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The purpose of this paper is to investigate the economic impacts of inter-generational allocation of exhaustible natural resources. We quantify the potential impacts of implementing this on oil and gas revenues in Iran. We employ an overlapping-generations computable general equilibrium model...
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government consumption expenditures have competing effects. …
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1971 - 2005. The government expenditures are disaggregated into consumption and investment expenditures.The empirical … expenditures complement and stimulate private investment, while the government consumption expenditures have been crowding out …
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