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The Role of Institutions in the Dynamic Effects of Oil Revenues in Oil Economies

Author

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  • Shadrokh, Mahdie

    (Tarbiat Modares University)

  • Zamanzadeh, Hamid

    (Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran)

Abstract

The purpose of this paper is to investigate the system of oil revenues effects on the production performance of oil-rich countries in both short and long-run. To reveal new insight, a macroeconomic model is designed to hypothesize long-run structural relations in the economies of the oil-rich countries including three long-run relationships

Suggested Citation

  • Shadrokh, Mahdie & Zamanzadeh, Hamid, 2017. "The Role of Institutions in the Dynamic Effects of Oil Revenues in Oil Economies," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(1), pages 23-36, January.
    • Handle: RePEc:mbr:jmonec:v:12:y:2017:i:1:p:23-36
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    References listed on IDEAS

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