Fiscal response to fluctuating oil revenues in oil exporting countries of the middle east
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2001, Issue 101-140 (31 Dec. 2001)18 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2001-12-31
Country of Publication
Egypt
No. of Pages
18
Main Subjects
Topics
Abstract EN
Using panel data for five Middle Eastern oil-exporting countries, I have investigated the impact of fluctuations in these countries’ oil revenues on their budgetary decisions.
My focus is on how revenue fluctuations are correlated with changes in the relative shares of various expenditure categories.
The estimations revealed that the budget shares of Defense and Economic Affairs and Services were positively correlated to oil export revenues.
Social expenditures, on the other hand, showed a negative correlation.
These statistical results could imply that since social expenditures are politically more important, they are shielded against fluctuations in oil revenues.
The burden of budget cuts fall more on capital expenditures and defense.
American Psychological Association (APA)
Habibi, Nadir. 2001. Fiscal response to fluctuating oil revenues in oil exporting countries of the middle east. Economic Research Forum : Working Paper Series،Vol. 2001, no. 101-140.
https://search.emarefa.net/detail/BIM-151061
Modern Language Association (MLA)
Habibi, Nadir. Fiscal response to fluctuating oil revenues in oil exporting countries of the middle east. Economic Research Forum : Working Paper Series No. 101-140 (Dec. 2001).
https://search.emarefa.net/detail/BIM-151061
American Medical Association (AMA)
Habibi, Nadir. Fiscal response to fluctuating oil revenues in oil exporting countries of the middle east. Economic Research Forum : Working Paper Series. 2001. Vol. 2001, no. 101-140.
https://search.emarefa.net/detail/BIM-151061
Data Type
Journal Articles
Language
English
Notes
Includes appendix.
Record ID
BIM-151061