The International Oil Rent in the National Oil-Exporting Economies
This article aims to present an analysis of both the causes of the oil rents in the global oil market and an alternative approach to recording the growth in national oil-exporting economies. In addition, the article also offers an overview of the Rent Capitalism Economic Theory as a peculiar economi...
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| Xuất bản năm: | URI:https://journals.openedition.org/ried, |
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| Tác giả chính: | |
| Định dạng: | Article ou chapitre numérique |
| Ngôn ngữ: | Anglais |
| Được phát hành: |
Revue internationale des études du développement
2023
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| Những chủ đề: | |
| Truy cập trực tuyến: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Tóm tắt: | This article aims to present an analysis of both the causes of the oil rents in the global oil market and an alternative approach to recording the growth in national oil-exporting economies. In addition, the article also offers an overview of the Rent Capitalism Economic Theory as a peculiar economic development model, delivering an illustration based on the Venezuela System of National Account (1997 - 2014). Calculations of the International Oil Rent as a separate part of the national income serve to understand the performance of national oil-exporting economies. Finally, the article also proposes four indicators to measure the performance of such economies: Oil Sector Non-Rent GDP, Non-Oil Sector Non-Rent GDP, Non-Rent Total GDP and International Oil Rent. |
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