A macroeconometric model for Saudi Arabia :: a case study on the world's largest oil exporter /: Fakhri J. Hasanov, Frederick L. Joutz, Jeyhun I. Mikayilov, Muhammad Javid.

Hasanov, Fakhri J.,; Joutz, Frederick L.; Mikayilov, Jeyhun I.,; Javid, Muhammad,

doi:10.1007/978-3-031-12275-0

A macroeconometric model for Saudi Arabia : a case study on the world's largest oil exporter / Fakhri J. Hasanov, Frederick L. Joutz, Jeyhun I. Mikayilov, Muhammad Javid.

Hasanov, Fakhri J., author.; Joutz, Frederick L. (Frederick Ludwig), author.; Mikayilov, Jeyhun I., author.; Javid, Muhammad, author.

2023

HC415.33

Available Online

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Title

A macroeconometric model for Saudi Arabia : a case study on the world's largest oil exporter / Fakhri J. Hasanov, Frederick L. Joutz, Jeyhun I. Mikayilov, Muhammad Javid.

Author

Hasanov, Fakhri J., author.

ISBN

9783031122750 (electronic bk.)
3031122755 (electronic bk.)
9783031122743 (print)
3031122747

DOI

https://doi.org/10.1007/978-3-031-12275-0

Published

Cham, Switzerland : Springer, 2023.

Language

English

Description

1 online resource (xi, 169 pages) : illustrations (some color).

Item Number

10.1007/978-3-031-12275-0 doi

Call Number

HC415.33

Dewey Decimal Classification

330.9538

Summary

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.

Bibliography, etc. Note

Includes bibliographical references and index.

Access Note

Open access.

Source of Description

Online resource; title from PDF title page (SpringerLink, viewed January 12, 2023).

Added Author

Joutz, Frederick L. (Frederick Ludwig), author.
Mikayilov, Jeyhun I., author.
Javid, Muhammad, author.

Series

SpringerBriefs in economics.

Available in Other Form

Print version: 9783031122743