Oil Revenue Shocks and Reallocation of Economic Activities in an Oil Exporting Country; The Case of Iran (in Persian)

Nasser Khiabani and Mahbubeh Delfan ()
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Mahbubeh Delfan: Faculty of Economics, Allameh Tabataba'i University

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2016, vol. 21, issue 3, 3-22

Abstract: 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.

Keywords: Dynamic Stochastic General Equilibrium Model; Oil Shock; Real Business Cycle; Public Sector; Private sector (search for similar items in EconPapers)
Date: 2016
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