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Effects of Different Approaches to Use of Non-Renewable (Oil) Resource’s Revenues on Iran’s Economic Growth
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Elaheh Asadi Mehmandosti *   1, Fatemeh Bazazan , Mirhossein Mousavai |
| 1- , elaheh_asadi@alzahra.ac.ir |
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Abstract: (2959 Views) |
In this paper, we use the insights of the Real Business Cycles School, to calculate effects of different approaches to allocation of non-renewable (oil) resources’ revenues on Iran’s economic growth. We compare three different approaches, namely allocating the total revenue to the government, allocating some part of the revenue to the government and the rest to investing and allocating the revenue based on Hartwick lemma by using a General Equilibrium Model.
The results show that to obtain the best results in terms of economic growth, we should allocate the revenues based on Hartwick lemma. In another word, technical growth can cause suitable economic growth only if accumulation of capital can replace the non-renewable (energy) resource’s revenue.
JEL Classification: E17, Q3
Keywords: Allocations of Revenue, Non-Renewable Resource, Economic Growth, General Equilibrium Model. |
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| Keywords: Allocations of Revenue, Non-Renewable Resource, Economical Growth, General Equilibrium Model. |
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Full-Text [PDF 1205 kb]
(1146 Downloads)
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Type of Study: Thesis(PhD.) |
Subject:
Energy Economic
Received: 2019/02/22 | Accepted: 2019/12/28 | Published: 2020/06/8 | ePublished: 2020/06/8
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