Place of birth | Lachin region, Azerbaijan Republic | |
Date of birth | 07.04.1979 | |
Higher education institution | Azerbaijan State University of Economics, The George Washington University | |
Academic degree | PhD | |
Academic title | Associate professor | |
Candidate’s (PhD) thesis: - specialty code and name - thesis title | - 08.00.13. – Econometrics (Former Mathematical and Instrumental Methods of Economics) - Econometric analysis of the relationship between inflation and economic growth in the Republic of Azerbaijan | |
Doctor of Science thesis: - specialty code and name - thesis title | - 08.00.13. – Econometrics (Former Mathematical and Instrumental Methods of Economics) - Building Macroeconometric models for the Republic of Azerbaijan | |
Total number of published scientific works: | 77 | |
- foreign publications | 35 | |
- national publications | 16 | |
- conference reports and abstracts | 26 | |
Total number of author’s certificates and patents | - | |
Personnel training: - number of PhDs - number of Doctors of Science | - - | |
Main scientific achievements | Fakhri Hasanov is one of the founders of the KAPSARC Global Macroeconometric Model and has been leading this project since 2015. The model has been intensively utilized since 2016 to assess macroeconomic effects of the energy-economic reforms, which have been implementing since 2016 in Saudi Arabia, and making policy recommendations for the Ministry of Energy. The reforms cover increasing domestic energy prices and fiscal issues. | |
Titles of main scientific works (max. 5) | Hasanov F.J., Bulut C., Suleymanov E. (2017) “Review of Energy-Growth Nexus: A Panel Analysis for Ten Eurasian Oil-Exporting Countries”, Renewable & Sustainable Energy Reviews, Volume 73, 369-386. Hasanov F.J., Liddle B., Mikayilov J.I. (2018) “The impact of international trade on CO2 emissions in oil exporting countries: territory vs consumption emissions accounting” Energy Economics, 74, 343-350. Mikayilov J.I., Hasanov F.J., Galeotti M. (2018) “Decoupling of CO2 emissions and GDP: A time-varying cointegration approach” Ecological Indicators, 95 (1), 615-628. Gonand F., Hasanov F.J., Hunt L.C. (2019) “Higher administered energy prices in Saudi Arabia and their positive impact on welfare”, The Energy Journal, 40(3), 101-123. Hasanov F.J., Bulut C., Suleymanov E. (2016) “Do population age groups matter in the energy use of the oil-exporting countries?” Economic Modelling, Volume 54, pp.82-99. Hasanov F.J., Mikayilov J.I., Mukhtarov S., and Suleymanov E. (2019) “Does CO2 Emissions-Economic Growth relationship reveal EKC in Developing countries? Evidence from Kazakhstan”, Environmental Science and Pollution Research, 1-13 Hasanov F.J., Mikayilov J., Yusifov S., Aliyev K., Talishinskaya S. (2019) “The Role of Social and Physical Infrastructure Spending in Development of Tradable and Non-tradable Sectors in Azerbaijan” Contemporary Economics 13(1), 79-98. Hasanov F.J., Bayramli N., Al-Musehel, N. (2018) “Bank-Specific and Macroeconomic Determinants of Bank Profitability: Evidence from an Oil-Dependent Economy” International Journal of Financial Studies, 6(78), 1-21; doi: 10.3390/ijfs6030078 Mikayilov J.I., Galeotti M., Hasanov F.J. (2018) “The Impact of Economic Growth on CO2 Emissions in Azerbaijan” Journal of Cleaner Production, 197 (1), 1558-1572. Hasanov F.J., Mammadov F., Al-Musehel, N. (2018) “The Effects of Fiscal Policy on Non-Oil Economic Growth” Economies, 6(2), 27; doi:10.3390/economies6020027. Suleymanov E., Rahmanov F., Bulut C., Hasanov F.J. (2018) “The Impact of the Oil Price Fluctuations on the Economic Policy in Oil-Exporting Former Soviet Union Countries” Academic Journal of Economic Studies, 4 (1), 111–122. Mikayilov C., Hasanov F.J., Yusifov S. (2018) “Residential Electricity Use Effects of Population in Kazakhstan” International Journal of Energy Technology and Policy. 14 (1), 114-132. doi: 10.1504/IJETP.2018.10007667. Mikayilov J.I., Hasanov F.J., Bollino C.A., Mahmudlu C. (2017) “Modeling of Electricity Demand for Azerbaijan: Time-Varying Coefficient Cointegration Approach” Energies, 10 (11). Hasanov F.J. and Mikayilov J.I. (2017) “The impact of age groups on consumption of residential electricity in Azerbaijan” Communist and Post-Communist Studies, 50 (4), 339-351. Hasanov F.J., Mikayilov J., Bulut C., Suleymanov E., Aliyev F. (2017) “The Role of Oil Price in Exchange Rate Movements: the CIS Oil-Exporters”, Economies, 5(2), 13; doi:10.3390/economies5020013. Hasanov F.J., Hunt L.C., Mikayilov C. (2016) “Modeling and Forecasting Electricity Demand in Azerbaijan using Cointegration Techniques”, Energies, Special Issue of “Energy Time Series Forecasting”, 9(12), 1045. Hasanov F.J., Mikayilov C., Yusifov S., Aliyev K. (2016) “Impact of Fiscal Decentralization on Non-Oil Economic Growth in a Resource Rich Economy”, Eurasian Journal of Business and Economics, 9 (17), 87-108. Suleymanov E., Aras O., Hasanov F. (2016) “Economic and Strategic Expectations of Trans-Anatolian Natural Gas Pipeline Project”, Economic Studies, Vol. 2, No.4, pp. 23–37. Hasanov F. (2013) “The impact of the real exchange rate on non-oil exports. Is there an asymmetric adjustment towards the equilibrium?” Actual Problems of Economics, Volume 144, Issue 6, 487-502. Hasanov F. (2013) “Dutch Disease and the Azerbaijan economy”, Communist and Post-Communist Studies, Volume 4, pp.463-480. Hasanov F., Huseynov F. (2013) “Bank Credits and Non-Oil Economic Growth: Evidence from Azerbaijan”, International Review of Economics and Finance, Volume 27, pp.597-610. Hasanov F. (2011) “Relationship between inflation and economic growth in Azerbaijani economy: Is there any threshold effect?” Asian Journal of Business and Management Sciences. Vol. 1, No 1., pp.1-11. Hasanov F., Hasanli K. (2011) “Why had the Money Market Approach been irrelevant in explaining inflation in Azerbaijan during the rapid economic growth period?” Middle Eastern Finance and Economics. Euro Journal Publishing. Issue 10. pp. 136-145. Hasanov F., Samadova I. (2010) “The Impact of Real Effective Exchange Rate on the Non-oil Export: The Case of Azerbaijan”, ECO Economic Journal, No 2, pp. 23-39. Hasanov F.J., Liddle B., Mikayilov J.I., Bollino C.A. (2019) “How Total Factor Productivity Drives Long-Run Energy Consumption in Saudi Arabia.” pp.195-200. In: Shahbaz M., Balsalobre D. (eds) Energy and Environmental Strategies in the Era of Globalization. Green Energy and Technology. Springer. Hasanov, Fakhri J. (2019. “Theoretical Framework for Industrial Electricity Consumption Revisited: Empirical Analysis and Projections for Saudi Arabia”. Forthcoming KAPSARC Discussion Paper, KAPSARC. DOI: 10.30573/KS--2019-DP66. Mikayilov J.I., Hasanov F.J., Galeotti M., (2018) “Decoupling of CO2 emissions and GDP: A time-varying cointegration approach” University of Bocconi, Center for Research on Energy and Environmental Economics and Policy, Working Papers series, N 101. Mikayilov J.I., Galeotti M., Hasanov F.J. (2018) “The Impact of Economic Growth on CO2 Emissions in Azerbaijan” University of Bocconi, Center for Research on Energy and Environmental Economics and Policy, Working Papers series, N 102. Fakhri J. Hasanov, Moayad H. Al-Rasasi, Salah Al-Sayaari, and Ziyad Al-Fawzan (2017) “Demand for Broad Money in the Saudi Arabian Economy”, Saudi Arabian Monetary Authority, SAMA Working Papers series, WP/17/6. Hasanov F., Alirzayev E. (2016) “Is Fiscal Policy Supportive for Non-oil Sector Development: The Case of Azerbaijan”, Society of Policy Modeling, EconModels, Working Papers. http://www.econmodels.com/public/dbArticles.php. Hasanov F. (2014) “The Role of the Fiscal Policy in the Development of the Non-Oil Sector in Azerbaijan”, Hazar Strateji Enstitüsü HASEN, Policy Paper, No 13. Hasanov F. (2012) “The impact of the real exchange rate on non-oil exports. Is there an asymmetric adjustment towards the equilibrium?” The Working Paper Series of Research Program on Forecasting, the Department of Economics, the George Washington University, No 05. Hasanov F. (2011) “Analyzing price level in a booming economy: the case of Azerbaijan”, Economics Education and Research Consortium, Working Paper Series, No 11/02E. Hasanov F. (2011) “Dutch Disease and the Azerbaijan economy”, Economics Education and Research Consortium, Working Paper Series, No 11/03E. Hasanov F. (2010) “The Impact of Real Oil Price on Real Effective Exchange Rate: The Case of Azerbaijan”, Discussion Paper Series 1041. DIW Berlin German Institute for Economic Research. Berlin. Bulut C., Hasanov F.J., Suleymanov E. (2015) “The Impact of Age Groups of Population on Energy Use in the Case of Azerbaijan”, Journal of Qafqaz University – Economics and Administration. Volume 3, Number 2. Mikayilov C., Hasanov F.J., Yusifov S. (2015) “Residential Electricity Use Effects of Population in Russia”, Journal of Qafqaz University – Economics and Administration. Volume 3, Number 1. Mikayilov C., Hasanov F.J., Yusifov S. (2014) “Sustainable Development and the STIRPAT Framework”, Journal of Qafqaz University – Economics and Administration. Volume 2, Number 2. Hasanov F., Mehdiyev M. (2011) “The econometric estimation of an impact of the budget expenditures on the value added by the Non-oil sector”, Transaction of Azerbaijan National Academy of Sciences. Series of Physical-Technical and Mathematical Sciences. Vol. XXXI, No.3, pp. 48-58. Hasanov F., Mehdiyev M. (2010) “Econometric estimation of the impact of the current transfers on the non-oil sector”, Transaction of Azerbaijan National Academy of Sciences. Economical Series, No 3, pp. 35-43. Hasanov F. (2010) “The impact of foreign liabilities of the commercial banks in their credit supply”, Transaction of Azerbaijan National Academy of Sciences. Economical Series, No 2-2010, pp. 64-70. Hasanov F. (2010) “Econometric modeling of the impact of bank credits on the non-oil sector”, Transaction of Azerbaijan National Academy of Sciences. Institute of Cybernetics, No 3. pp. 27-38. Hasanli Y., Hasanov F., Mamma¬dova S. (2006) “Optimizing of investment’s distribution between production factors”, Transaction of Azerbaijan National Academy of Sciences. Series of humanitari¬an and social sciences. No. 3-4, pp. 167-171. Hasanli Y., Hasanov F. (2006) “Neo-classical Solow model of economic growth and its application to Azerbaijan economy”, Scientific news. Social and humanitarian sciences section, Sumgait State University. Volume 2, No. 1, pp. 60-66. Hasanli Y., Hasanov F. (2005) “Assessment of impact of the inflation level on the GDP growth”, Lectures of Azerbaijan National Academy of Sciences. No. 3, pp. 127-134. Hasanov F. (2005) “Recent studies on relationship between economic growth and inflation”, Scientific news. Social and humanitarian sciences section. Sumgait State University. Volume 1, No. 3, pp. 77-81. Hasanov F. (2005) “Phillips curve: the relationship between the inflation and unemployment - application to the Azerbaijan economy”, Scientific news. Social and humanitarian sciences section. Sumgait State University. Volume 1, No. 2, pp. 94-97. Hasanli Y., Hasanov F. (2005) “The estimation of Harrod-Domar Economic Growth Model: the case of Azerbaijan”, Special issue on the problems of the national economy, Azerbaijan National Academy of Sciences. pp. 26-47. Hasanov F. (2005) “Inflationary processes in the Republic of Azerbaijan in the period of independence”, Transaction of Azerbaijan National Academy of Sciences. Series of humanitarian and social sciences. No. 2, pp. 338-343. Hasanov F. (2004) “Behavior of economic growth dynamics in the Republic of Azerbaijan during the period of independence”, Scientific issues. Azerbaijan University of Architecture and Construction. No. 2, pp. 93-96. Hasanov F. (2004) “Econometric modeling of interrelation between economic growth and inflation in the Republic of Azerbaijan”, Economic Sciences: Theory and practice, No. 3-4, pp. 218-226. Hasanov Fakhri J., Jeyhun I. Mikayilov, Frederick L. Joutz, and Muhammad Javid. (2019). “Analysis of the Sectoral Employment in Saudi Arabia”, 22nd Dynamic Econometrics Conference. Oxford University, Oxford, UK, September 09-10, 2019. Hasanov Fakhri J., Frederick L. Joutz, Jeyhun I. Mikayilov, and Muhammad Javid. (2019). “KGEMM - a Macroeconometric Model for Saudi Arabia”, International Conference on Economic Modeling and Data Science (EcoMod2019). Ponta Delgada, Portugal, July10-12, 2019. Hasanov, F. “Theoretical Re-consideration for Industrial Energy Consumption. Empirical Results from an Energy Sector Augmented Macroeconometric Model for Saudi Arabia”. Forthcoming in the 2nd International Conference on Energy, Finance and the Macroeconomy. October 24-26, 2018. Montpellier, France. Hasanov, F., Joutz, F and Mikayilov, J. “The impact of the increased domestic energy prices on the Saudi Arabian economy. Insights from KGEMM” ITISE 2018, 19-21 September. Granada, Spain. International Conference on Time Series and Forecasting. Proceedings of Papers, Volume 2, pp.795-797. Gonand F., Hasanov F., Hunt L. “Higher Retail Energy Prices in Saudi Arabia and Their Aggregate Impact on Welfare across Generations”. 41st IAEE International Conference on Transforming Energy Markets. Groningen, Netherlands, June 10-13, 2018. Mikayilov J., Hasanov F., Galeotti M. “Decoupling of CO2 emissions and GDP: A time-varying cointegration approach” 41st IAEE International Conference on Transforming Energy Markets. Groningen, Netherlands, June 10-13, 2018. Gonand F., Hasanov F., Hunt L. “Higher Retail Energy Prices in Saudi Arabia and Their Aggregate Impact on Welfare across Generations”. 40th IAEE International Conference on Meeting the Energy Demands of Emerging Economies. Singapore, June 18-21, 2017. Hasanov F., and Xu X. “Price Subsidy, Demographic Change and the Rising Oil Demand in OPEC”. 40th IAEE International Conference on Meeting the Energy Demands of Emerging Economies. Singapore, June 18-21, 2017. Hasanov F., and Xu X. “Demographic Impact on Residential Electricity Demand in Saudi Arabia” 40th IAEE International Conference on Meeting the Energy Demands of Emerging Economies. 40th IAEE International Conference on Meeting the Energy Demands of Emerging Economies. Singapore, June 18-21, 2017. Hasanov F., Bulut C., Suleymanov E., Aliyev F. “The Role of Oil Price in Exchange Rate Movement of the CIS Oil-exporting Countries” 19th EBES Conference. May 26-28, 2016. Istanbul, Turkey Bulut, C., Hasanov F., Suleymanov E. “The Impact of the Oil Revenues on the Standard of Living in Oil-Exporting Countries of the Former Soviet Union”, International Conference on Eurasian Economies, July1-3, 2014, Skopje, Macedonia Suleymanov E., Bulut C., Hasanov F. “Energy consumption and economic growth relationship: theory and evaluation of economic policies”, “Caucasus and Central Asia in Globalization Process” IV International Congress. 2-4 May 2014, Baku, Azerbaijan. Suleymanov E., Aras O., Hasanov F. “Economic and Strategic Expectations of Trans-Anatolian Natural Gas Pipeline Project”, International Conference on Eurasian Economies. 17-18 September 2013, St. Petersburg, Russia. Bulut C., Suleymanov E., Hasanov F. “Problems Encountered and Solution Attempts during Transition to Market Economy in Azerbaijan”, International Conference on Eurasian Economies. 17-18 September 2013, St. Petersburg, Russia. Hasanov F., Joutz F. “Macroeconometric Model in Making Effective Policy Decisions in the Republic of Azerbaijan”, International Conference on Energy and Sustainable Development. EcoMod. Baku, Azerbaijan, September 04-06, 2013. Hasanov F. “Goods-oriented economic development policy”, I Scientific Conference of Young Researchers, Baku, Azerbaijan, 26-27 April, 2013 E. Suleymanov, Hasanov F. “The Role of Azerbaijani Investments to Turkish Energy Sector in Economic Collaboration of These Countries”, Econ-Anadolu 2013: Anadolu International Conference in Economics III. June 19-21, 2013, Eskishehir, Turkey. Joutz F., Hasanov F. “A Pilot Macroeconometric Model in Making Effective Policy Decisions in the Republic of Azerbaijan”, The 19th Federal Forecasters Conference, The Value of Government Forecasts. The Bureau of Labor Statistics. 2 Massachusetts Avenue, N.E. Washington, DC 20212. USA. September 27, 2012 Hasanov F. “Forecasting Inflation in Azerbaijan”, 11th OxMetrics User Conference. March 15-16, 2012. Washington DC, USA. Hasanov F., Mehdiyev M. “Long- and short-run problems of Agricultural Development”, “Development Strategy and Actual Scientific Problems of Azerbaijan” Scientific Conference, Lankaran, Azerbaijan. 13 May, 2011 Hasanov F. “Estimation of possible impact of the recent global financial-economic crisis on oil export in the Republic of Azerbaijan”, II International Scientifically-Practical Conference on “Problems of Modern Economy”. The Perm State University, 15 November, 2010. pp. 222-235 Hasanli, Y., Hasanov F., Mansimli M. “Equilibrium Price Model for Sectors of Azerbaijan Economy Based on Input-Output Tables” International Conference on Economic Modeling, Istanbul, Turkey. July 7-10, 2010. EcoMod 2010 Papers. Hasanli Y., Hasanov F., Aliyeva H., Takhirova G. “Econometric modeling relationship between exchange rate and its main determinants in the Republic of Azerbaijan”, EİSEMP10, Econometrical and Statistical Symposium. Erzu¬rum, Turkey. May 27-29, 2009. Hasanli Y., Aliyeva H., Hasanov F. “Competitiveness of the tradable goods in Azerbaijan. The Balassa-Samuelson Effect”, Application of Information-Communication Technologies in Science and Education. International Conference, Baku, Azerbaijan. November, 01-03, 2007 Hasanov F. “Labor productivity and inflation”, Control and Optimiza¬tion with Industrial Ap¬pli¬cations (COIA-2005). The First International scientific-practice conference. Azerbaijan National Academy of Sciences and Ministry of Communication and Information Technology. Baku, Azer¬baijan, pp. 52 Hasanov F. “Effective management of finance and money inflow obtaining economic growth”, Socio-economic problems of the development of the co-operation in the market. The International scientific and practical conference. Azerbaijan Cooperation University, Baku, 2004, pp.304-307 | |
Membership in scientific organizations | Research Program on Forecasting, the Department of Economics, the George Washington University, Washington DC, USA. 2012 May – Present Asian Journal of Economics and Finance. 2018 October – Present Journal of Management, Economics, and Industrial Organization. 2017 September – Present Asian Journal of Business and Management Sciences. 2011 May – Present | |
Educational activity | Qafqaz University, Khirdalan, Azerbaijan. 2012 January – 2014 February The George Washington University, the Department of Economics 2011 September – 2012 May Qafqaz University, Khirdalan, Azerbaijan. 2008 January – 2011 September Eurasia University, Baku, Azerbaijan. March 2005 – March 2007 | |
Other activity | Referee activity for the following journals indexed in the Web of Science ve SCOPUS: Energy, Energy Economics, Energy Strategy Reviews, Energy Reports, Journal of Applied Economics, Emerging Markets Finance and Trade, Empirical Economics, Economies, Energies, Energy Transitions, Economic Systems, Environment Development and Sustainability, Journal of Engineering and Technological Sciences, Journal of Risk and Financial Management, Sustainability, Resources Conservation and Recycling, Carbon Management, International Journal of Energy Technology and Policy, The Social Science Journal, Financial Innovation. | |
Prizes and awards | - | |
Work place and address | Az 1141, Baku city, Bakhtiyar Vahabzadeh street, 9 | |
Position | ||
Office phone | (+994 12) 539 28 26 | |
Mobile phone | ||
Fax | ||
E-mail | [email protected] | |
Website | isi.az |
-
03.05.2024
Defense of a dissertation will be held at the meeting of ED 1.20 Dissertation Council -
30.04.2024
Scientific seminar will be held at the Institute of Control Systems -
22.04.2024
Examinations on specialty subjects for PhD degree and academic qualification examinations will be held at ICS in May 2024 -
19.04.2024
ED 1.19 Dissertasiya şurasının iclasında dissertasiya işinin müdafiəsi keçiriləcək