The impact of oil revenues on the pre‐revolutionary Iranian economy
Bibliographic Data
| ID | 10279820 |
|---|---|
| Authors | Robert E Looney (0000-0002-1252-1319, corresponding author) |
| Year | 1985 |
| Volume | 21 |
| Issue | 1 |
| Pages | 61-71 |
| Publication date | 1985-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Middle Eastern Studies (JOURNAL) |
| Journal identifiers | ISSN: 0026-3206 • E-ISSN: 1743-7881 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/00263208508700614 |
| OpenAlex | W1997894138 |
| Language | EN |
| References cited | 5 |
The role played by the export sector in pre-revolutionary Iran was both straightforward and complex. It was straightforward in that any casual examination of the historical record easily shows that oil exports were by far the largest (Table 1) and most dynamic individual item in the country's export sector. Similarly, revenues from oil dominated the government's fiscal resources. Generalizations about the sector's impact on the overall economy are much harder to make, however. Many links that may have existed between the oil sector and the rest of the economy are not nearly as apparent as their above contributions. As a result the precise magnitude of their strength has been a matter of controversy in the literature for some time.' The main purpose of the analysis below is to identify the nature and degree of the petroleum sector's impact on the economy. The results, it is hoped, will provide additional insight into the dynamic mechanisms responsible for one source of the tensions building up to the revolution, that is, an empirical estimate of the oil sector's impact during 1959-73 versus that for 1959-77 should help identify those areas of the economy which were the chief beneficiaries of the 1973 oil price increase and those that were affected to a lesser extent. While a complete analysis of the economic factors responsible for the Iranian revolution are beyond the scope of this note, the results are suggestive of several areas that might provide insights into several of the economic factors contributing to the eventual revolution
Casual · Economic sector · Economics · Economy · Government (linguistics · Government revenue · Political science · Revenue · Scope (computer science · Market Dynamics and Volatility · Natural Resources and Economic Development
| Highly cited | No |
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