Economics, Econometrics and Finance
8 years ago

Iran's Oil Boom: High Expectations Turn into Mediocre Economic Performance

Contributions to economic analysis
Chapter 9 Economic Growth and Economic Policy in Iran: 1950–2003
Ahmad R. Jalali‐Naini

Paper Summary

Related papers

Theme background image
Social Sciences
6 years ago

University students' quality needs drive education improvements, Kano model reveals.

Education Technology
Governance Studies
Education Trends
6 views
Economics, Econometrics and Finance
8 years ago

Zimbabwe's Economic Woes Worsen as Import Constraints Stifle Growth

Resource Curse
Infrastructure Impact
Economic Growth
3 views
Economics, Econometrics and Finance
8 years ago

Governments Can Manipulate Prices by Adjusting Taxes, Impacting Household Wealth

Infrastructure Impact
Macroeconomic Analysis
Fiscal Policy
4 views

The article discusses Iran's economic growth from 1950 to 2003. It identifies three growth periods with different policies. Before the oil boom, Iran had high GDP growth and low inflation. However, the oil boom led to inflation and instability. Despite high investment in physical and human capital, economic growth remained average. The study suggests that Iran's economic problems stem from inadequate institutions, distorted prices, and policy issues.