Comparative analysis of oil-driven economic policies for Saudi Arabia and Iran; using the CGE model

Fardin Farahnak

Resources Policy, 2022, vol. 78, issue C

Abstract: With its leading contribution to GNP, prior position in funding the public budget, and a prominent share in the national exports, the oil sector contemporarily plays a substantial role in Saudi and Iran's economies. However, massive accumulated oil earnings, the lowest oil production costs, and a superior rank in the world's proven reserves, indicate the economic improvement potential. Accordingly, analyzing feasible improvement in these economies through amplifying the oil sector by measures that take to (1) the public budget components, (2) the oil revenues quotas, and (3) the composition of national imports and exports via a General Equilibrium procedure is the main goal of this research.

Keywords: Oil-driven policies; Temporary Vs. Permanent policies; Consonant structural and fiscal measures; GNP growth; State-owned oil sector; CGE modmel (search for similar items in EconPapers)
JEL-codes: D58 H20 H50 O43 Q32 Q38 Q48 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722002409

DOI: 10.1016/j.resourpol.2022.102792

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