RT - Journal Article T1 - Analyzing the Effect of Natural Resources Perpetuity Rule on Oil and Gas Revenue Allocation: A Dynamic General Equilibrium Approach JF - JSE YR - 2013 JO - JSE VO - 4 IS - 11 UR - http://jemr.khu.ac.ir/article-1-590-en.html SP - 49 EP - 76 K1 - Exhaustible Resources K1 - Intergenerational Justice K1 - Size of Public Sector K1 - Computable General Equilibrium. AB - The purpose of this paper is to introduce the “Natural Resources Perpetuity Rule” in the allocation of resources revenue. We also analyzed the potential impacts of implementing this rule on oil and gas revenues in Iran. To do so, we employed a Computable General Equilibrium Model which is calibrated based on 2010 Micro Consistent Matrix. We assumed an open economy with different sectors such as oil and gas, public services and other activities. Assuming exhaustibility, we measure the impact of different saving rates from Resources Revenue (SR) on welfare, size of public sector, activity levels and exports. We found that the more the SR, the more the welfare loss in first years, the higher the long-run welfare path, the more the non-oil export and the less the size of public sector. LA eng UL http://jemr.khu.ac.ir/article-1-590-en.html M3 ER -