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.
Gorgi, E., & Eghbali, A. R. (2011). Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis. Research Letter of Political Science, vol.6(No 3), -.
MLA
Ebrahim Gorgi; Ali Reza Eghbali. "Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis". Research Letter of Political Science, vol.6, No 3, 2011, -.
HARVARD
Gorgi, E., Eghbali, A. R. (2011). 'Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis', Research Letter of Political Science, vol.6(No 3), pp. -.
VANCOUVER
Gorgi, E., Eghbali, A. R. Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis. Research Letter of Political Science, 2011; vol.6(No 3): -.
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