IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v18y1993i9p933-938.html
   My bibliography  Save this article

Impact of energy consumption in the major industrialized countries on Saudi Arabian oil production

Author

Listed:
  • Al-Zayer, Jamal A.
  • Al-Ibrahim, Abdulla A.
  • Al-Faraj, Taqi N.

Abstract

Saudi Arabia is the world's largest oil exporter and an important trade partner to the major industrialized countries (MICs), which include the United States, United Kingdom, Japan, Italy, Germany and France. Energy-production and other data for these countries have been collected and analysed. An econometric model has been developed to estimate the impacts of variables such as energy consumption and production, the price of crude oil, and OPEC and non-OPEC oil exports on Saudi oil production. The major finding is that the price of oil is not important in determining Saudi oil-production policy. Total oil production in the MICs, oil exports of major non-OPEC and OPEC members excluding Saudi Arabia, and the GDP of Saudi Arabia are found to be the important determinants. Our model may help the country's national planners to make better estimates of annual budgets and improve economic and management planning.

Suggested Citation

  • Al-Zayer, Jamal A. & Al-Ibrahim, Abdulla A. & Al-Faraj, Taqi N., 1993. "Impact of energy consumption in the major industrialized countries on Saudi Arabian oil production," Energy, Elsevier, vol. 18(9), pages 933-938.
    • Handle: RePEc:eee:energy:v:18:y:1993:i:9:p:933-938
    DOI: 10.1016/0360-5442(93)90005-X
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/036054429390005X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/0360-5442(93)90005-X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert S. Pindyck, 1979. "The Structure of World Energy Demand," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262661772, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khan, Rabnawaz, 2023. "The impact of a new techno-nationalism era on eco-economic decoupling," Resources Policy, Elsevier, vol. 82(C).
    2. Olanipekun, Ifedolapo Olabisi & Alola, Andrew Adewale, 2020. "Crude oil production in the Persian Gulf amidst geopolitical risk, cost of damage and resources rents: Is there asymmetric inference?," Resources Policy, Elsevier, vol. 69(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kümmel, Reiner, 1982. "The impact of energy on industrial growth," Energy, Elsevier, vol. 7(2), pages 189-203.
    2. Margaret A. Walls, 1990. "Welfare Cost Of An Oil Import Fee," Contemporary Economic Policy, Western Economic Association International, vol. 8(2), pages 176-189, April.
    3. Seale, James L. & Solano, Alexis A., 2012. "The changing demand for energy in rich and poor countries over 25years," Energy Economics, Elsevier, vol. 34(6), pages 1834-1844.
    4. Razin, Assaf & Sadka, Efraim & Coury, Tarek, 2003. "Trade openness, investment instability and terms-of-trade volatility," Journal of International Economics, Elsevier, vol. 61(2), pages 285-306, December.
    5. Carlos de Miguel & Baltasar Manzano & José M. Mart'n-Moreno, 2006. "Oil shocks and the business cycle in Europe," Chapters, in: Carlos de Miguel & Xavier Labanderia & Baltasar Manzano (ed.), Economic Modelling of Climate Change and Energy Policies, chapter 12, pages 180-195, Edward Elgar Publishing.
    6. Wirl, Franz, 2009. "OPEC as a political and economical entity," European Journal of Political Economy, Elsevier, vol. 25(4), pages 399-408, December.
    7. Al-faris, Abdul-razak F., 1997. "Demand for oil products in the GCC countries," Energy Policy, Elsevier, vol. 25(1), pages 55-61, January.
    8. DAUBANES, Julien & LASSERRE, Pierre, 2011. "Optimum Commodity Taxation with a Non-Renewable Resource," Cahiers de recherche 03-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    9. Huntington, Hillard G. & Barrios, James J. & Arora, Vipin, 2019. "Review of key international demand elasticities for major industrializing economies," Energy Policy, Elsevier, vol. 133(C).
    10. Erdogdu, Erkan, 2007. "Electricity demand analysis using cointegration and ARIMA modelling: A case study of Turkey," Energy Policy, Elsevier, vol. 35(2), pages 1129-1146, February.
    11. Mahmoud Dehghan Nayeri & Moein Khazaei & Fatemeh Alinasab-Imani, 2020. "The Critical Heuristics of Iranian Banking Credit System: Analysis of the Antithetical Opinions of the Beneficiaries," Systemic Practice and Action Research, Springer, vol. 33(3), pages 363-392, June.
    12. Assaf Razin & Efraim Sadka & Tarek Coury, 2002. "Trade Openness and Investment Instability," NBER Working Papers 8827, National Bureau of Economic Research, Inc.
    13. McAusland, Carol, 2008. "Trade, politics, and the environment: Tailpipe vs. smokestack," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 52-71, January.
    14. Qudrat-Ullah, Hassan, 2014. "Green power in Ontario: A dynamic model-based analysis," Energy, Elsevier, vol. 77(C), pages 859-870.
    15. Clemens Haftendorn & Franziska Holz, 2008. "Analysis of the World Market for Steam Coal Using a Complementarity Model," Discussion Papers of DIW Berlin 818, DIW Berlin, German Institute for Economic Research.
    16. Ingram, Gregory K. & Zhi Liu, 1997. "Motorization and the provision of roads in countries and cities," Policy Research Working Paper Series 1842, The World Bank.
    17. Swait, Joffre & Eskeland, Gunnar S., 1995. "Travel mode substitution in Sao Paulo : estimates and implications for air pollution control," Policy Research Working Paper Series 1437, The World Bank.
    18. Erdogdu, Erkan, 2010. "Natural gas demand in Turkey," Applied Energy, Elsevier, vol. 87(1), pages 211-219, January.
    19. Anas, Alex & Hiramatsu, Tomoru, 2012. "The effect of the price of gasoline on the urban economy: From route choice to general equilibrium," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(6), pages 855-873.
    20. Gang Liu, 2004. "Estimating Energy Demand Elasticities for OECD Countries. A Dynamic Panel Data Approach," Discussion Papers 373, Statistics Norway, Research Department.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:18:y:1993:i:9:p:933-938. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.