IDEAS home Printed from https://ideas.repec.org/p/fem/femwpa/2010.74.html
   My bibliography  Save this paper

The Oil-Based Economies International Research Project. The Case of Iran

Author

Listed:
  • Fereydoun Verdinejad

    (Faculty of Management, University of Tehran & Economic History Department, Faculty of Letters and Philosophy, University of Milan, Fondazione Eni Enrico Mattei)

  • Yasaman Gorji

    (Faculty of Management, University of Tehran & Economic History Department, Faculty of Letters and Philosophy, University of Milan, Fondazione Eni Enrico Mattei)

Abstract

In order to activate the cycle of wealth production, promote social justice and eliminate poverty and inequality, developing countries are currently faced with a multiplicity of structural problems. According to some economic theories, this is mainly due to inefficient or lack of access to financial resources, which has proved a major obstacle in activating the cycle of wealth production in such countries. On this assumption, countries with huge oil reserves including Iran, should not encounter obstacles in terms of creating and accelerating the national cycle of wealth production. However, the fact is almost all major oil-producing countries and the main exporters of petroleum products in the world are dealing with serious structural issues in establishing a natural cycle of wealth production and a cycle of wealth and income distribution. In order to examine the dependence of Iran’s economic systems (as one of the major exporters of petroleum products) on oil revenues, the paper shall first present an overview of the energy sector in these countries by expounding on their conditions and features and redefine the issue. Thus, in addition to an overview of Iran’s unique geographical and demographic features and a brief account of its history of oil discovery and its effects on the country’s continuum of social and historical events, the paper is going to elaborate on its oil and gas reserves and resources. In the end, considering the huge effect of petroleum export on Iran’s annual budget and its economy and the country’s necessities and obligations, the paper explains some strategies for reducing the economy’s dependence on oil and gas resources in the future and the main obstacles to implementation of these strategies.

Suggested Citation

  • Fereydoun Verdinejad & Yasaman Gorji, 2010. "The Oil-Based Economies International Research Project. The Case of Iran," Working Papers 2010.74, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2010.74
    as

    Download full text from publisher

    File URL: http://www.feem.it/userfiles/attach/201063105314NDL2010-074.pdf
    Download Restriction: no

    More about this item

    Keywords

    Oil-Based Economies; Iran; Wealth Production; Income Distribution;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2010.74. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah). General contact details of provider: http://edirc.repec.org/data/feemmit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.