studying the impact of oil shocks on the sustainable development of petroleum exporting countries

It is essential to carefully consider the management of underground resources, given their abundance and the significant role they have historically played in providing iran with financial resources. however, oil shocks negatively affect the economy of petroleum-exporting countries due to fluctuating oil prices and their dependence on the global economy. this study examines whether oil shocks significantly impact the sustainable development of petroleum-exporting nations. using econometric models and an autoregressive approach, it analyzes the effects of these shocks on opec countries from 2000 to 2019. the findings indicate that the resource curse afflicts these nations, with rising oil prices having no positive impact on their gdp. moreover, increasing oil revenues result in higher inflation, slower urbanization, and growing inequality, as reflected in the gini coefficient, all pointing to the presence of dutch disease. in conclusion, policymakers are urged to focus on reducing investment risk and formulating realistic long-term plans centered on sustainability indicators to achieve more stable development. oil shocks significantly influence the sustainable development of petroleum-exporting countries.