Since it has been discovered in the Kingdom of Saudi Arabia, Oil has played an important and growing role in the economy of Saudi Arabia. And because the Kingdom is a major Oil exporting country in the World, Its income level has increased manyfold. The injection of this increased income into the domestic economy created demand for new goods and services. Hence, a new pattern of consumption eme...

Oil prices, associated with bouts of inflation and economic instability over the last 30 years, have been rising in recent months. We argue that the inflationary consequences of a rise in oil prices depend upon the policy response of the monetary authorities. They can ameliorate the short term impacts on output, but only at the cost of higher inflation. In the short term the size and distributi...

on one hand, oil is the greatest energy resource in the world and, on the other hand, because of the role of oil revenue in the economic of oil producer countries, such as iran,it is vital for these countries. so it is necessary to recognize different affective parameters on oil market for these countries. in this research, we try to forecast oil price as an important variable in world wide oil...

this paper estimates the determinants of inflation in iran using a linear and non- linear regression model over the period 1959-2008. in the model specification, the conventional variables (liquidity, production and exchange rate) as well as positive and negative oil revenue shocks, monetary disequilibrium, and demand gap are considered. the results show that nonlinear time series regression mo...

We analyse the size and potential determinants of governments' revenues windfall in the European Union. Using information about fiscal plans taken from the Stability and Convergence Programmes (SCP) submitted between 1998 and 2006, revenue windfalls are found to have represented on average 0.23% of GDP in the euro-area during the period 19992007, hiding substantial variations both across time (...

this paper extends endogenous growth models through augmenting it with government budget and oil revenues as well as the effect of public investment efficiency on long run growth of private and government consumption and import for an oil producing economy. based on the extracted model, the optimal growth rate of government current expenditure (or consumption) has a positive relation with the e...

The objectives of this study is to investigate the responses of livestock economic variables (namely, output, consumption, prices, labor and capital) to changes in agricultural productivity, monetary, oil revenue and government spending (fiscal policy). To do so, a Dynamic Stochastic General Equilibrium (DSGE) model is constructed for Iran economy disaggregating livestock. Accordingly, the empi...