Assessing alternative options for allocating oil revenue in Iran

Zahra A. Barkhordar and Yadollah Saboohi

Energy Policy, 2013, vol. 63, issue C, 1207-1216

Abstract: The present paper focuses on medium-term effects of alternative windfall management strategies for a resource abundant country where the resource revenues are expected to last over a prolonged period. In particular, the trade-off between spending and saving is analyzed within the framework of a recursive dynamic computable general equilibrium model. The model is further validated against historical data available for 2001–2010. The total factor productivity is calculated endogenously in the model based on a function that reflects the changes in factor productivity.

Keywords: Recursive dynamic CGE model; Oil revenue management; Validation (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:63:y:2013:i:c:p:1207-1216

DOI: 10.1016/j.enpol.2013.08.099

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