may also set new policy regulations for CO2 reduction.
    Keywords carbon dioxide ; developing countries ; environmental Kuznets curve ; income ; income elasticities ; issues and policy ; pollution ; renewable energy sources ; Kazakhstan
    Language English
    Dates of publication 2019-10
    Size p. 30229-30241.
    Publishing place Springer Berlin Heidelberg
    Document type Article
    ZDB-ID 1178791-0
    ISSN 1614-7499 ; 0944-1344
    ISSN (online) 1614-7499
    ISSN 0944-1344
    DOI 10.1007/s11356-019-06166-y
    Database NAL-Catalogue (AGRICOLA)

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