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Paper Information

Journal:   NAMEH-YE-MOFID   OCTOBER-NOVEMBER 2003 , Volume 9 , Number 4 (38 ECONOMICS); Page(s) 5 To 26.
 
Paper: 

A GLANCE AT THE REAL OIL REVENUE OF OPEC MEMBERS AND ITS DIVERSIFIED REFLECTIONS

 
 
Author(s):  FARSHAD GOHAR N.*
 
* 
 
Abstract: 

This article tries to examine one of the most fundamental problems of oil producing countries i.e. their inability to have access to the real oil revenue of their own countries. Thus, while deliberating on the economic, political, and social consequences, the author discusses the effects of a decrease in the oil price on the economy of these countries and presents a simple model for estimating the effect of the dollar exchange rate on the global demand and supply of oil. Taking into view the fluctuations of dollar, the study also estimates the U.S. share of the whole global demand.

Hence, the direct effects of rile-real value and purchasing power of one barrel of oil, global inflation and the dollar exchange rate and on the value of each barrel of oil are examined and tables related to purchasing power of each OPEC barrel of oil in the last two decades have been presented. Appling IMF Index, a real and nominal value of OPEC oil is provided. At the end, to defend the real price and oil revenue of the OPEC, some practical solutions are proposed.

 
Keyword(s): REAL OIL REVENUE, THE ECONOMIC AND POLITICAL CONSEQUENCES, OPEC MEMBERS
 
References: 
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