OIL PRICE FLUCTUATIONS AND HOUSEHOLD WELFARE IN IRAN

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HASSANZADEH MOHAMMAD; SADEGHI HOSSEIN; YOUSEFI ALI; SAHABI BAHRAM; GHANBARI ALI

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Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2013 | Volume:12 | Issue:4 Page(s): 55-77

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Title

OIL PRICE FLUCTUATIONS AND HOUSEHOLD WELFARE IN IRAN

Author(s)

Keywords

OIL PRICES FLUCTUATIONQ2

CGE MODELQ2

HOUSEHOLDS WELFAREQ2

Abstract

In this paper the impacts of oil price fluctuations on the household welfare for different income groups have been studied using computational general equilibrium model. Equivalent Variation (EV) criterion is also used to evaluate changes in household welfare. The results show that oil price fluctuation has a greater impact on income, expenditure and welfare of urban households compared with the rural ones. In other words, dependence of urban household income on oil price is stronger in comparison to the rural ones. It has also been revealed that an oil price increase is more effective than the price reduction on household welfare, income and expenditure. Ratio of EV to total expenditure is almost the same for the poor and rich households, implying that both of them suffer a percentage of welfare loss in the same way.

Cites

OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK

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APA: Copy

HASSANZADEH, MOHAMMAD, SADEGHI, HOSSEIN, YOUSEFI, ALI, SAHABI, BAHRAM, & GHANBARI, ALI. (2013). OIL PRICE FLUCTUATIONS AND HOUSEHOLD WELFARE IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 12(4), 55-77. SID. https://sid.ir/paper/86675/en

Vancouver: Copy

HASSANZADEH MOHAMMAD, SADEGHI HOSSEIN, YOUSEFI ALI, SAHABI BAHRAM, GHANBARI ALI. OIL PRICE FLUCTUATIONS AND HOUSEHOLD WELFARE IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2013;12(4):55-77. Available from: https://sid.ir/paper/86675/en

IEEE: Copy

MOHAMMAD HASSANZADEH, HOSSEIN SADEGHI, ALI YOUSEFI, BAHRAM SAHABI, and ALI GHANBARI, “OIL PRICE FLUCTUATIONS AND HOUSEHOLD WELFARE IN IRAN,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 12, no. 4, pp. 55–77, 2013, [Online]. Available: https://sid.ir/paper/86675/en

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