An examination of the problems of economic growth and structural change in oil-exploring economies which focuses on the experience of Iran. The author argues that oil income can make a substantial contribution to industrial growth, subject to the adoption of appropriate policy measures.Appendix 1.1 Determinants of private investment 1 Introduction In this appendix we shall attempt to specify and estimate a ... Consider a flexible stock adjustment investment process of the following form: /iw*r-^-i)+pjaamp;-i. where IP, K* and Kanbsp;...
|Title||:||Oil, State, and Industrialization in Iran|
|Publisher||:||CUP Archive - 1990|