بررسي تطبيقي نوسانات اقتصادي در كشورهاي صادر كننده نفت

Macroeconomic fluctuations in oil exporting countries A comparative study

This study analyzes effects of oil revenue shocks on macroeconomic variables using structural vector auto regression (SVAR). To identify structural innovation, we use the Blanchard and Quah (1989) technique, imposing a set of long-run economic restrictions. The restrictions derive from macroeconomic theories. The model is applied for Iran, Indonesia, Saudi Arabia, and United Arab Emirates and the results are compared. According to results, highest vulnerability to oil income fluctuations belongs to Saudi Arabia, Iran, UAE and Indonesia respectively