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Theoretical Framework and Stylized Facts

In: A Macroeconometric Model for Saudi Arabia

Author

Listed:
  • Fakhri J. Hasanov

    (King Abdullah Petroleum Studies and Research Center)

  • Frederick L. Joutz

    (King Abdullah Petroleum Studies and Research Center)

  • Jeyhun I. Mikayilov

    (King Abdullah Petroleum Studies and Research Center)

  • Muhammad Javid

    (King Abdullah Petroleum Studies and Research Center)

Abstract

In a very broad sense, KGEMM is a demand-side macroeconometric model augmented with several supply-side representations. The fifth version of KGEMM, presented in this book, has more supply-side augmentation compared to earlier versions. Welfe (2011) among others discuss that for macroeconometric models to be used for policy analysis and projections they should represent both the demand- and supply-side relationships.

Suggested Citation

  • Fakhri J. Hasanov & Frederick L. Joutz & Jeyhun I. Mikayilov & Muhammad Javid, 2023. "Theoretical Framework and Stylized Facts," SpringerBriefs in Economics, in: A Macroeconometric Model for Saudi Arabia, chapter 0, pages 19-20, Springer.
    • Handle: RePEc:spr:spbchp:978-3-031-12275-0_3
    DOI: 10.1007/978-3-031-12275-0_3
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