A SURVEY OF THE IMPACT OF OIL PRICE ON ECONOMIC GROWTH OF IRAN BY THE COMPARISON OF ECONOMIC SECTORS PERFORMANCE

The fluctuations of oil price and its effects on economic growth after oil crises in 1970s and the crisis of full sanctions against Iran economy in recent years based on nuclear energy are the major economic issues in Iran. The present study investigates the relationship between oil price and economic growth of Iran. The results of study showed that Iran as one of the great oil export countries had great oil shocks and negative effects. The adverse outcomes of these impacts obliged the authorities of Islamic Republic of Iran to reduce Iran economic oil-dependency and apply resistive economy based on economic planning in the framework of executing plans in a good schedule.