A Macroeconometric Model for Saudi Arabia

Dublin Core

Title

A Macroeconometric Model for Saudi Arabia

Subject

Macroeconometric

Description

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.

Creator

Hasanov, Fakhri J.,et al

Source

https://library.oapen.org/bitstream/handle/20.500.12657/60812/978-3-031-12275-0.pdf?sequence=1

Publisher

Springer

Date

2023

Contributor

Baihaqi

Rights

Creative Commons

Format

PDF

Language

English

Type

Textbooks

Files

978-3-031-12275-0.pdf.jpg

Citation

Hasanov, Fakhri J.,et al, “A Macroeconometric Model for Saudi Arabia,” Open Educational Resource (OER) - USK Library, accessed March 2, 2024, http://uilis.usk.ac.id/oer/items/show/7552.

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