RT - Journal Article T1 - Oil Revenue Shocks and Reallocation of Economic Activities in an Oil Exporting Country; The Case of Iran JF - imps YR - 2016 JO - imps VO - 21 IS - 3 UR - http://jpbud.ir/article-1-1426-en.html SP - 3 EP - 22 K1 - Dynamic Stochastic General Equilibrium Model K1 - Oil Shock K1 - Real Business Cycle K1 - Public Sector K1 - Private sector AB - 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. LA eng UL http://jpbud.ir/article-1-1426-en.html M3 ER -