This paper discusses the policy issues facing the country of Sno TomJ e PrRncipe, a small island country in the Gulf of Guinea, given the discovery and imminent exploitation of large reserves of oil in its territorial waters. While presenting huge opportunities, the history of other African oil-exporting countries demonstrates that there are dangers as well. An appropriate policy for macro bala...

plentifulness of oil resources on the one hand, and serious economic challenges in the course of development of the country, on the other hand, makes the optimum use of these resources a considerable issue in achieving the goals of sustainable development. iran’s experience in establishing exchange reserve account (era) during 2000-2005 indicates that its main function is saving the surplus rev...

iran's economy dependence on oil revenues has caused some impacts in the form of commodity price fluctuations on current revenues. accordingly, in the past few years especially in the second development plan, the government included encouragements and reduced the country's dependence on oil revenues in its agenda. agricultural export, especially livestock and poultry export has a proper status ...

This paper delved deeper into the econometric analysis of the extent to which oil revenues has affected standard of living in Nigeria. The study used quasiexperimental research design approach and time series secondary data for the data analysis. The time series secondary data used for the study were tested for stationarity and co-integration and were processed by an E-view for windows economet...

Since it has been discovered in the Kingdom of Saudi Arabia, Oil has played an important and growing role in the economy of Saudi Arabia. And because the Kingdom is a major Oil exporting country in the World, Its income level has increased manyfold. The injection of this increased income into the domestic economy created demand for new goods and services. Hence, a new pattern of consumption eme...