A Macroeconometric Model for Saudi Arabia - A Case Study on the World's Largest Oil Exporter (Paperback, 1st ed. 2023)

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. The Brief begins with an introduction to the theoretical framework of the model and the KGEMM methodology and then walks the reader through the structure of the model and its behavioral equations. The book closes with simulations showing the application of the model. Providing a detailed introduction to a cutting-edge, robust predictive model, this Brief will be of great use to researchers and policymakers interested in macroeconomics, energy economics, econometrics, and more specifically, the economy of Saudi Arabia.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	SpringerBriefs in Economics
Release date:	2023
First published:	2023
Authors:	Fakhri J. Hasanov • Frederick L Joutz • Jeyhun I. Mikayilov • Muhammad Javid
Dimensions:	235 x 155mm (L x W)
Format:	Paperback
Pages:	169
Edition:	1st ed. 2023
ISBN-13:	978-3-03-112274-3
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries Books > Earth & environment > The environment > Environmental economics > General
LSN:	3-03-112274-7
Barcode:	9783031122743

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