جستجوی مقالات مرتبط با کلیدواژه « رانت نفتی » در نشریات گروه « اقتصاد »

In most developingcountries that export oil and have weak institutional quality,oil plays a hindering role in their economic growth and development.Therefore,these countries prioritize enhancing the value of their oil products and diversifying their offerings to gain a competitive edge in the global markets and achieve sustained economic growth and development.Numerous other research articlesexamining economic growth have reached the consensus that empowering women,who comprise half of a country's human resources,yields beneficial outcomes inshaping the planning of the development process and its effectiveness.Additionally, achieving balanced growth and sustainable development is akey objective that involves adopting a positive and equitable approach towards addressing women's issues and empowering them to assume diverseroles in the developmentprocess (Khosravi etal.,2011:125).However,it appears that the impact of key measures of women's progress on the shift from an oil-based economy has not been examined using actual evidence from developing nationsthat export oil, particularly Iran.The significance ofwomen in a country's economy lies inthefact thatthey constitute half of the population and have the potential toliberate oil-exporting economies from reliance on oil revenue whilemitigating potential adverse effects ofoil income.Consequently, this study aims tofill this research gap by investigating the subject using data from17chosen developing oil-exporting countries,for which the required data was available between2011and2018.

Because resources, including natural resources, play an important role in economic growth, with speedy economic and population growth, economic growth is facing a scarcity of resources worldwide. Resource-economy co-ordination has become every government’s main focus in reaching strategic development goals in countries that are on the path of rapid economic development. And since most developing countries are dependent on oil revenues and their economic growth is affected by this income, to reduce this dependence, it is necessary to attract foreign investment and receive and transfer technology and knowledge from developed countries. This will be possible due to security and interaction in countries with better institutional quality. The purpose of this study is to inspect the effect of oil dependence and institutional quality on economic growth with the Panel VAR approach. In this regard, 10 developing countries between the years 1995-2019have been selected. The results of the research with reaction functions tells us that the shock of renting crude oil in developing countries affects economic growth positively at first and when reaching its final stages this trend becomes negative. The oil share shock is positive at first and later on has a negative effect on economic growth. In the end the shock from the institutional quality index economic growth in developing countries is negative in the primary stages and turns positive later on.

Foreign direct investment has become a key element in linking countries' domestic economies to the global economy. The issue of attracting foreign investment for oil-exporting countries is different from other countries. Oil-dependent countries are often managed by rentier governance systems based on oil revenues, leading to uncertainty and instability in macroeconomic policies. Therefore, most of these countries have dubious institutional sovereignty and poor performance of macroeconomic variables that prevent the entry of foreign investors. Therefore, the purpose of this study is to investigate the impact of oil rents on the inflow of foreign direct investment in Iran during the period 1985-to 2018 using the vector error correction model (VECM). The results show that the oil rent variable hurts the inflow of foreign direct investment, while the variables of the institutional quality index, gross fixed capital formation, and trade openness have a positive effect on FDI absorption. According to the results of the study, in order to attract more foreign direct investors, limit and reduce the size of rentier governments and drastically reduce the dependence of the budget on oil revenues suggested that revenues from oil resources to improve the related infrastructure in all economic sectors be overflow into the .

Experience of countries with different institutional structures shows that they achieved different development goals. This phenomenon is doubly important in countries with natural resources, such as oil. There are differences in the theoretical and experimental results of the effects of the abundance of natural resources on the growth rate of a developing economy. While some oil-exporting countries have high economic growth, in others implementation of development policies has not only strengthened economic growth, but also further problems such as inadequate resource allocation, increased consumption, waste of resources, economic corruption, government budget imbalances occurred. oil revenues in high institutional quality countries controlled by the macroeconomic structure; however, in countries with low institutional quality, it destroys the macroeconomic structure, which occurs in the turmoil of important economic variables.This article seeks to investigate the two-way effect of economically significant variables and institutional variables on each other. In this regard, first, a macroeconomic model for a developing country that exports a product introduced, and then this model modified based on theoretical considerations and the main features of the Iranian economy. Given that, economic freedom is a good indicator for measuring the institutional quality of countries, it used as an alternative to institutional framework. The economic freedom index of the Fraser Institute implemented as an endogenous institutional variable in the model. 

This study is based on the analysis of time series data for the period of 1972-2020 in Iran. The fact that improving income in a country may improve institutions internalizes the institutional structure, leading to measurement error, inverse causality, and false correlation, and will distort the model estimation. In such a condition, appropriate econometric methods must be implemented to eliminate these problems. One of the suitable econometric methods to reduce the problem of endogenousity of institutional indicators and correlations between institutional variables and other explanatory variables is GMM (Generalize Method of Moments), which implemented in this article. The model has seven main equations for different economic sectors and sub-indexes of Economic freedom implemented in different equations based on the compatibility with that equation. 

Consumption function estimation shows that past consumption level has a large effect on current consumption, which confirms the effect of consumption function gears. The positive relationship between consumption and interest rates shows that an increase in interest rates, increases consumption, which is a result of the increasing inflation in the country. The institutional index of healthy (stable) money includes liquidity growth, freedom of ownership of foreign currencies, current inflation rate and inflation change in the last five years and has had a negative effect on consumption. in the investment equation, size of government, national income and interest rates had the greatest impact on investment, respectively. The negative exchange rate coefficient is due to the relationship between the exchange rate and investment, which can be attributed to the fact that in oil-rich countries such as Iran, the bulk of imported capital goods and rising exchange rates make capital goods more expensive and reduce investment. In the export function, foreign income has the greatest effect and a significant relationship between exports and relative prices confirmed. In this equation, the effect of the institutional variable is significant, which confirms the researcher's views. According to the results, low export price elasticity and high export revenue elasticity in Iran can be justified. Because Iran's main export is oil, which mostly influenced by the level of production and income of other countries, and due to the exogenous mechanism of determining international oil price, is not dependent on changes in the country's exchange rate.In the import equation, national income has the greatest effect, and the income elasticity of imports indicates the country's strong dependence on imported goods and the considerable volume of essential goods and services in the country's imports. The effect of oil revenue in the model is significant but its sign is contrary to expectations, as it shows that despite the decline in oil revenue, imports have increased. This evidence suggests that Iran has not been able to implement an import substitution strategy. The positive effect of the institutional variable on imports shows that with the improvement of the foreign trade freedom situation, the country's imports increase.In the production function, the institutional variable of property rights was not significant, but the institutional variable of laws and regulations had an effect on national production, which shows the direct effect of improving the status of laws and regulations and reducing bureaucracy on increasing production. The ratio of imports to capital accumulation has had a positive effect on the level of production, which confirms the results of estimating the import function based on the high share of essential goods in the country's imports.In the money demand function, an increase in national income has increased liquidity, which explains the larger monetary sector compared to the real sector. Increasing oil revenues also increase the volume of liquidity. The institutional variable of government expenditure is marked in agreement with the theory. Changes in the institutional variable of healthy (stable) money also increase the volume of liquidity. It is empheasized again that one of the components of the healthy money index is inflation in recent years, which has not been favorable in Iran and has increased liquidity. The designed institutional function is able to explain the institutional changes of the, and the sign of all coefficients agrees the expected sign. The increase in national income improves the country's institutions, while the increase in other variables such as government size, oil revenue, liquidity volume and inflation has destroyed the country's institutional situation, which government size and inflation have had the greatest impact on the institutional situation. 

Estimation of institutional function also shows that increasing national income has improved the country's institutions, while increasing other variables such as government size; oil revenue; liquidity and inflation have destroyed the country's institutional situation. Meanwhile improving the quality of institutions leads to an increase in national production and reduces the volume of liquidity.

In this study, the factors affecting financial development with emphasis on oil rent and institutional quality for a selection of oil exporting countries during the years 2002-2018 have been investigated using the GMM dynamic panel method. For this purpose, the multidimensional index of financial development of the International Monetary Fund and the index of good governance have been used. Findings show that oil rent has a negative effect on financial development, access to financial institutions and markets, depth of financial institutions and markets, financial market efficiency and a positive effect on the efficiency of financial institutions. Institutional quality also has a positive effect on all aspects of financial development, including the development of institutions and markets. Inflation is inversely related to financial development, access and depth of financial institutions, depth and efficiency of financial markets and directly related to efficiency of institutions and access to financial markets. GDP in the countries under study has a negative effect on all variables except the efficiency of financial institutions and population density has a positive effect on all dependent variables except access and efficiency of institutions and efficiency of financial markets. As a result, it is suggested that governance indicators be improved to achieve financial development and with proper management of oil resources to prevent its adverse effects.

Resources are the foundation of economic growth. With speedy economic and population growth, economic growth is facing a scarcity of resources worldwide. Resource-economy co-ordination has become every government’s main focus in reaching strategic development goals in countries that are on the path of rapid economic development. Sustainable economic development in a country requires resources and secure environment. Nowadays economic growth is facing serious limitations in resources and environment, which is an unavoidable stage in the process of industrialization. The purpose of this study is to inspect the effect of oil dependence and institutional quality on economic growth with the Panel VAR approach. In this regard, 14 developed countries and 10 developing countries between the years 1995-2019have been selected. The results of the research with reaction functions tells us that the shock from the institutional quality index economic growth in developing countries is negative in the primary stages and turns positive later on, but in developed countries is positive throughout the period. Moreover, the shock of renting crude oil in developing countries affects economic growth positively at first and when reaching its final stages this trend becomes negative. Also, the shock of renting crude oil has only a positive effect in the first periods and other periods have a negative effect. In the end the oil share shock is positive at first and later on has a negative effect on economic growth, but in developed countries has positive affect at first and later on of the period, but has a negative affect on economic growth in the middle.

The aim of this study is to examine the effect of oil rent on corruption within the Selected Middle East and North Africa’s oil-rich countries (MENA) by using a panel data model over the period 2003 to 2016. For this purpose, the effect some control variables such as oil production, economic openness degree, democracy index, political right index, individual liberties index, per capita production and inflation on corruption has been considered. The results showed that oil rent has statistically significant negative impact on corruption index. Economic openness degree increase and democracy improvement and institutional quality improvement significantly decrease corruption. However, other control variables have not significantly effect on corruption index. In addition to, institutional quality variable as moderating index of relationship between oil rent and corruption was been considered but its significant effect on the relationship between these two variables was not been confirmed.