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Natural Resources, Openness and Income Inequality in Iran

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Author Info

  • Hamideh Mohtashami Borzadaran

    ()
    (Department of Economics, Ferdowsi University of Mashhad (FUM), International Branch, Mashhad, Iran)

  • Mehdi Behname

    (Department of Economics, Ferdowsi University of Mashhad (FUM), International Branch, Mashhad, Iran)

  • Sayed Mahdi Mostafavi

    ()
    (Department of Economics, Ferdowsi University of Mashhad (FUM), International Branch, Mashhad, Iran)

Abstract

The aim of this paper is to survey the relationship among natural resource, income inequality and openness in Iran by using the Auto Regressive Distributed Lag (ARDL) model in the period 1980-2009. The stationary test reveals that our variables are both I(0) and I(1), so for that reason, we used the ARDL approach to estimate long run and the short run relations between the variables. The results show that, in the long-run and the short-run, the GDP per capita, Land, Openness and literacy rate have a negative effect on income equality; the total natural resource rents has a positive effect on income equality. The oil revenue has a negative effect on income inequality in the short run, and it has a positive effect on income equality in the long run.

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Bibliographic Info

Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

Volume (Year): 16 (2013)
Issue (Month): 49 (September)
Pages: 3-26

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Handle: RePEc:rej:journl:v:16:y:2013:i:49:p:3-26

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Keywords: ARDL; Income inequality; Iran Natural Resources; Openness;

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  1. Theo Eicher, 2000. "Inequality and Growth: The Dual Role of Human Capital in Development," CESifo Working Paper Series 355, CESifo Group Munich.
  2. Goderis, Benedikt & Malone, Samuel W., 2009. "Natural Resource Booms and Inequality: Theory and Evidence," MPRA Paper 17317, University Library of Munich, Germany.
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  4. Antonio Spilimbergo & Juan Luis Londoño & Miguel Székely, 1997. "Income Distribution, Factor Endowments, and Trade Openness," Research Department Publications 4088, Inter-American Development Bank, Research Department.
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  12. Barro, Robert J, 2000. " Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
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  14. Qin, Duo & Cagas, Marie Anne & Ducanes, Geoffrey & He, Xinhua & Liu, Rui & Liu, Shiguo, 2009. "Effects of income inequality on China's economic growth," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 69-86.
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