Macroeconomic and Welfare Effects of Energy Policies in Saudi Arabia: The MEGIR-SA Model

Frederic Gonand

Methodology Papers from King Abdullah Petroleum Studies and Research Center

Abstract: MEGIR – Model with Energy, Growth and Intergenerational Redistribution – investigates the long-run implications for growth and equity across generations of different energy policies. It is the first general equilibrium model with overlapping generations to be developed and applied for energy policy analysis in the Arabian Peninsula. The version presented here is parameterized on Saudi data. It is a new and thoroughly revised version of the model developed for western countries by Gonand and Jouvet (2015). It is designed specifically for the economies of the Gulf Cooperation Council (GCC) states, particularly insofar as it incorporates an oil-exporting sector and public finances benefiting massively and directly from oil exports.

Keywords: Energy Efficiency; Energy Policy; Energy Policy Analysis; Fuel Mix; General Equilibrium Model; Model with Energy Growth and Intergenerational Redistribution-Saudi Arabia (MEGIR-SA); Model with Energy Growth and Intergenerational Redistribution (MEGIR); Sovereign Wealth Funds; Welfare Distribution (search for similar items in EconPapers)
Pages: 31 pages
Date: 2017-10-26
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