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A Macroeconometric Model for Saudi Arabia

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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.

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Detail Information

Series Title

SpringerBriefs in Economics

Call Number

XI, 169

Publisher

Springer Cham : Springer Cham., 2023

Collation

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Language

English

ISBN/ISSN

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Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

1

Subject(s)

Macroeconomics
Econometrics
Monetary Economics

Specific Detail Info

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Statement of Responsibility

Fakhri J. Hasanov

Other Information

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Source

https://link.springer.com/book/10.1007/978-3-031-12275-0

Validator

Suwardi

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