نوع مقاله : مقاله پژوهشی
عنوان مقاله [English]
Nowadays, the theory of political instabilities resulted from a rentier economy and a rentier state is once again criticized by academic circles and theorists in economic and political science. A majority of critics believe that empirical observations are not so much compatible with the instabilities resulted from this theory. Thus, this article tends to introduce instability as a factor creating economic fluctuations and study the case within the context of political business cycles. In fact, it attempts to discuss a new type of political business cycles which is a characteristic of rentier economies. This theoretical framework may be deemed as an exordium to design quantitative and technical models in the field of business cycles studies.