The direct public funding of R&D investment to stimulate technological innovation has a strong theoretical case and has gained renewed attention in the recent policy debate as a way to address the long-term challenges of modern society such as pandemics, climate change, and the transition to a...

We model energy demand across five end-use sectors and 15 energy products in Saudi Arabia, generating comprehensive price and income elasticity estimates. Using the Structural Time Series Model, we demonstrate that the trends underlying energy demand are generally stochastic, underscoring the...