Employing Oil Revenues in Selected Rentiere countrie  with reference to Iraq for the period 1990-2013

Submitted

To the Council of College of Administration and Economics – University of Karbala

In partial Full fultiament of the Requirements for the Degree of  Master in Economic  Science

Hussein Abdul-Karim jaaz al-Shammari

Supervised By

Assistant Professor

      Dr.  AL-Amery Muhammad Ali Hameed

Many studies and research on about subject of oil being President supplier for budget and most of the producing countries, particularly developing countries, economies, and for the consuming countries it represents the need (demand) him, which calls for deepening the merits of the sources and methods of discovery and production in order to benefit from the advantages arising from the export or import as well as when used in domestic consumption, but, despite the great importance him huge returns achieved by not see the development in the field of economic and social development, suggesting the abuse of such proceeds and thus a negative impact on the overall economy of the oil countries, especially what happened in the state of Iraq and that oil revenues rose from 15.51 billion dollars in 1990 to 89.402 billion dollars in 2013, equivalent to doubling to nearly six times but still the economy hostage to world prices, as Pantashha recovering Iraqi economy and vice versa. as Iran’s oil revenues rose from 21.420 billion dollars in 1990 to 61.923 billion dollars a year 2013, meaning it has doubled to nearly 3 times but the percentage of affected world prices for oil less than Iraq because of the presence of non-oil economic resources contribute to the general revenue.

With regard to the United Arab Emirates, where oil revenues of 22.414 billion dollars, rose in 1990 to 126.307 billion dollars in 2013, ie it has doubled to nearly 6 times, but it is the best sample countries in the aspects of economic development because it has worked to diversify their sources of income, as well as optimal utilization of oil revenues to the development of non-oil sectors.