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Comparative analysis of oil-driven economic policies for Saudi Arabia and Iran; using the CGE model

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  • Farahnak, Fardin

Abstract

With its leading contribution to GNP, prior position in funding the public budget, and a prominent share in the national exports, the oil sector contemporarily plays a substantial role in Saudi and Iran's economies. However, massive accumulated oil earnings, the lowest oil production costs, and a superior rank in the world's proven reserves, indicate the economic improvement potential. Accordingly, analyzing feasible improvement in these economies through amplifying the oil sector by measures that take to (1) the public budget components, (2) the oil revenues quotas, and (3) the composition of national imports and exports via a General Equilibrium procedure is the main goal of this research.

Suggested Citation

  • Farahnak, Fardin, 2022. "Comparative analysis of oil-driven economic policies for Saudi Arabia and Iran; using the CGE model," Resources Policy, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722002409
    DOI: 10.1016/j.resourpol.2022.102792
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    More about this item

    Keywords

    Oil-driven policies; Temporary Vs. Permanent policies; Consonant structural and fiscal measures; GNP growth; State-owned oil sector; CGE modmel;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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