this paper extends endogenous growth models through augmenting it with government budget and oil revenues as well as the effect of public investment efficiency on long run growth of private and government consumption and import for an oil producing economy. based on the extracted model, the optimal growth rate of government current expenditure (or consumption) has a positive relation with the e...

this paper investigates the impact of oil revenues on the output of economic sectors in some of oil exporting countries including iran, venezuela and mexico. we use cointegration analysis as well as short run and long run granger casualties' tests. the results show that in the long run, an oil boom leads to expansion of service sector, in these countries. also, the impacts of oil revenues ...

iran is one f the biggest oil producer and exporter of the world. due to the special administrative and constitutional structure of the country, i.e. economic, social and political reasons, the government budget and revenues depend heavily on oil exports. the aim of this article is to suggest a theoretical proposal on the optimum level of non-oil exports such that it will clear up the idea of e...

Iran is one f the biggest oil producer and exporter of the world. Due to the special administrative and constitutional structure of the country, i.e. economic, social and political reasons, the government budget and revenues depend heavily on oil exports. The aim of this article is to suggest a theoretical proposal on the optimum level of non-oil exports such that it will clear up the idea of e...

YERCEPTIONS OF A GLOBAL CRISIS have been rampant for over a decade. Third world nations fear their development prospects are being undermined by a series of devastating external shocks. Unprecedentedly high levels of foreign debt service, coupled with climbing interest rates and falling export revenues, have forced many developing countries to cut imports, restrict public-sector spending, curta...

The purpose of this paper is to investigate the system of oil revenues effects on the production performance of oil-rich countries in both short and long-run. To reveal new insight, a macroeconomic model is designed to hypothesize long-run structural relations in the economies of the oil-rich countries including three long-run relationships of real output, real money balance, and the adjusted p...

Oil and Gas sector, with notable participation in national product and funding public expenditures, plays a seminal role in Iran's economy. Although there is a relative lag in providing proportionate supply, Iran stands at the highest rank of owning world's related proven reserves. Using a Computable General Equilibrium (CGE) model, this study was aimed to investigate the effects of the increas...

the welfare policies and programs in the iran had started to establish modern state in iran since 1925.this paper deals with the relation between oil revenues and social welfare in iran before 1978(1357) revolution. why developmental activities within welfare policies and programs couldn’t maintain their stability and continuity? the bureaucrats and redefined groups were became the main target ...