A Macroeconometric Model for Saudi Arabia
A Case Study on the World’s Largest Oil Exporter
Fakhri J Hasanov author Frederick L Joutz author Jeyhun I Mikayilov author Muhammad Javid author
Format:Paperback
Publisher:Springer International Publishing AG
Published:2nd Jan '23
Currently unavailable, and unfortunately no date known when it will be back
This Open Access Brief presents the KAPSARC Global Energy Macroeconometric Model (KGEMM). KGEMM is a policy analysis tool for examining the impacts of domestic policy measures and global economic and energy shocks on the Kingdom of Saudi Arabia. The model has eight blocks (real sector, fiscal, monetary, external sector, price, labor and wages, energy, population, and age cohorts) that interact with each other to represent the Kingdom’s macroeconomy and energy linkages. It captures New Keynesian demand-side features anchored to medium-run equilibrium and long-run aggregate supply. It applies a cointegration and equilibrium correction modeling (ECM) methodology to time series data to estimate the model’s behavioral equations in the framework of Autometrics, a general-to-specific econometric modeling strategy. Hence, the model combines ‘theory-driven’ approach with ‘data-driven’ approach.
ISBN: 9783031122743
Dimensions: unknown
Weight: unknown
169 pages
1st ed. 2023