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. and Eghbali,A. R. (2011). Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis. (e153). Research Letter of Political Science, vol.6(No 3), e153
MLA
Gorgi,E. , and Eghbali,A. R. . "Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis" .e153 , Research Letter of Political Science, vol.6, No 3, 2011, e153.
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), e153.
CHICAGO
E. Gorgi and A. R. 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): e153,
VANCOUVER
Gorgi E., Eghbali A. R. Study of a Rentier Economy with an Emphasis on Political Business Cycles: A Theoretical Analysis. Ipsa Journal, 2011; vol.6(No 3): e153.
