Oil exports and the Iranian economy
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run implications of a temporary resource discovery. Under certain regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run output equation with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2009 |
Verlag/Hrsg.: |
Bonn: Institute for the Study of Labor (IZA)
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Schlagwörter: | ddc:330 / C32 / C53 / E17 / F43 / F47 / Q32 / Growth models / long run relations / Iranian economy / oil price / foreign output shocks / error correcting relations / Mineralölwirtschaft / Erdöl / Export / Einnahmen / Wirtschaftswachstum / Mineralölpreisschock / Makroökonomischer Einfluss / Dutch Disease / Iran |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28639611 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/36322 |