The Iranian economy under the Islamic Republic: institutional change and macroeconomic performance (1979-1990)
Article Abstract:
The Islamic Republic of Iran failed to bring about perceptible institutional reforms and introduce successful macroeconomic policies during 1979-1990. Its institutional setup does not allow public scrutiny of the fiscal process and government distribution of oil rents. The intended distributive justice of the populist Islamic regime failed to serve the target beneficiaries. This is evident from rising unemployment, worsening income distribution, and declining per capita real GDP. The decline in oil revenues and its war with Iraq has led to a balance of payment crisis.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Environmental capital and sustainable income: basic concepts and empirical tests
Article Abstract:
A simple Keynesian framework was shown adapted for the determination of sustainable income. The adaptation involved the formulation of linear and nonlinear frameworks of income determination. This framework determines income by aggregate demand measurement of output while the price level is constant. Efficiency improvements were found in the utilization of environmental capital and possible convergence between the sustainable and actual income paths.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Government debt, income distribution and growth. Uneven development and the liberalisation of trade and capital flows: the case of Mexico
- Abstracts: The low pay commission and the national minimum wage. Designing and implementing in-work benefits
- Abstracts: The transition at mid decade. Endogenous growth without scale effects. Enterprises and workers in the transition: econometric evidence
- Abstracts: The permanent income hypothesis: evidence from the consumer expenditure survey. An empirical analysis on the substitutability between private consumption and government purchases
- Abstracts: What triggers market jitters? A chronicle of the Asian crisis. The impact of the listing of options in the foreign exchange market