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...

by using a model of development, called developmental state, which appeared during the history of development in east asia region, the current essay tries to present a review on possibility of iran’s transition to economic development. it is supposed that the ground is prepared for iran’s transition to development through effective state intervention in economy. unlimited access of iran to a ve...

American U.S. crude oil prices have dropped significantly of late down to a low of less than $30 a barrel in early 2016. At the same time price volatility has increased and crude in storage has reached record amounts in the U.S. America. Low oil prices in particular pose quite a challenge for the survival of U.S. America’s tight-oil industry. In this paper we assess the current profitability an...