فایل رایگان Oil income shocks and economic growth in Iran

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بخشی از متن فایل رایگان Oil income shocks and economic growth in Iran :

چکیده
The aim of this paper is to study the relationship between oil revenue shocks and output growth in Iran by
Adopting an SVAR model over the period 1959–2008. The results indicate that positive and negative oil revenue
shocks significantly affect output growth positively and negatively respectively and these effects are
asymmetric. While negative oil revenue shocks adversely affect the economic growth, the resource curse impedes
the expected positive effects of positive oil shocks. In order to overcome the harmful effects of oil
booms and busts, the establishment of oil stabilization and saving funds, diversifying economy, delinking
government expenditure from oil revenues and introducing fiscal rules into the budget seems crucial for
Iran economy

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