Volume 21, Issue 3 (Autumn 2016)                   2016, 21(3): 3-22 | Back to browse issues page

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Khiabani N, delfan M. Oil Revenue Shocks and Reallocation of Economic Activities in an Oil Exporting Country; The Case of Iran. The Journal of Planning and Budgeting. 2016; 21 (3) :3-22
URL: http://jpbud.ir/article-1-1426-en.html
Faculty of Economics, Allameh Tabataba'i University , naser.khiabani@atu.ac.ir
Abstract:   (2601 Views)

The present paper investigates the impact of an oil shock on the Iranian macroeconomics activities from a general equilibrium perspective. We address a new evidence of the reallocation of oil resources between public and private sectors in an oil exporting country. Our finding indicates that while a positive oil shock expands the public sector (investment, capital stock, employment and production positively responded to the shock), the private sector has become smaller following a positive oil shock. In general, we find the strong signs of crowding out effects of public over private investment after expanding the public sector due to a positive oil revenue shock.


[1] . This article is extracted from the thesis of Mahbubeh  Delfan under the guidance of doctor Nasser khiabani  at department of Economic, Allameh Tabataba'i University –Tehran.

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Type of Study: Applicable | Subject: Special
Received: 2016/11/25 | Accepted: 2017/07/23 | ePublished ahead of print: 2017/07/23 | ePublished: 2017/07/23

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