000 02649cam a2200253 i 4500
020 _a9783031122750
020 _a3031122755
082 0 4 _a330.9538
100 1 _aHasanov, Fakhri J.,
245 1 2 _aA macroeconometric model for Saudi Arabia :
_ba case study on the world's largest oil exporter /
_cFakhri J. Hasanov, Frederick L. Joutz, Jeyhun I. Mikayilov, Muhammad Javid
264 1 _aCham, Switzerland :
_bSpringer,
_c2023
300 _a1 online resource (xi, 169 pages) :
_billustrations (some color)
490 1 _aSpringerBriefs in economics,
505 0 _a1. Executive Summary -- 2. Literature Review -- 3. Theoretical Framework and Stylized Facts -- 4. KGEMM Methodology -- 5. Database -- 6. A Brief History and Structure of KGEMM -- 7. KGEMM Behavioral Equations and Identities -- 8. KGEMM Simulations
520 _aThis 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
650 0 _aMacroeconomics.
700 1 _aJoutz, Frederick L.
700 1 _aMikayilov, Jeyhun I.,
700 1 _aJavid, Muhammad,
856 4 0 _uhttps://rave.ohiolink.edu/ebooks/ebc2/9783031122750
856 4 0 _uhttps://link.springer.com/10.1007/978-3-031-12275-0
856 4 0 _uhttp://proxy.ohiolink.edu:9099/login?url=https://link.springer.com/10.1007/978-3-031-12275-0
942 _2lcc
_cBK
999 _c10562
_d10562