Macroeconomic pathways of the Saudi economy: the challenge of global mitigation action versus the opportunity of national energy reforms
Salaheddine Soummane,
Frédéric Ghersi () and
Julien Lefèvre ()
Additional contact information
Salaheddine Soummane: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
Frédéric Ghersi: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
Post-Print from HAL
Abstract:
Highlights : - We calibrate a hybrid dynamic recursive CGE model of Saudi Arabia on original data - We acknowledge the Saudi specifics of currency peg and investment stability - We explore 3 scenarios of international and domestic energy prices - Low global prices affect Saudi GDP little but lower national and public savings - Reformed domestic prices restore activity but not national or public savings Abstract : We analyse the mid-term macroeconomic challenge to Saudi Arabia of a global low-carbon transition reducing oil revenues, versus the opportunity of national energy reforms. We calibrate a compact, dynamic recursive model of Saudi Arabia on original energy-economy data to explore scenarios. We first assess the consequences of oil prices declining from their levels in the New Policies Scenario (NPS) of the IEA, to their levels in its Sustainable
Keywords: Low-carbon transition; Administered energy prices; Hybrid energy-economy modelling; Saudi Arabia (search for similar items in EconPapers)
Date: 2019-07
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env and nep-mac
Note: View the original document on HAL open archive server: https://enpc.hal.science/hal-02924714v1
References: Add references at CitEc
Citations: View citations in EconPapers (13)
Published in Energy Policy, 2019, 130, pp.263-282. ⟨10.1016/j.enpol.2019.03.062⟩
Downloads: (external link)
https://enpc.hal.science/hal-02924714v1/document (application/pdf)
Related works:
Journal Article: Macroeconomic pathways of the Saudi economy: The challenge of global mitigation action versus the opportunity of national energy reforms (2019) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02924714
DOI: 10.1016/j.enpol.2019.03.062
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().