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Ajman University

The main objective of this study is to analyze the impact of EXPO 2020 0n the demand for electricity in Dubai. This is done by first, constructing and estimating a simple econometric model for electricity using data for the period from 2001 to 2018. The empirical results show that the demand for electricity is price- and income-inelastic, with price and income elasticities of 0.96 and 0.80, respectively. On the other hand, the demand for electricity with respect to the number of users is demand elastic, with elasticity of 1.03. All estimated variables were found statistically significant at the 5% level of significance. The paper concludes that electricity consumption in Dubai grew very rapidly in the past and farther continues growth in the coming years where total electricity demand is projected to increase to 44816 GWh in 2019 and 44696 GWh in 2020, the time of Expo 2020, before it slows down a bit to reach 40606 GWh in 2022. The findings of the research also conclude that the electricity intensity reflects a faster economic growth rate relative to electricity growth rate. These findings imply that important policy implications are required especially when preparing for EXPO 2020, which requires significant investments, in this sector, over the coming years. © 2019 by Advance Scientific Research.

Finance

College of Business Administration

Journal of Critical Reviews

The economic effect of Expo 2020 on the demand for electricity in Dubai economics, estimation, &amp; Forecast (2001 – 2022)

The main objective of this study is to estimate the demand for real estate (buildings) in Dubai and use this estimate to calculate elasticities and to forecast the demand in the coming years. I have constructed and estimated a simple econometric model. The model was simple due to severe data limitations on useful economic variables. Linear model was found to best fit the data on the demand for buildings in Dubai. All estimated coefficients are well determined at the 5% level of significance with signs expected by economic theory. The analyses showed that population and interest rate have no significant effect on the demand for buildings, while price and income have. The paper concludes that demand for buildings in Dubai grew very rapidly in the past and farther continues growth in the future. The total demand will increase from 8893 building in 2018 to 14328 building in 2020. Elasticities are less than one indicating an inelastic demand for real estates. This will not only require significant investments over the coming years, but will require more efforts by the Dubai government to prepare more affordable building blocks, especially for Expo 2020.