Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports …This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil … regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run …