Theoretical Framework and Stylized Facts

Fakhri J. Hasanov, Fred Joutz, Jeyhun I. Mikayilov and Muhammad Javid
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Fakhri J. Hasanov: 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

Chapter Chapter 3 in A Macroeconometric Model for Saudi Arabia, 2023, pp 19-20 from Springer

Abstract: 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.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-031-12275-0_3

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DOI: 10.1007/978-3-031-12275-0_3

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