Income Distribution, Rate of Crude Oil Exports and Economic Growth Rate in the Iranian Economy: with Regard to Globalization

Abolfazl Talebi, Houshang Yavarpour, Hasan Valian

Abstract


In today's complex world, the fair distribution of revenues and demand management play an important role in planning the energy sector of the oil-exporting countries and poverty reduction in such countries. This is because the oil is considered as one of the most important factors and parameters for the economic security of the country. On the other hand, a fair distribution of the incomes can enhance the intellectual security and mental health of the community. The aim of this paper is to analyze the relationship between economic growth, income distribution and crude oil export using annual time series data in the course of 28 years from 1981 to 2009. To analyze the data regression analysis was used. The results indicated that there is a negative and reverse relationship between the income distribution and economic growth rate, and there is a positive and direct relationship between the amount of crude oil export and economic growth.

Full Text:

PDF 135-144

References


Abdullahi, A. I. (2017). Does Export Diversification Boosts Economic Growth in Sub SaharanAfrica Countries? Economics.

ALVAREZ SERRANO, Y., DE BORTOLI PURAT, R., Pozzetto, D., & Romano, P. (2016). 80/20 Principle: Application in Manufacturing Companies. EUROPEAN ACADEMIC RESEARCH, 4(4), 3808-3820.

Ang, J. B. (2010). Finance and inequality: the case of India. Southern economic journal, 76(3), 738-761.

Banduka, N., MaÄužić, I., Stojkić, Ž., BoÅ¡njak, I., & Peronja, I. (2016). USING 80/20 PRINCIPLE TO IMPROVE. Proceedings of the 27th DAAAM

International Symposium, pp.0487-0492, B. Katalinic (Ed.), Published by DAAAM International, ISBN 978-3-902734-

-2, ISSN 1726-9679, Vienna, Austria.

Beckford, G. L. (1999). Persistent poverty: Underdevelopment in plantation economies of the third world: University of West Indies Press.

Bronfenbrenner, M. (2017). Income distribution theory: Routledge.

Cavalcanti, T. V. d. V., Mohaddes, K., & Raissi, M. (2011). Growth, development and natural resources: New evidence using a heterogeneous panel analysis. The Quarterly Review of Economics and Finance, 51(4), 305-318.

Champernowne, D. G., & Cowell, F. A. (1998). Economic inequality and income distribution: Cambridge University Press.

Dunleavy, P. (2014). Democracy, bureaucracy and public choice: Economic approaches in political science: Routledge.

Enowbi Batuo, M., Guidi, F., & Mlambo, K. (2010). Financial development and income inequality: Evidence from African Countries.

Farzanegan, M. R., Khabbazan, M. M., & Sadeghi, H. (2016). Effects of oil sanctions on Iran’s economy and household welfare: New evidence from a CGE model Economic welfare and inequality in Iran (pp. 185-211): Springer.

Gilpin, R. (2011). Global political economy: Understanding the international economic order: Princeton University Press.

Hoekman, B. M., & Kostecki, M. M. (2009). The political economy of the world trading system: the WTO and beyond: Oxford University Press.

Hvidt, M. (2013). Economic diversification in GCC countries: Past record and future trends: Kuwait Programme on Development, Governance and Globalisation in the Gulf States, 27. London School of Economics and Political Science, London, UK.

Koch, R. (2011). The 80/20 principle: the secret to achieving more with less: Crown Business.

Leigh, N. G., & Blakely, E. J. (2016). Planning local economic development: Theory and practice: Sage Publications.

Mahdavy, H., & Cook, M. (1970). The patterns and problems of economic development in rentier states: The case of Iran. life, 1000(1).

Malik, A. (2016). The Political Economy of Macroeconomic Policy in Arab Resource-Rich Economies. Paper presented at the Economic Research Forum Working Papers.

Meyer Bittencourt, M. F. (2006). Financial Development and Inequality: Brazil 1985-99. University of Bristol. (06/582)

Nolintha, V., & Lau, S. Y. (2015). Lao PDRʼs Economic Growth: the Role of Capital Accumulation and the Natural Resource Sector. Reitaku International Journal of Economic Studies, 22, 49-69.

Pareto, V. (1984). Manual de economia política: Abril Cultural São Paulo.

Platteau, J.-P. (2015). Institutions, social norms and economic development: Routledge.

Ravallion, M. (2017). Poverty comparisons: Routledge.

Shahbaz, M., & Islam, F. (2011). Financial development and income inequality in Pakistan: an application of ARDL approach. Journal of economic development, 36(1), 35.

Simatele, M. (2015). Access to financial services and poverty: perspectives from South African household data. Africagrowth Agenda, 10(Oct/Dec 2015), 20-23.

Taylor, S. D. (2016). Business rights and ethnic exclusion in sub-Saharan Africa: Addressing group-based inequality through business rights reform: WIDER Working Paper.

Zhao, Y. (2008). Communication in China: Political economy, power, and conflict: Rowman & Littlefield Publishers.


Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

World of Researches Publication