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محددات سعر نفط منظمة أوبك في ظل سوق النفط العالمي

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(1) . ï¾bÈÛa@ÁÐäÛa@ÖìŽ@ÝÃ@À@Ùiëc@òàÄäß@ÁÐã@‹ÈŽ@pa†‡« @ @2008@M1970@òîŽbîÓë@òîÜîÜ¥@òŽaŠ†  ‫ د  אو‬ ‫ אمא دא د‬.  .  &‫و‬L! " #$     ( Abada_raouf2007@yahoo.fr ).  .  .  W' ?.41 5‫א‬, ‫אא‬617‫"אز‬9‫و‬:"‫و‬74;2 <=>)*‫א‬+‫א‬,-./0 ‫אא‬1 2‫ و‬3 ‫& ذج‬$ FG -"*‫א‬+5‫א‬HIJ"-1 KL‫ *א‬M‫!א‬N":‫ وذ‬،A5 ‫=<א‬2‫)قא‬,C X+‫" *א‬5‫א‬RV"‫د‬5‫א‬AVW‫א&א‬U‫)'אمذجא‬T"،-=‫ > *א‬- ‫א‬P‫وא‬Q &RS-O & Q  :"‫و‬7 4;2  A_ -3‫ א‬،<=2‫ א‬Q  :"‫و‬7 4;2  ‫  ض‬F *‫א‬+  YZ [  \ 2"(MCO)‫א د‬ 42‫ لא‬،<=2‫א‬Q  #‫א د‬-42‫א ونوא‬4;2 a_،:"‫و‬74;2 ‫ &ج‬b<=2‫> جא‬9،<=2‫א‬   ‫=<>;אد‬2‫) &א‬fe"g 2‫א‬Qhi‫د‬jk>e>7J S/-3 ،EA5 ‫ א‬#‫א د‬  K<=2‫) &א‬7[ lgS- >‫و‬-4mb‫א* א‬+  ‫ذج‬42‫ א‬KMCOX+‫" *א‬5‫א‬R_ ،:"‫و‬74;2 ،-V=2‫ز *א‬f‫א‬،<=2‫)א‬W! =5‫ *א‬4h‫א‬  . W R5‫א‬. 6s‫ אאعאא‬r )7371‫و‬، V‫  د&א‬P-oJ"-41f‫א‬/-3Q ‫ول‬f‫א‬pm5‫=<א‬2‫א‬,q -5 ‫ א‬ru‫ א‬r R 7  e-417 *‫زدאد‬9‫ و‬،v25‫ אول א‬P ‫ و‬F2-"   w ‫  א‬Xxh‫ אول א‬J" {‫אولא‬Q ,m[ -5 ‫ &א‬l7 |eS& K‫) &א }ولو‬7~> m 5‫و‬، F-ye #‫وאو&א‬،-> z‫א‬ a-2‫ نא‬m‫و‬e)[  V-‫لא‬3M$‫ نאאع א‬m،e VS{‫ضא }ولوאولא‬S  5 F3‫ א‬P-4€-‫ א }و‬2‫*א‬h3‫?א{א‬P ‫א*א‬bf‫و?א‬7-5 ‫א‬P ‫ *א‬mNxmf‫א‬ ،-5 ‫=<א‬2‫"قא‬6h0‫وא‬،<=2v25‫< [אولא‬+,s )‫א‬X3Tm~> m{‫وא‬K-2 ‫ز‬ *M-S& h‫ &א* وא‬h3‫ א‬e‫ ‚   و‬3 &‫و‬m *ƒN> {‫ א‬:"‫و‬7 4;2  [  <+‫وא‬ ،& )f‫ *א‬RS‫و‬-5 ‫א‬-V=2‫א*א‬+5‫א‬v->* ‫ &„אא‬S‫ل‬.VR>~> m/-3K-‫א }و‬ v->:‫אوذ‬1 2 [3‫=<و‬2‫ א‬Nm‫א‬2   = ‫ د و‬3* RS†9<=2‫) &א‬7~b/-3  K F RS‫) &و‬f‫א‬+Sbˆ"‫و‬7,hN"~41 ){‫א*א‬lg5‫وא‬, ‫אא‬Q  4‡  WA ‫א‬A-s‫_!א لא‬Qhik ) [ ‫ \א‬2"  ‫؟‬A5 ‫=<א‬2‫)قא‬,C:"‫و‬74;2 <=>)*‫א‬+‫א‬,-.QhiX #7†9  . WASŠ‫لא‬MbQ ‫ع‬O5‫אא‬1‹  ‫ ول‬U‫و‬ 117.

(2) ‫‪ K1‬א‪&V‬א &Œ‪& )fA‬א‪2008 G†91959<=2‬‬ ‫‪617 K2‬אא ‪,‬א‪& )7 lg5‬א‪<=2‬‬ ‫‪ K3‬א&א)א‪-) -R‬دא*)>=< ‪74;2‬و"‪ :‬‬. ‫‪ J1‬א‪&V‬א &Œ‪& )fA‬א‪ K2008 G†919592)Q <=2‬‬ ‫‪ J1 J1‬‬. ‫א= ضא‪& )f‬و>‪4;2  ƒN‬אولא‪7F<=2 &5‬و"‪OPEC E:‬‬. ‫و ‪7‬وא‪  ,s‬م ‪ ~  1959‬א‪ * mN‬א‪ -V=2‬א   ‪p2y‬و‪ -='" M‬א‪ & )f‬א‪<=2 25‬‬ ‫א‪ W‬م א=‪p2‬و‪ 3,07Q  A‬دو& ‪ 2.92†9 ,- x‬دو& ‪ ,- x‬وذ‪& :‬دًא  [ א‪VW‬א* א{ א‪ FS‬‬ ‫א‪ hu‬א=‪p2‬و‪ ‡-‬ل‪ O,S‬א‪[ ,b‬א‪Q  F3PySAh F=>* mN‬אא‪s‬‬ ‫א‪،-V=2‬و‪ K‬و"~א‪& )f‬א‪<=225‬א‪Ah f‬وא"‪A‬א‪ W‬م ‪1P‬אא= ض"ƒ) &א‪ W‬م‬ ‫א=‪p2‬و‪A‬وذ‪Mb:‬ل’‪,- ")= y،1959#=-yF‬א‪<=2‬א‪ 3.14“ -Ah f‬دو&‬ ‫ "‪e‬א= ض)" ‪,-‬א‪<=2‬א"‪A‬א‪ W‬م‪1.94“ -‬دو&‪K‬و"ز*&دودא=‪,‬א"‪? K-‬‬ ‫ذ‪:‬א'=‪ F_=>& )ƒ"-‬א‪ W‬م‪،‬وذ‪MbQ :‬لد ‪5A" 4”g R †9 FS‬א‪F‬א‪H5‬‬ ‫א•‬. ‫א د&‬. ‫ ‪Q‬‬. ‫א‪* mN‬‬. ‫א‪-V=2‬‬. ‫א‪Xxh‬‬. ‫و‪ FS h3‬‬. ‫א‪ > 5‬‬. ‫‪VW‬א‪  FS‬‬. ‫א~>=‪Ke‬و‪h1‬אא>‪”g R‬א }ولא"‪A‬א‪f‬ولא‪Mb 1 R‬ل‪ ,y7‬م‪ 1959‬و‪&$7‬‬ ‫‪o‬א&א*"‪F‬אא‪ƒN‬ن‪،‬و‪ m‬ن ‪:S617Q‬א‪R‬א&א*ذ‪:‬א‪R‬א&א‪ W‬ص"ƒ) &א‪<=2‬א"‪A‬א‪ W‬م‬ ‫" א*‪,7Q * mNF -$S,h’[ \ /-3‬א‪ N‬و& ‪P‬א‪* hu‬א"‪-‬א‪-25‬‬ ‫ ‪9,‬א\‪,h-1,S#7‬א‪& )f‬א‪7G،25‬نא‪>~1 K* mN‬א\א‪& Vf‬א"‪-‬وא)‪*4‬‬ ‫‪ A1‬و‪9  FS h3‬א\א‪ FS‬א=‪p2) -‬א א‪=2‬ط א"‪ -‬א‪ ?1 ~ ƒy ،-b‬א‪* mN‬‬ ‫‪Mb‬ل’‪7F‬و* م‪9[ 1960‬א\=‪b˜-‬א‪& )f‬א‪<=225‬א"‪A‬א‪ W‬م‪،<Ry‬و"‪:‬‬ ‫‪ “ $7‬א א‪ <=2 Q5‬א"‪ A‬א‪ W‬م }אو! "‪ E 1.84 – 1.80 F J‬دو& ‪ ،,- x‬و "‪1 ,‬א‬ ‫א'=‪& )7* l،-‬א‪<=2‬א‪Ah f‬א‪ W‬م ‪3.142‬دو&‪K,- x‬‬ ‫و [‪l9‬א'=‪* -‬א{‪* m’ FS7‬א‪<=2‬א‪& )7[ Xxh‬א‪<=2‬א"‪A‬א‪ W‬م‪*،‬‬ ‫‪ N‬و&א* "‪ * h3 J‬א‪ & Vf‬א"‪ -‬א‪ v25‬وא‪9 { h3 P  <=2 &5‬אن و‪p2y‬و‪,7 Q  M‬‬ ‫א ذ‪S‬א" ‪* RSe" 3‬א‪& )f‬א‪6F_=225‬א‪ W‬مאقא ‪،-5‬وא~ذא‪eS‬‬ ‫"‪ * h3 *7‬א‪ & Vf‬א‪O š&S <=2 v25‬و& ‪ ™9‬د ‪5 AV=> P4K‬א‪ :S F‬א‪* mN‬‬ ‫و‪ FS h3‬א‪f‬م ‪hS‬ن ‪ eS e‬א‹‪ ,7 Q  - 4‬א‪ [  C =u‬א‪z‬وא* א‪ F" 0$7 61&  " -V=2‬‬ ‫א‪ mJ-R-Ru‬א‪1[ 6FSV-‬אא‪&5‬دא‪ K#-u‬‬ ‫‪/-3‬د ~א‪ hu‬אא‪†9-‬א‪ 4‬ع‪6‬אولא‪Xxh‬א‪}  &5‬ول‪،‬وא>‪R‬א‪ 4‬ع‬ ‫"‪+‬אد  א=}  ‪9 Q  ,m Q  Jz›&œ 1960x4 ) 14†9 10 Q‬אن و אאق وא‪~h‬و‬ ‫אدو‪p2y‬و‪ KM‬‬ ‫‪118‬‬.

(3) ‫وא> ‪Q kz‬א‪ 4‬ع ‪R‬א‪\ N>9- =S‬א‪f‬و"‪4;24m:‬دא‪4s‬ذא*‪ -m‬ندو‪es  7A‬א‪)g5‬ن‪61‬‬ ‫אول א‪ 4W‬א{ ‪ *3‬א‪ 4‬ع "‪+‬אد‪ ،‬و ‪  F-vS‬א‪ 6 f‬א‪ ،1960 x4y>  05‬و א‪*b‬‬ ‫‪)F H-2‬א‪R  E‬א | ‪ 6l F‬א>‪F 2--y †9 " 4-y 1R  ,R‬א‪ ،E E 42‬و ‪7 Q 7‬ن ‪& " ,m‬‬ ‫‪Q 4F * -4m‬א }ولא‪ W‬م‪7P-V‬ن “ אא‪9‬ذאوא‪[ ky‬א>‪ oT" e 4‬عא‪\  f‬‬ ‫א‪7[ ،J)g5‬ن‪hS‬ن  ‪ž  P F" N eu‬אولא‪& " F-9~4;>96l،\  f‬ج‪ 8‬دول‬ ‫‪ - -،1961VA1Xb7‬و‪>9‬و>‪،1962 --‬א‪& L‬א*א"‪-‬א‪6l،1968 05‬א‹‪p‬א‪1969s‬و‬ ‫א‪mL‬אدو& ‪ 1973‬و>‪ 1981 v-‬و א‪" +‬ن ‪ 6l 1985‬א>‪ Q  ,m ~ 0‬א‪mL‬אدو& و א‪" +‬ن د‪x4‬‬ ‫‪ 1992‬و >=‪[  1995A‬אא‪\  7R-A‬א‪  12[  - 34;25‬א‪/-3‬א>‪+>7~4‬‬ ‫‪،2007#=-y‬و‪4;2 ~RR3R‬א‪f‬و"‪ F-)ƒS2 :‬و‪ [3‬م‪"1970‬א‪ ŸL‬زא*א‪ž -" ™L‬‬ ‫‪ 1& V7‬א‪ * m’ ~> m 4-y ،\  f‬א‪ <=2‬א‪Mb ,hNS Xxh‬ل א=} ‪ O  4K‬א‪& Vf‬‬ ‫א‪ &m5‬وא‪A4;25‬א~ذא‪Ry،eS‬א)‪~ V‬א‪7 F > Q 4;25‬ن‪& )¡~" lX [  y .‬‬ ‫א‪=2‬طא‪ W‬م‪ 1& Vf‬א‪Q \  f‬א= ض‪ [3‬م‪ hy،1970‬ن)" ‪ b,-‬مא‪ -R‬سאد‪#‬‬ ‫‪ 1.80‬دو&א‪_,- x‬אل ‪R‬א‪ K* 2-‬‬. ‫‪& )7 J2 J1‬א‪1970{2)J"<=2‬و‪1985‬‬ ‫‪ J1 J2 J1‬א‪f‬ز א‪-V=2‬א‪f‬ول‪7W‬ز א‪ <=2‬م‪  2 ،1973m715*7"1973‬م‬ ‫‪ 4;2  \  7‬אول א"‪ -‬א‪7 <=2 &5‬وא"‪ Q  HƒS F :‬אول א"‪7 \  7 -‬و"‪†9 y OL " :‬‬ ‫و)& ‪M T"E‬ن‪PyAV=>;3‬אولא‪)9& L-"+‬א‪[ ,-s‬א‪Q r 0>L‬א‪&f‬א‪AO‬א"‪-‬‬ ‫א‪،1967r3‬‬. ‫‪74;2‬وא"‪ 9H) F>7~2 7:‬אدא*א‪ †9<=2‬א *א‪ 05‬وא אن‬. ‫א‪Xbf‬א{‪)9gS‬א‪$,-s‬א ‪ &)P  F‬و وאאق‪K‬وא~>=‪،e‬א‪7\  7k=S‬و"‪[ :‬‬ ‫א)'אم >=ذ‪ & )7 < O -7 [  61‬א‪ \ U7  <=2‬א ‪ Q  w‬א‪ & )7 Py& ,‬א‪,Ny " ، <=2‬‬. ‫א‪ =5‬و‪* m’P * O‬א‪<=2‬א;‪[4‬א{‪? F- k_7‬א‪bf‬א*א ‪?P‬و~) "‪Q k‬ذא*א‪ KFN‬‬ ‫و>;א)‪4‬א&א‪;u‬א‪AV=2‬א"‪pv £3Ry،A‬وא‪“O‬א‪5‬وضא‪ "AV=2‬قא‪،-V=2‬‬ ‫ "‪pSe‬אא‪aV‬א ‪;v->Fe- A5‬وא‪Eru‬و>‪> - yv-‬نאضوא‪7aV‬د‪X‬ذ‪:‬‬ ‫א‪GH5‬א‪5‬אزن"  ‪lƒS†9A‬א‪& )f‬א‪<=225‬א‪ W‬م‪)¤"/-3،‬א‪<=2‬א‪ W‬م‪3‬א‪10.4A‬‬ ‫دو&‪ ,- x‬م‪، 1974‬و’‪”g R  1977 -F‬א)‪Q4SwFm‬ز د )" ‪,-‬‬ ‫א‪ W‬م‪ 12.6†9‬دو&‪،,- x‬و‪S‬א~א‪R‬א&א*א‪Q " 2‬א‪ -‬د א_‪ -2‬א{א)}د‪ FS‬אولא‪-V=2‬‬ ‫‪; ~.‬א> &‪"m7r3‬א‪ K0‬‬ ‫‪  J2 J2 J1‬א‪f‬ز  א‪ -V=2‬א‪. VR> 1979 2) xS W-> z‬ل ‪& )7 &VS „& S  Xxm‬‬ ‫א‪ <=2‬א{ )‪ ~v‬א&‪ 6G&   QhS w * =S‬א‪L‬א\א* و אא" א{ א‪ FS‬א‪  m‬אو‪-‬‬ ‫‪ Q  0  V‬א&‪ =S‬ع א‪ & )f‬א{ ‪ 12.9Q  ~= S‬دو& ‪19†9 1978 2),- x‬دو& )‪2‬‬ ‫‪،1979‬و>=‪Y‬א‪ 2 "\AN‬א=&‪#‬א‪31†9p=#‬دو&" ‪ m‬ن ‪14.7¤‬دو&‪,- x‬‬ ‫‪119‬‬.

(4) ‫אא‪ ،3‬و‪1‬א א‪7 ~l3 e>ƒ" J  bf‬ز  _  ‪ a " R> b‬א‪Mb‬ل ‪S‬אزن א‪ * -4h‬א‪ "V5‬و‬ ‫א‪5‬و‪ KO‬‬ ‫‪f y‬ز א‪ V‬א‪ a "~l3-> z‬مא&‪ =S‬عא‪* v25‬א‪ V‬א "‪، m,hN‬و"‪) S‬‬ ‫ א‪ =2‬ذ א‪ A- V‬א| ‪4 ,s‬אد א‪  V‬א‪5‬و‪y‬א‪ J" ¥ = -+S  a S #‬א‪ aV‬א‪# V‬‬ ‫א‪Q h‬وאضא‪AV=2‬אو&‪K#‬‬. ‫‪& )7  J3 J1‬א‪1986{2)J"<=2‬و‪ 1999‬‬ ‫‪  J1 J3 J1‬א‪f‬ز  א‪ -V=2‬א‪ ?1 *\  R Wm 5‬א‪f‬ز    ‪   m‬א‪ -V=2‬א‪f‬و†‬ ‫א‪7 /-3 ،-> z‬ن ‪ JS 1‬א‪ 4| ~> m JSbf‬א‪ lf‬א•  [ אول א‪ - 2‬א‪ Xxh‬א‪hF5‬‬ ‫‪ ~v) Q7 ،<=2‬א‪=S  *   & )f‬א >‪ v-‬א= ض א‪ L‬אدא* א‪ -V=2‬وز د א‪ 7 ،aV‬‬ ‫‪7‬ز א‪-V=2‬א‪z z‬وא{"‪ hy،1986#=-y*7‬ن| א‪lf‬א• [אولא‪<=2v25‬‬ ‫‪ F R‬دول א‪f‬و"‪ v-> :‬א= ض  א‪ a " ،->  *   †9 & )f‬ز د א‪5‬وض א‪Q  AV=2‬‬ ‫א‪ aV‬א‪،AV=2‬وذ‪ Q  ,m ~  2 :‬אد و א‪ $ Py" ~h‬د&א‪ FS‬א‪7 › ،-V=2‬د‪†9 X‬‬ ‫א= ض‪& )7‬א‪10†96l15.20†9<=2‬دو&‪،,- x‬و ‪P‬و‪$‬لא‪†9& )f‬و‪1‬אא‪،u‬א=~‬ ‫ ‪s‬א*א‪p2y، v->Q ,h<=2‬و‪،M‬א‹‪p‬א‪s‬وא>و>‪،& -  9†9 5Wr --‬و [‪1‬אא‪ )f‬س‬ ‫‪ F-4S[ “V$7‬א‪f‬ز א‪-V=2‬א‪Q H F>f-h‬א‪f‬ز ‪J‬א‪f‬و‪/-3Q J-‬אŠ‪Qh،& l‬‬. ‫א ‪a‬א‪š}N A-s‬وא‪MbL "k#‬لא‪* -4h‬א‪"V5‬وא‪5‬و‪ K<=2O‬‬ ‫‪7 J2 J3 J1‬ز א‪~OSW1991L1990¦-W‬אقא }و‪-‬א ‪"-5‬אא‪f* 2-‬ز ‬ ‫‪ 3‬د " ‪a‬א‪* "VOL‬א‪-) -‬א{’‪RV2  FSF‬א‪N‬قא‪f‬و)<”‪r3~z‬א‪¦-W‬א‪F-> z‬‬ ‫א‪ru‬אא‪–-‬א‪6G "E19902)~h‬ذ‪~-R":‬א‪S& )f‬و!"‪16J‬و‪18‬دو&‪,- x‬אא‪3‬‬. ‫‪ K‬‬ ‫‪ J3 J3 J1‬א‪f‬ز א دא‪7W-)f‬د*א‪f‬ز א ددول‪’r2‬ق‪-+S†9 -)7‬‬ ‫ &א‪[ aV‬א }ول‪& -F> y‬א‪,b‬א‪A‬א‪&42A oL‬א‪3¤"-)f‬ودא‪l& h‬دول‬ ‫‪,z‬א>و>‪ --‬א{‪ F_ N>< 1‬א د‪œ#‬א‪>M  2 ":m٪15.5A‬א{א=د‪ Fb‬‬ ‫א‪A‬א‪œA oL‬א‪7"٪7A‬ن‪ m‬ن‪2) 42‬א*‪٪8r‬و¨‪,‬א= ض‪ 7‬دو‪,z - 2$‬‬ ‫‪ &m‬א‹‪ 4h> "-"2‬ش‪~> mR،٪2.5r&R‬و_ƒ א>‪& -F‬א د‪[  ’#‬א)‪?1šMF‬‬ ‫אول ‪Q‬א }ول‪ &mA=y‬א‹‪ >~+"Mz -"2‬א= ضא)'אمא }ول‪- 340#7٪15‬ن‬ ‫" ‪ -  ,-‬و ‪ A1‬א‪ HO Q  zmf‬א‪  &1‬א‪ ,b‬א‪ A‬א‪ A oL‬و ‪ + " xS‬א‪ &VW‬ول‬ ‫‪ K F>7/-3 OPEP‬وز*) ‪ O7‬א‪ p‬د  & "ƒ‪ -Ry9,z  F4m‬א{‪p‬دאدא‪aV‬א‪#2‬‬ ‫ [א }ول‪œ F-y‬א‪ - ,- "H750A‬و› زאدא‪\) f‬אא= ضא)‪šMF‬א‪ " -‬نœא‪180A‬‬ ‫‪ †9 HO7 -  ,- " H7‬ذ‪ :‬א‪  R‬א)‪ -R" šMF‬אول א‪ &42 " 45‬א‪، p-  -)f‬‬ ‫א>و>‪KKK --‬א‪ "7“ SAmª‬دא‪f‬ز وא‪Qh،0O‬א& א‪ )Ry ”4s QhSw-)f‬‬ ‫‪120‬‬.

(5) ‫א)‪4‬א&א‪42‬א|‪2‬وא‪J‬و"‪-R‬אولא‪[ -)f‬א ‪ 1Q 6Q‬طא)‪’šMF‬ق‬ ‫‪K -)7‬‬. ‫‪& )7  J4 J1‬א‪2000{2) J"<=2‬و‪ 2008‬‬ ‫ ‪20002)2‬א)‪& )7*R‬א‪35†925J"<=2‬دو&‪،,- x‬و‪P‬ذ‪†9:‬ز د א)‪šMF‬‬ ‫א ‪ a "<=2A5‬א‪x‬دא‪N‬א{ ‪,y*p-‬א‪\ N‬א *א‪ 05‬א‪-h f‬و‪7‬و&و" ‪،‬‬ ‫و‪m‬אאא‪as‬א ‪;1‬א{‪ FOy‬א‪* hu‬א‪f‬و&و"‪>7[ -‬אعאدא‪7 ›،='5‬د‪ †9X‬‬ ‫‪Q‬א‪VO‬א" *وא‪ >y*  v3‬و"‪7,m,4N -> V‬و&و" ‪ K‬‬ ‫و >;א ‪f‬ن א‪f‬و"‪  F>  :‬א‪R‬ن א‪ Q  3 xm7 :” ~> m QN‬א‪ >L‬ج א ‪ A5‬א م ‪<=2‬‬ ‫‪،E٪40F‬و‪Q ٪80 > 1  7:i‬א‪* _ -3‬א ‪Ty،<=2-5‬نא‪ m‬אو‪AIE  V-‬‬ ‫‪¡~)&7‬و"‪RS:‬א‪3‬لو‪PO‬אق‪،‬א‪ R> #‬אض«ل‪MbA ,- "JM  3‬ل‬ ‫א"‪P‬א‪f‬ول ‪ Q‬م‪،2000‬و‪[ ~V+O‬א‪Py4;25‬א‪ >L‬ج‪ ،‬و &س ‪Y=>Q‬א م ‪*R‬א‪f‬و"‪:‬‬ ‫א‪ 4‬وא*‪e-y‬א&א"‪3Py‬א‪ >L‬ج‪,- "500.000r‬א‪-‬م‪ 3،‬א&‪ =S‬عא‪Q & )f‬‬ ‫‪ 28Q zm7‬دو&‪Y=2" F >9-=4;24Qhi 4m،  202 ,- x‬א‪ 3،4-R‬‬ ‫א)‪4‬א&א‪ =L "& )f‬ض‪22Q ,7‬دو&‪ 7 N,- x‬م  ‪ K-‬‬ ‫و ‪"P‬א)‪S20012‬א~‪4-‬א‪22†928Q & )f‬دو&‪"*FCQhK,- x‬ذ‪37:‬א‪£‬‬ ‫)‪-) -‬א ‪7w‬د*‪†9‬א&‪ =S‬عא‪،Q & )f‬وא א‪O =>L "~> m‬א=‪-2-V‬א‹ ‪،‬و‬ ‫א‪ p-5‬א‪371-> z‬א‪x4 )11£‬א‪ -" 1&L‬א *א‪ 05‬א‪،-h f‬א{&د* [ذ‪# ":‬‬ ‫‪ ;2‬مא‪  V‬ن‪ > +y7‬ن‪~=S&Ty،‬א‪l9[ & )f‬ذ‪25J" :‬و‪27‬دو&‪ K,- x‬‬ ‫&‪76G‬ن‪:S‬א‪3f‬א‪ £‬د  ‪gS‬د‪†9#‬א&‪ =S‬ع ‪X‬א‪79،& )f‬ن)א‪<=2‬א‪ W‬م‪74;25‬و"‪~-R":‬‬ ‫ ‪ › R *  2‬ل [א)‪74;2  V‬و"‪:‬א‪[ C =u‬א)‪R‬א&אقא‪-V=2‬و‪k-R.‬‬ ‫ *‪ & )7‬دولא‪v25‬وאولא‪)3[ hF5‬א\‪ K‬‬. ‫‪  7‬م‪ ,v)Ry 2003‬ل ‪7)& )fP=S‬و"‪/-3:‬א&‪ 3.802"~=S‬دو&‪ 2"#7,- x‬‬ ‫‪ " >& R  ٪15.8‬م ‪ 28.2 †9 |  ,- 2002‬دو& ‪ 24.3 r >& R  ,- x‬دو& ‪   ,- x‬م‬ ‫‪،2002‬و‪e-9,SwX 1‬א‪& )f‬א‚‪ 2 -‬م‪ 1984‬و'‪:"[V‬א‪u‬א‪ V2[ f‬ق‬ ‫א‪#‬אد ‪, Q‬א‪4;25‬و‪281‬دو&‪ K,- x‬‬ ‫‪A=y‬א"‪P‬א‪f‬ول ‪Q‬א م"‪7)& )7<) ¤‬و"‪ 30.5:‬دو&‪،,- x‬و‪7 21m‬نא‪w& )f‬‬ ‫‪ vS‬وز‪p 3‬אل‪ 30‬دو&‪ 42-3 2000x4y>F’2 ,- x‬و‪ 31.2†9 | ,$‬دو&‪K,- x‬و‬ ‫د‪1‬אא&‪ =S‬ع ‪WA1r )7‬אوאنא‪[ Ah f‬אאق‪،‬א ‪šM‬אאق‪xmf‬א‪A_ -3‬‬ ‫א ‪،w‬א)‪4‬א&א>‪ VR‬عא‪ L‬אدא* ‪p2yQ‬و‪v->M‬א‪OL‬א‪r‬א مא‪eSF’#‬א ‪M‬د ‪F’PV 2‬‬ ‫د‪،2002x4‬א‪VO‬א" *א‪-‬وא‪ ، v->- R‬א‪m’F‬א‪ V‬אو)‪m-‬س‪VW‬‬ ‫א‪MyL‬س" ‪6v3a‬אא‪as‬א{‪ F  VS‬א‪K Fy" hu‬‬ ‫‪121‬‬.

(6) ‫و‪7‬د* א&‪ =S‬عא‪Q & )f‬א‪W F2 ¦s 2‬ز د א‪u‬א‪74;25- >L‬و"‪ =9،:‬ص‪4-‬‬ ‫אو&א‪KAh f‬‬ ‫”‪ p-‬م‪ =S&T" 2004‬ع‪& )7‬א‪<=2‬א ‪ &"-5‬א)‪-s 2z‬وو‪$‬لא‪& )f‬א‪ &7†9-‚L‬م‪-) -‬‬ ‫‪ /-3 ،,  FS w‬א&‪  P=S‬ل ) ) ‪7‬و"‪ 7.8 02" :‬دو&‪ " >& R  ٪28  2" #7 ،,- "L‬م‬ ‫‪/-3،2003‬و‪ ,$‬لא‪36.0†9‬دو&‪28.2r>& R ,- x‬دو&‪ ,- "L‬م‪ 4 K2003‬‬ ‫"ƒن ل)‪7‬و"‪:‬و‪",$‬א‪ f‬م ‪ 46.6†9 2004"m7F’Q‬دو&‪،,- "L‬وو‪),$‬‬ ‫א‪ W‬مא‪Ah f‬א‪ 55Q zm7†9H-=W‬دو&‪Mb,- "L‬لא=} >=‪K F‬و‪f‬ول  ‪  y 3‬ل)‬ ‫‪7‬و"‪=X [ :‬قא‪ V2‬قא‪#‬אد ‪, Q‬א‪)،4;25‬א\‪ m‬نذ‪[ :‬א‪X5‬א‪7A -‬و‬ ‫א‪7A  )f‬وא‪#FN‬و_אل م‪ K2004‬‬ ‫א)‪4‬א&א‪ -h 2‬م‪& )7*F’،2004‬א‪ S<=2‬א ‪4‬א‪Mb‬ل م‪ 2005‬و‪ 76;5‬م‬ ‫א‪ FS  ,2‬א‪ &7†9-‚L‬م‪ m *  ~V  G‬ن‪7)&  1b7‬و"‪:‬‬ ‫א‪60HR)A -‬دو&‪7F’ F>,- "L‬و*‪p 2005‬א ‪)[VP  2‬א‪ W‬مא‪Ah f‬א‪H-=W‬‬ ‫)‪ 70HR‬دو&‪Mb,- "L‬لא=} >=‪، F‬و‪Q  3& l7 1‬א‪kR‬وא אق‪ › y‬‬ ‫‪Q 6v2‬ذ‪* [ _ IQ :‬א‪42‬א د‪#‬א ‪ KA5‬‬ ‫و‪ m 4m‬ن ‪e-‬א‪ u‬ل‪Mb‬ل م‪Ty،2004‬ن‡‪Q   m 4‬אא ‪,‬א‪h" N5‬وא‪7 +5‬ن‬ ‫وא‪~> m،3‬و&א\‪ S‬א‪Mb& )f‬ل م‪2005‬وو‪†9 |$‬א‪* 5‬א‪-) -R‬א‹ ‪K‬و‪:S617‬‬ ‫אא ‪,‬א)‪4‬א&א‪42‬א‪aV#R‬א ‪[ A5‬א‪،<=2‬و‪ h 7 $b‬وא‪J‬ودول‪,z Xb7‬‬ ‫א|‪†9 ،2‬ذ‪:‬א‪*  _* R2bL‬א‪h‬א ‪،-5‬وא‪[  F2 -0‬و‪e‬א‪،‬و ‪M‬و ‬ ‫ [ ذ‪ :‬א‪ *  V‬א‪ - >L‬א‪ -V=2‬א ‪ -5‬א‪ Q  :-1 > ،='25‬א‪ ,m N5‬א‪ RV2   -) -‬א‪N‬ق‬ ‫א‪f‬و)<وאאقو‪9‬אنو>‪ v-‬و‪p2y‬و‪M‬و‪ =G9Qhi‬لא‪h‬א&‪£‬א‪-- V‬א{) ‪ F‬א‪$ f‬‬ ‫و ‪ 2S m&  9 F417Q‬א‪ m#‬ن«‪، h 7-- _l& m7)7" z‬و >¦ ‪R>Q e2‬‬ ‫א‪ >L‬ج د &  وذ  وز د ¬[ א‪ ،* "& 5‬و  ‪ 617 Q  x 7‬אא ‪ ,‬א‪ & )7 &  ’ 5‬א‪ W‬م‬ ‫א‪Ah f‬א‪p 3H-=W‬אل‪70‬دو&‪7F’ F>,- "L‬و*‪ K2005‬‬ ‫وو‪,$‬א‪5‬لא‪7)#2‬و"‪Mb:‬ل م‪ 61.0†9 2006‬دو&‪50.6r>& R ,- "L‬‬ ‫دو&‪Mb,- "L‬ل م‪ p"#7،2005‬د ‪10.4‬دو&‪7-"K٪20.6,z”,- "L‬نאא‪7A -‬و"‪:‬‬ ‫‪ -_='2Sw‬م‪53.0X Q 2006‬دو&‪K,- "L‬و [ ‪,Rw  F’7X‬אא‪A -‬‬ ‫‪60Q  |Mb‬دو&‪ K,- "L‬‬ ‫א)‪4‬א&א­‪? K‬א ‪& )f#‬א‪<=2‬א ‪ F’،-5‬م‪ 2007‬א&‪4  =S‬א¡) &א{"‪~+‬‬ ‫ *‪~V/-3  G‬א‪Q )& )f‬א‪u‬א‪p‬א‹ و‪G‬א‪،5‬و‪Mb$ b‬ل‬ ‫א‪ H2‬א‪ Q  A> z‬א‪9 ،2‬ذ ‪ K‬وز א‪5‬ل א‪7 )  A -‬و"‪ p 3 :‬אل ‪ 90‬دو&‪PV   ,- "L‬‬. ‫‪122‬‬.

(7) ,- "L&‫دو‬69.1¤"/-3٪13.1‫«ل‬:"‫و‬7* b)#2‫)<א‬5‫א‬P=S&‫وא‬K2007x4y>  K2007‫ل م‬Mb  2"#7،2008‫ل م‬Mb,- x&‫ دو‬25&‫א‬R«:"‫و‬7* b)& )7~=S&‫ א‬2008‫ م‬ >& R ,- x&‫دو‬94.1:"‫و‬7#&=‫ لאא‬¤"/-3AO 5‫ &>« *א مא‬R ٪36.2  K2007‫ م‬,- x&‫دو‬69.1 K2008‫=< [ א&א م‬2‫) &א‬7 F>F’{‫ د א‬u‫ *א‬R‫|  [א‬M;"- 5‫ز א‬f‫~א‬R7R Qhw 2008-F’†9 2008A=> F’2 <=2‫) &א‬7evF>‫א‬#‫א‬# ‫[א‬025 y “’#7š 21Qhw/-3e-y&‫دو‬#7‫ون‬p'4X ‫و ضو‬a_Q -V=2‫ *אقא‬-) )f *  ‫ن‬7 4m،& )f‫ [א‬7V‫= ع‬S&‫א‬#7\‫ و&א‬--s&M S{‫א‬-V=2‫ אدא*א‬L‫א‬X \‫و&א‬Xbf‫א‬, ‫ >~אא‬m,"K-O 5‫א‬Y4W‫א*א‬2‫لא‬Mb,v5‫ | א‬Q =S ~C‫ون‬p'5‫א‬ ,  ‫= ع‬S&L‫  א‬--s& ‫ א{  ~ دو&א‬, ‫ אא‬:S 617 Q ‫ و‬،<=2‫) & א‬7  ‫ د‬u‫= ع א‬S&L‫ א‬:‫ذ‬  K<=2‫)אقאŠ [)א‬f‫ &"א‬5‫א‬  <=2‫) &א‬7 lg5‫א‬, ‫אא‬617 J2 4-)/-3،aV‫אضوא‬A  F417Q & )f‫?א‬1.‫ א‬m‫   ~دو&א‬, ‫ א‬  K<)5‫وא‬R‫א‬X5‫ م [א‬W‫א‬:"‫و‬f‫א‬S-4 [ lƒ‫ א‬41&‫دو‬  W<=2‫ [א‬aV‫א‬.  J1 J2. h25‫א‬-> >L‫ א‬u‫א&א‬R e"RA‫א }و‬aV‫א‬W<=2‫ [א‬aV‫א‬HS  J1 J1 J2  }y‫ل‬Mb‫و‬J )2 ،-‫ *"}و‬v2 ‫و‬7‫' م‬m-‫ [אא }و‬A 2‫وא‬A4h‫ א‬F >  -mMF)‫אض א‬Gf ~> m \‫ )א‬،-> >L‫  * א‬u‫ א‬:S - S‫’ ع و) و‬9 F" ‫ود‬j -2 ‫ز‬  Kª9KKK y‫وא‬7 & >­-"f‫=<א‬2‫א‬،E-"f‫=<א‬2‫א‬FJ)‫و‬h‫وא‬7، & -‫א‬:0Qp2  m  W F417, ‫ "  א‬4  V‫ [א‬aV‫دא‬0W<=2‫ [א‬aV‫ א‬lg5‫א‬, ‫ אא‬J2 J1 J2 ,b‫د‬P=S&‫ א‬4m،‫ א‬m‫א‬lƒS V‫šא‬MF)‫א=د [א‬,b‫د‬# lgW‫א=د‬,b‫   )<د‬J7 X5 ‫’א‬g  x  V‫ א‬Q  ‫š א=د‬MF)‫ “ א‬$7 /-œ  V‫ א‬Q  emMF)‫ א‬6v3 P=S&‫א=د א‬  K- 2‫אولא‬Q ,m V‫א‬Q ‫šא=د‬MF)‫& مא‬7>& R Q :‫و“ذ‬N-5‫א‬ ‫ن‬79، V‫)א‬P -h M"Xb7)#7,z  V‫ [א‬aV‫ <א‬SW V‫) &א‬7 Jr Q1 ‫ن‬7  3M‫ و‬،‫ א‬aV‫ و و> א‬، V‫ א‬,s‫ "א‬WJ  [  H aV‫ א  [ א‬l7 ,j V& ‫ل‬M39 R‫א=} א‬a/-3V‫א=} א‬xm7 41lƒS‫ن‬hJ ‫א‬  Kb7 ‫אول‬ehFS  O7 N U:FS- 2‫نאولא‬7‫ل‬R‫א‬k )WA R‫¦א‬S 2‫א‬,h-1  J‫ج‬ P ‫?אول‬1¦S 2‫א‬,h-1 1pm  2‫لא‬M3‫†א‬9 ) )7:‫ذ‬P‫ و‬V‫א‬Q - 2‫א‬ * ‫ و‬4-h‫م وא‬-25f‫ وא‬a‫ وא‬u‫  א‬2$ $ b ، V H-zm šMF)‫ א‬Q  e" p-4S 123.

(8) ‫وא }و‪ 4-m‬و *و אدא ‪ >9,h-1>& R5 "،\ 2‬جאولא‪- 2‬א‪ V-"p-4#‬א‪* VR‬א‪f‬و‪-‬‬ ‫ ‪,z ،e-‬א‪&p‬א وא‪')L‬אجא{‪='2‬א)‪ K V FmMF‬‬ ‫د‪ J‬א‪42‬א د‪#‬א ‪9WA5‬نز د א‪42‬א د‪e 3 S#‬دא‪ 4s‬ز د א)‪šMF‬א‪$ b،AV=2‬‬ ‫‪,C‬א‪&V‬א‪A2h‬א| ‪,s‬א‪[   m 2"4#‬א‪ «>& R <=2‬د&א‪ V‬א‪،Xbf‬‬ ‫‪7 4m‬نא= ضא‪42‬א د‪* -4h“4#‬א‪،R "aV‬و‪1‬א‪7e>ƒ’Q em‬ن‪[ lg‬‬ ‫א‪42‬א د‪،#‬و"‪F‬א‪Ty‬نא‪Q1J"M‬א ‪ J‬א‪ ,hy،b‬‬. ‫‪lg,‬א‪ Kbf‬‬. ‫‪ J‬א‪, xW® 25‬א‪h > lM ® 25‬ن‪[ ?lƒS‬א‪aV‬א }و‪ - >,-A‬و‪16v2‬אאƒ‪l‬‬ ‫ ‪R Q‬א&‪+S‬د&א‪u‬א&  [ א&א‪P=S،2‬א)‪šMF‬א‪ V‬א ‪M‬دא{‪p‬دאد‪ F-y‬א‪x‬د‬ ‫א‪- V"\ N‬א‪ u‬ل ‪Q‬א ‪M‬د א‪ ® 25‬و‪ 3‬א‪h‬א&‪£‬א‪QS m&  Tm-- V‬א‪rO#‬‬ ‫א *א‪ 05‬א‪ m20052)-h f‬ن‪e‬א‪lf‬א‪[  h‬א‪aV‬א ‪Q A5‬א }ول‪ K‬‬. ‫‪ y7 J3 J1 J2‬قא‪aV‬א ‪[ A5‬א‪<=2‬‬ ‫‪p‬אلא‪  [ aV‬د&א‪ V‬א‪ ='5‬א‪S‬א‪،42‬و ‪Q‬א‪7P5‬ن;‪,‬א‪[  ;y j<=2‬دو&?‬ ‫א د‪- S#‬א‪*  -3‬א ‪-5‬א‪p5‬א  ‪Q‬א‪ V‬א‪, R5‬א‪K&;25‬و"‪[ \ 2‬א‪& 2-‬א‪،A5‬‬ ‫א‪}= #‬ض "غ  )<  ل א‪ 42‬א د‪ #‬א ‪ )7 [  ) R F 2) ٪3.5 U A5‬س א‪ R‬‬ ‫א‪N‬א‪،E-s‬و" ‪}y‬אض‪7‬ن‪,;S‬א‪& )f‬א‚‪3<=2-‬ود‪ 60 J50‬دو&‪[ ,- x‬א אد‪ }y‬‬ ‫א *‪[ ،‬א‪}y‬אض م‪3‬و‪* ) -) 4-)#1-+S£‬و‪ -2hS‬א‪Q4y، V‬א‪7P5‬ن‬ ‫‪P=S‬א‪[ aV‬א‪- 83Q <=2‬ن‪ #Lr‬م‪- 118†92005‬ن‪œ#Lr‬ل م‪ K2030‬‬ ‫‪7 m‬ن _‪" a‬אن  ‪ 4;2‬א ون א د‪ #‬وא‪"F -42‬אن א ‪ w‬א‪  ,hN EA 2‬א~‬ ‫א‪ Q ٪60Q  rR  O u‬א‪ aV‬א ‪ [  A5‬א‪ ،<=2‬و ‪ Q‬א‪7P5‬ن ‪R«P=S‬א&‪#LrJM  4‬‬ ‫œل م‪K#Lr 53†9,-، 2030‬و)ƒ‪l‬א אنא‪u "- 2‬א‪Q 6; f‬א&‪ =S‬عא‪P5‬‬ ‫א‪aœaV‬א‪& 2-‬א‪ F _H -)/-3،A5‬و‪-  29Q ,R2‬ن‪58Q p †9#Lr‬‬ ‫‪-‬ن‪ K#Lr‬‬ ‫و ‪Q‬א‪7P5‬ن‪0S‬ذא אنא‪- 2‬א‪- 20U[ -)f‬ن‪:SQ #Lr‬א‪ p‬د ‪،‬و‪,zi 1‬‬ ‫‪AzlQ zm7‬א‪P-o42‬א אنא‪،- 2‬و ‪P‬ذ‪ƒ ,;):‬א‪ -3‬ج‪†9‬א‪Mb 1- V‬ل‬ ‫א=} א‪$5‬د ‪،‬وœل م‪XQ)،2030‬א)‪šMF‬א=دאא‪3‬א אنא‪Q - 2‬א‪<=2‬‬ ‫א‪"?;>ehF ›E<Ry٪20FY4W‬אن ‪4;2‬א ونوא‪ ،-42‬‬. ‫‪ J2 J2‬אض ‪Q‬א‪<=2‬‬ ‫‪HS  J1 J2 J2‬אضא‪ WAV=2‬אضא }و‪:SQ  & 1A‬א‪* -4h‬א‪ FO Qh45‬‬ ‫و‪ S‬د| אق"‪J‬א‪_f‬אא‪ 5‬د‪EQ}N  JJs "F‬و‪Mb‬ل‪ }y‬ز ‪j-2‬د ‪7‬و  ‪  K‬‬ ‫‪ J2 J2 J2‬אא ‪,‬א‪ lg5‬אضא‪AV=2‬‬ ‫‪124‬‬.

(9) ‫אضא‪- y#ƒmAV=2‬و>‪ N‬طא د‪Q  "lƒ#‬אא ‪,‬א‪='5‬א{‪ F-417Q S‬‬ ‫و  ‪ [  1lƒS‬אض א‪) AV=2‬א\ ‪ m‬ن ذ‪ :‬אƒ‪ $ b ’  l‬و "= ‪7 -" ™9‬و ) ‪#7 -‬‬ ‫" ‪p‬אوא&‪ =S‬ع‪7‬و" ‪7 2‬وא= ضوא>‪KA‬و‪?1‬אא ‪ WASf mA1,‬‬ ‫‪R  J7‬א&א‪[ aV‬א‪W<=2‬א‪J"M‬א‪aV‬وאض‪_M A1‬د‪ m 4m#7‬نא‪ maV‬א‬ ‫و ‪p‬אא *?‪Ty‬ن‪ &VS[ A" ™9?lƒS‬ضאא‪-V=2‬و"& وא)و ‪V‬د ‬ ‫و‪1‬א‪1‬وא‪ 3P‬لא‪aV‬א‪ 24 AV=2‬א‪K$ 5‬و‪9‬ذא‪ m‬نא‪+$aV‬א‪7‬و‪j‬ودא‪7‬و ‪Ty  2‬ن‬ ‫‪[ •)?lƒS‬אضא‪ KAV=2‬‬ ‫‪R  Jr‬א& אא‪9W-V=2‬ن ‪R‬א&و ‪X‬אא‪Q -V=2‬אא ‪,‬א‪ &" lg5‬‬ ‫‪  m‬و‪[ -) )7‬אض‪ =S& yK‬عאو‪pS‬א? ‪[ lg py 3 4‬ز د אض‪،‬و ‪Yh‬ذ‪:‬‬ ‫‪7 2S 3‬وא= ضא‪ y‬و&?‪g‬د‪ 2S†9#‬وא= ضאض ‪P‬א‪1;3M5‬אא‪ƒN‬ن‬ ‫‪#-+7‬و ‪g‬د‪-+SA  "e‬א‪-4h‬א‪-V=2‬א‪v25‬وא‪5‬و‪،O‬א‪X5‬א‪° p‬و‪- _:m‬‬ ‫و’‪,h‬אقא ‪K s‬‬ ‫ج‪ J‬א‪ ) -‬א }و‪7 -‬و )‪ ) -‬א‪ >L‬ج‪| W‬א א ‪  [   m lƒS  ,‬ض א א }و‪) -‬א\‬ ‫" ‪ p‬د ‪7‬و " ‪ R2‬ن‪7‬و "‪ * z‬אض‪ K‬و ‪ ,z4S‬א‪ ) -‬א }و‪7 -‬و)‪ ) -‬א‪ >L‬ج ‡‪9  4‬א\א*‬ ‫‪7F 1'S‬و‪-=-m2- * F‬א)‪M+‬لא‪MbQ <=2‬لא‪16h0‬אא‪  &"bf‬و‬ ‫ ‪ K$ b &"eO‬‬ ‫د‪) J‬א‪P‬א ‪, W‬א‪ Nm‬א‪ 4m<=2‬د ‪ F- 4‬א‪ -u‬א ‪  : 21~> mN‬د&‬ ‫‪,z Xb7 V‬א=‪،60‬و" ‪ F=- h;2‬א‪- +‬و‪"$‬א)'א‪ F‬א‪?&  "<=2\v‬א‪,‬‬ ‫ د&א‪ P Qh،=hS V‬و&א‪Q p‬ووع‪7‬ز *>=‪“ $7-V‬א‪ 41‬م אولא‪25‬א=‪h‬‬ ‫ د& _    ‪ ,z‬א‪  V‬א‪ -4N‬א& א=‪Yy 2S ~0 $ƒy  J R" ) e 419  "  J60‬‬ ‫א‪ <=2‬و ‪1‬א " ‪ ,z  F F"  Q  6G‬א& ‪ E‬و א‪ Fs b Mb‬و ‪y‬א‪ 1s‬و‪m‬א א)‪ |M+‬‬ ‫א د و‪ K - 2$‬‬ ‫‪ J‬א‪J"y 25‬א‪9W<=2Jv25‬نאقא‪hAV=2‬ن ‪ Q‬دא‪Jv25‬و‪ .‬ول‪,m‬دو‪7‬و’‪m‬‬ ‫>=‪-V‬א‪u‬ل [‪Q 3xm7‬אقو [‪&7‬ضאא‪TyP‬ن‪?1‬א‪ y 25‬د "‪J‬دول ‪4;2‬‬ ‫‪7‬و"‪:‬ودول‪\  7G‬א‪،4;25‬و‪ q_,m‬ولא;="ƒ‪Q 3xm‬אقא‪†9y O9،AV=2‬‬ ‫ذ‪Ty :‬ن א‪7 Qhi y 25‬ن Ÿ‪ J" 1‬دول‪7 4;2  \  7‬و"‪ ، F=> :‬و‪ J" 4s  aR " A1‬دول‬ ‫א‪¦-W‬א"‪A‬א{”‪:‬א‪6'OA_ -3‬و‪Q ,s 1‬א‪،<=2‬وא{‪ .‬ول"‪Q 2h›-4mxm7P-‬‬ ‫א‪,m N Q A> S F>f& )f "6FSAFy<=2‬א د‪،‬و ‪ 7،-‬אولא‪=-‬وא‪V)5‬‬ ‫‪P=S " FS -4mP-"aGSAFy‬وذ‪;>:‬א‪,m N4‬א دوא‪- 5‬א{‪ F2 A> S‬و"  ‪A‬‬ ‫‪7[ a‬و"‪":‬א‪ -3f‬ن‪y‬ض‪3‬א‪ >L‬ج‪,h‬دو ?‪ K‬‬. ‫‪ y7 J3 J2 J2‬قאضא‪AV=2‬א‪* 4±‬אو‪ -‬‬ ‫‪125‬‬.

(10) ‫‪ u R‬א  ‪7‬ن  א&د א‪h)  V‬ن ‪ -  -y m‬א‪ aV‬א‪RS NS /-3 ،A R5‬א*‬ ‫א‪“5‬א‹‪A-‬א‪7†9Ah f‬نא‪* -_ -3‬א‪M')M" R‬ص‪72 ~= S‬وא‪,s‬א‪،* 2-> 4z‬‬ ‫‪7J3‬نא‪ >L‬جא}א‪MbA4m‬ل‪:S‬א=} ‪ m‬ن‪/lQ ,7‬א‪ p‬د א‪،RR‬و‪P‬ذ‪ †9:‬א ‪,‬‬ ‫   ‪ F2‬א‪ ، -2h‬وא)‪ * y Nh‬א‪ ،0 2‬وא&‪ =S‬ع  * א)'‪M‬ص א }و‪ Q  A‬א‪Ru‬ل‬ ‫א‪ -V=2‬א ‪ ،‬و [ &‪7‬س א‪ Q  ,h‬ذ‪pI š 21 ،:‬ون ‪ Q  6'O‬א‪=2‬ط ‪ G‬א‪ -R‬א‪" R‬‬ ‫)‪ Nh‬وא‪ KV‬‬ ‫و"‪[ \ 2‬א‪& 2-‬א‪P،A5‬א א‪7‬ن‪ 9P=SS‬אدא*א‪<=2‬א‪ W‬م ‪& bQ‬ج‪7‬و"‪†9,:‬‬ ‫‪ |X [ 7‬و‪- 481‬ن‪,="#Lr‬א‪ p‬دא*א{‪ h 7Q ASƒS‬א‪F-2-SM‬א‪x‬אز‪،E $b,‬‬ ‫و&و)‪ -‬وœ ‪p‬و‪  Q‬א= ض א‪ ،Xb7 k_ 2  ?FN) #‬و‪.‬א  ‪ œ RV2‬א‪ 4N‬ل‪6l ،‬‬ ‫‪ " 7 S‬ذ‪  :‬א= ض א&™‪ A‬א  &א  ‪  Q‬م ‪ ،2020‬و ‪G‬ن ذ‪ FN) :‬א‪ L‬אدא*  ‪Q‬‬ ‫‪RV2‬א‪N‬قא‪f‬و)<و¨ ل‪ -Ry9‬א&‪[  =-=_ =S‬א‪X5‬א‪ [3#7<)5‬م‪[ 7,،2010‬‬ ‫‪ |X‬و‪- 51‬ن‪7mK#Lr‬ن‪ 9‬אدא*א‪<=2‬א‪ W‬مא‪ R‬د  ‪GQ‬א‪& Vf‬א‪4;2 \  f‬‬ ‫‪7‬و"‪Q :‬א‪7P5‬ن‪- 45Q M-p †9,S‬ن‪ #Lr‬م‪ K2030‬‬ ‫‪ T" k 4-y 7‬אدא* א‪ G <=2‬א‪ #-R‬وאد א‪ #-u‬א{ ‪ Q  ASƒS‬א אن ‪ G‬א‪ \  f‬‬ ‫‪74;2‬و"‪ 1pm}-y،:‬א‪ )f "P5‬س [א لא‪-V=2‬א‪،2h‬א{)‪FN‬א&‪, =S‬‬ ‫‪- 5†9‬ن‪ #Lr‬م‪aœ2030‬א‪& 2-‬א‪- 1P >& R ،A5‬ن‪ #Lr‬م‪K2005‬و ‪Q‬‬ ‫א‪7 P5‬ن ‪ ,. * -4  42S‬א=‪ 60‬وא‪ +‬ز ‪) †9‬א‪ 150 U Q  ,s‬و‪ -  ,- " H7 50 Q  ,7‬‬ ‫א~ א‪-  1.5 †9 O u‬ن و ‪ [  ,- " H7 500‬אא‪  A‬א=} ‪ K2030 J2005‬و) ‪ASƒS‬‬ ‫‪:S-  G‬א‪ p‬دא* ‪Q‬א *א‪ 05‬א‪،-h f‬وא‪،J‬و‪})7، -Ry9r2‬א‪ K -‬‬ ‫‪FN-) 4m‬א)'אمאدא‪pS#-u‬אא‪1‬א‪bf‬א ‪Q‬א‪\ U7P-ok_ 25‬א ‪Kw‬و [‬ ‫א‪4‬موو‪ky‬א‪& 2-‬א‪7 o9Pe>Ty،A5‬ن‪,S‬א‪ L‬אدא* ‪Q‬א‪=2‬ط ‪G‬א‪10 †9-R‬‬ ‫‪-‬ن‪ «#Lr‬ذ‪:‬אدא‪#-u‬א‪ R‬دم ‪& bQ‬ج‪7‬و"‪œ:‬ل م‪ p"#7،2030‬د ‪-  8‬ن‪#Lr‬‬ ‫" ‪ P >& R5‬م‪ K2005‬‬ ‫ ‬ ‫ ‬ ‫ ‬. ‫‪RS J3‬א‪42‬ذجא‪74;2 <=>)A) -R‬و"‪:‬‬ ‫‪9‬ن ‪-4‬א‪& -b‬א‪+5‬א*א{‪74;2 <=>)lƒS‬و"‪[ 4:‬א‪;2‬א د" &‬ ‫א‪f‬و†‪/-3‬א ‪ >4‬د&א)‪[ ?1 2‬א‪+5‬א*א ‪ W-‬ض ‪74;2‬و"‪Q :‬א‪،<=2‬א‪A_ -3‬‬ ‫‪74;2‬و"‪Q :‬א‪ >9،<=2‬جא‪& b<=2‬ج ‪74;2‬و"‪4;2 a_،:‬א ونא د‪#‬وא‪Q -42‬‬ ‫א‪ ،<=2‬لא‪42‬א د‪ KA5 #‬‬ ‫‪126‬‬.

(11)  . ‫ذج‬42‫א‬RS J1 J3. RSQ |‫وא‬e-y lg5‫א*א‬+5‫وא‬:"‫و‬7‫א‬4;2 <=>)J"M‫?א‬RS‫אد‬5‫ذجא‬42‫א‬,zi  K:"‫و‬f‫א‬4;2 <=>)[ lƒ‫| א‬MbQ Qhi{‫א*א‬+5‫א‬.1‫ذج‬42‫א‬ LPRIX = C(1) + C(2)*LNONOPEC + C(3)*LOFFOPEC + C(4)*LRESOPEC + C(5)*LDEMOECD +  C(6)*LTAUXCROI.  W/-3. :"‫و‬74;25<=2‫)א‬6& GW LPRIX :"‫و‬74;2 ‫ &ج‬b<=2‫> جא‬96& GW LNONOPEC <=2‫א‬Q :"‫و‬74;2 A_ -3‫א‬6& GW LRESOPEC <=2‫א‬Q :"‫و‬74;2 ‫ ض‬6& GW LOFFOPEC <=2‫א‬Q -42‫وא‬#‫א ونא د‬4;2 a_6& GW LDEMOECD A5 ‫א‬#‫א د‬42‫ لא‬6& GWLTAUXCROI  WA ‫א‹ولא‬0O A1 4mR‫¦א‬s >~> mEVIEWS5¦ >"‫ ل‬4)T".  . LPRIX = 9.05 + 9.64*LNONOPEC + 4.95*LOFFOPEC - 1.51*LRESOPEC (2.19) (9.61) (4.95) (-4,62) 9.61*LDEMOECD – 0.25*LTAUXCROI (-3,63) (-2,69).  As 3L‫ א=א‬J2 J3  W 3M>X+‫" *א‬5‫א‬RV"‫ذج‬42‫א‬RS¦s >‫ل‬MbQ ‫و‬. LDEMOECD. ,LRESOPEC ,LOFFOPEC ,LNONOPEC ‫  ل‬2 " ‫ذج‬42‫ א‬w   ‫ن‬7  J. -s 3L"‫א‬6-R‫نא‬f،٪5‫ د‬2"-s 392 |~" z‫א‬0y OL " LTAUXCROI ,f‫ لא‬43‫א =?א‬1K٪5X 2 ‫و‬±‫א‬4-R‫א‬Q  ”xm7RV5‫א‬4-R "~>‫د‬-) 0.05Q 9،. Z٪884-. ?mgS ‫א‬1‫و‬. Z٪89‫ن‬f -xSR" ‫א*א‬+4‫ د‬5‫=א‬S >‫ن‬7. J. ?=S ," )‫א* א&א‬+   £. {‫א* א‬+‫< א‬Ry ?=S  <=2‫ن ) א‬7 J S  2‫? א‬1 ‫ن‬7 K‫ذج‬42‫א‬,bSwXb7*‫א‬+ 4-R‫א‬Q  ”xm7 F Z58.61#‫ و‬S{‫א‬N-y-s 39‫ن‬f-m-s 392 e‫ذج‬42‫نא‬7  J P‫א" ز‬4-R‫א‬Q xm7‫و‬±‫א‬4-R‫א‬#7،E5،0.05،33F3&"N-yP‫وز‬±‫א‬ K -s 39‫ ل‬R ‫ذج‬42‫א‬A  "‫و‬KN-y  DW= 1,46 ‫ن‬S‫و‬Q"&‫د‬-s 3L 2 " J 4 . 2. 0 ?. ? 127.

(12) ‫ن‬S‫و‬Q"&‫د‬-s 39#7\ Vbf‫א‬-MR)‫א‬:’š 21‫ن‬7 3M>‫ن‬S‫و‬Q"&‫¦د‬s >‫ل‬MbQ  J"AS‫ طذא‬S&‫و مودא‬7‫ [ود‬,-‫ šد‬21Y-‫ذא‬9:N‫ א‬RV2 ,b‫دא‬PRSDW= 1,46  K\ Vbf‫א‬   W Breush-Godfrey & b‫ א‬J  . W* -O=‫א‬.  W 3M>E01F6&‫لא‹ول‬MbQ  K\ Vbf‫א‬J"AS‫ طذא‬S&‫ مودא‬#7. -O=‫א‬, R>. -O=‫א‬y>A  ".  K -s 39‫ ل‬R ‫ذج‬42‫نא‬7J As 3L‫א‬,-0‫لא‬MbQ. W#‫ א=א د‬J3 J3 W‫ن‬7 2“&R5‫ذجא‬42‫א‬Q  =5‫א*א‬+5‫א‬6-,m‫ن‬hS 2 e>7†9NS~" z‫א‬u‫א‬,z”{‫وא‬C(1)Z9.05 45‫ א‬J K,- x&‫دو‬9.05 ‫ود‬3‫ن‬h<=2‫ن)א‬Ty ‫و‬ 4;2 ‫ &ج‬b‫> ج‬9+S‫ذא‬9e>7J S C(2)Z9.64A1{‫وא‬:"‫و‬f‫א‬4;2 ‫ &ج‬b<=2‫> جא‬94   J ‫> ج‬9J"M‫نא‬7#7،3‫אא‬,- x&‫ دو‬9.64rP=S<=2‫ن)א‬Ty، - ,- "Hƒ":"‫و‬f‫א‬ K‫א د‬-3 2‫א‬Q  R ‫_دو‬M A1<=2‫و)א‬:"‫و‬f‫א‬4;2 ‫ &ج‬b<=2‫א‬ ‫ن‬-«<=2‫א‬Q 4;25‫* ضא‬+S‫ذא‬9e>7J S C(3)Z4.95<=2‫א‬Q :"‫و‬f‫א‬4;2 ‫ ض‬4  J ;2‫א‬a3‫א‬1،‫ _د‬4F2-"M‫א‬#7,- x&‫دو‬4.95r+)<=2‫نאא‬Ty,- " ‫د‬V‫א‬M‫א‬FO‫و‬5‫א‬-4h‫ز د א‬e 3 S‫نز د א‬hS 2 e>7‫ل‬RS{‫א دא‬ K‫א د‬-3 2‫א‬Q  R 45‫א‬A  "‫و‬E-4h‫אوא‬J" ‫نא‬Ty,- "‫ن‬-«A_ -3L‫*א‬+S‫ذא‬9e>7J S C(4)Z- 1.51:"‫و‬74;2 A_ -3‫א‬4  J ،‫א د‬-3 2‫א‬Q  R A1‫و‬-h  4F2-"M‫א‬#7,- x&‫دو‬- 1.51r='2) †9#‫د‬g ›AV=2‫ز د אضא‬A  "‫و‬AV=2‫> جא‬L‫†ز دא‬9#‫د‬7AV=2‫א‬A_ -3L‫ زאدא‬4m#7 K<=2‫) &א‬7‫א= ض‬ P=S&‫ذאא‬9e>7 J y C(5)Z- 9.61#‫ و‬S OECD-42‫وא‬#‫א ونא د‬4;2 a_4   J ,- x&‫ دو‬- 9.61r='2)‫نא‬Ty,- "‫ن‬-«-42‫وא‬#‫א ونא د‬4;2 a_ EaV‫ אو א‬J" -h‫ א‬M‫א‬F ‫; א د‬2‫ א‬P  ky‫א א‬1‫و‬-h  4F2-" M‫ א‬#7 K‫א د‬-3 2‫א‬Q  R 45‫نא‬TyA  "‫و‬ 128.

(13) #‫א د‬42‫ لא‬P=S&‫ذאא‬9e>7J S C(3)Z  J0.25 A5 ‫א‬#‫א د‬42‫ لא‬4   J xGA1‫و‬-h  4F2-"M‫א‬#7,- x&‫  دو‬J0.25r='2)‫نא‬Ty%1rA5 ‫א‬ A5 ‫א‬#‫א د‬42‫ز د  لא‬£‫و‬32 e>ƒ":‫=ذ‬S 22hi،‫א د‬-3 2‫א‬Q  R [ 7*  †9AV=2‫ א‬F >9Py"v25‫אولא‬PvN<=2‫ [א‬A5 ‫א‬aV‫ د א‬p"“4#‫א‬  K‫= ض‬L "& )¡“4#‫ א‬f‫א‬،AV=2‫א‬aV‫א‬Q 4;2 ‫ ض‬FA1‫ذج‬42 =5‫א*א‬+5‫نא‬7J S#‫ د‬L‫وא=א‬-s 3L‫لא&א)א‬MbQ 4;2  a_ ،:"‫و‬f‫ א‬4;2  ‫ &ج‬b <=2‫> ج א‬9 ،<=2‫ א‬Q  :"‫و‬f‫ א‬4;2  A_ -3‫ א‬،<=2‫ א‬Q  :"‫و‬f‫א‬ 4;2 <=>& )7. mlƒS |EA5 #‫ د‬L‫א‬42‫ لא‬،<=2‫א‬Q -42‫א ونوא‬ ~> m\‫)א‬Xb7*‫א‬+ ‫†ود‬9NS4-R‫?א‬1‫ن‬7 4m،. Z٪894-?mgS ‫א‬1‫و‬،:"‫و‬f‫א‬.  K‫ذج‬42‫א‬,bSw- >‫و‬7-4m*‫א‬+ ‫א‬1 ,1 W‫אل‬g) 221‫ א د  د&  ذ‬-3 2‫ א‬Q  ‫ و‬-s 3L‫ א‬-3 2‫ א‬Q  ‫ ل‬R  ‫ذج‬42‫ن א‬7 « ‫ذج؟‬42‫= א‬5‫א*א‬+5‫א‬6-y«:‫وذ‬:"‫و‬f‫א‬4;2 <=>"g 2," ‫ذج‬42‫א‬  WEshow& b‫א‬FAh-|‫א‬+‫ &א‬b‫ א‬J4 J3 )‫א&א‬6-RSaV#‫א‬Ah-|‫א‬+‫ &א‬b‫א‬Q  MV>‫א‬Xb7†9 }yQ ‫ذج‬42‫א‬+SX x  W- ‫א‬N-y-s 39r œ& bL‫א‬6‫و‬JS}y†9.    Kg 2," ‫و‬R ‫ذج‬42‫نא‬7‫ل‬R>‫و‬±‫א‬Q ,7"‫א‬N-y4-~> m‫ذא‬9 2)†919862)Q -> z‫وא‬1985†919702)Q  ›†‫و‬f‫א‬JS}y†9)‫} א&א‬y6-RS" 2)[2025‫ ?א‬K9+S 3M>/-3E01F6&,hN‫א‬J 5‫א‬6)‫א‬Q  MV>‫א‬:‫وذ‬2008  K1985 "‫א‬P ‫و‬±‫א‬N-y-s 394->& R "‫و‬E03F6&‫א‹ول‬0O5‫¦א‬s 2‫א‬Q  MV>‫א‬ ‫ذج‬42‫نא‬7‫ل‬R‫א‬Qhie2 ‫و‬%52 X 2 ‫א‹و‬Q xm7N-y-s 394-‫ن‬7 >‫و‬ Qhi‫د‬jk>e>7#7،g 2," G‫ذج‬42‫نא‬TyA  "‫} א&א)و‬y‫ل‬MbR G ‫و‬K F"g 2‫א‬a F"‫=<و‬2‫) &א‬7[ lgSb‫ א‬, ‫=<>;אد   א‬2‫) &א‬fe"g 2‫א‬ :A1, ‫?אא‬1617 ‫وز د  د‬A5 ‫ א [א دא‬m‫ دא‬4 ‫=<א‬2‫ [א‬aV‫א‬4‫و‬KWA5 ‫א‬aV‫  א‬J K‫ ن‬h‫א‬ -)Š‫א‬- 5‫ز א‬f‫ وא‬bf‫א‬- 5‫ز א‬f‫א‬,z * ‫ز‬f‫?א‬1,z £‫و‬3W-5 ‫ز *א دא‬f‫  א‬J 129.

(14) ‫‪E1999F‬א{‪ HS‬א)‪& 4z‬א ‪g ›A5‬د‪#‬א†‪=b‬א‪[ aV‬א‪<=2‬وא= ض‪K?& )7‬‬ ‫‪  J‬א‪u‬و‪r‬و‪$ b‬א‪k_ 25‬א‪,z W<=2 "-2+‬א‪u‬و‪RV2 r‬א‪N‬قא‪f‬و)<‬ ‫‪  J‬א‪h‬א&‪£‬א‪,z W-- V‬א‪$ f‬وא‪p‬زل‪:S$ b‬א{‪g ›<=2v2 k_ 2 rS‬د‪†9#‬‬ ‫>‪ R‬لא‪ >L‬جوز د א‪K& )f‬‬ ‫‪  J‬א‪,m N5‬א=‪R3-2‬ل‪ >9‬جא‪K<=2‬‬ ‫‪  J‬א‪R‬א&א*وא‪* q‬א‪-) -‬אو‪,z W-‬א‪7ru "F‬و‪y‬ض ‪* "R‬א د [دول‬ ‫‪,z ،<=2v2‬א‪* "R‬א{‪[  R" ) h 7 FOy‬אאقو‪9[  - 3‬אن‪K‬‬ ‫‪  J‬א‪,KW* "& 5‬אض‪7zm7‬وא‪Q ,‬א‪g ›aV‬د‪)[Oykb†9#‬قא‪K<=2‬‬ ‫‪$)  J‬אو&‪;>W‬א‪ S&M‬طא‪)J"k-l‬אو&و)א‪7/-3<=2‬ن ;‪6‬א د*‬ ‫א‪& v‬א‪4"6S-V=2‬אو&‪Ty:K‬نא= ض‪7‬وא&‪ =S‬ع)אو&)‪7 )lg-‬و‪[  " ™9‬‬ ‫א د *אولא‪4-='2S 2yKv25‬אو&‪& )7P=SS،‬א‪ "<=2‬و&‪ ,;S[3‬א‪P Ry‬‬ ‫)?" ‪&-‬و [) ‪,-‬א‪ z5‬ل ‪.‬‬ ‫‪  J‬א'‪W6‬وذ‪f:‬نא‪ R‬א‪N‬א‪P HS-s‬א‪KQ p‬‬ ‫‪   J‬د&א‪ V‬א ‪hQW‬ن| ‪[ lƒS#7‬א‪X5‬א‪7/-3aR‬نא‪/lQ zm7•<=2‬‬ ‫_‪a‬א‪ V‬א ‪،A5‬و‪7‬ن‪aG7‬א‪* -2R‬א‪')~44$- u‬אمא‪<=2‬وא‪ +‬ز‪7J3‬نא‪ 5‬د&‬ ‫א  زא~"‪ -V‬א‪* ‡/-3Q &V‬و‪* -2RS‬א)'א ‪. F‬‬ ‫و"‪7[ \ 2‬نא‪aG‬אא ‪,‬א "‪ae>Tyg 2" GR‬א‪& )7mœQFh‬א‪<=2‬א‪K, R5‬‬ ‫א‪ W” W‬‬ ‫‪ 3‬و‪1 2‬אא&א)א{‪2 ~.A1‬אن?‪j‬دא*)>=< ‪74;2‬و"‪),C:‬قא‪<=2‬א ‪،?A5‬‬. ‫‪y‬א‪+5‬א*א‪-) )f‬א{‪74;2 <=>).lƒS‬و"‪ K:‬‬ ‫و|א‪O 6-R" 24‬عא ‪p7lMl/0‬א\‪&V 2VS/-3‬א &Œ‪& )fA‬א‪ 4m،<=2‬‬ ‫א‪†9 & ’L‬אא ‪,‬א‪& )7 lg5‬א‪<=2‬و‪& )7WA1‬א‪5‬אدא‪ V‬א ‪،‬א‪aV‬وאضא‪،AV=2‬‬ ‫א‪ >L‬جא ‪،A5‬א‪® 25‬و‪?1‬אא ‪A1 1Ÿ,‬א‪"lƒSXbf‬א ‪& )7[ ’ GXb7,‬א‪<=2‬‬ ‫‪,z‬א‪aV‬א‪X«lƒAV=2‬א‪42‬א د‪#‬א ‪ KA5‬‬ ‫‪ 7‬א‹‪\p‬א‪ 3AR- V‬و‪MbQ  2‬ل_‪R‬א‪* "5‬א‪RSX+‬ذج‪q‬دא‪+5‬א*א{‪lgS‬‬ ‫ [‪& )7‬א‪4;2 <=2‬א‪f‬و"‪:‬و‪?1,z4S‬א‪+5‬א*‪ F‬ض ‪4;2‬א‪f‬و"‪Q :‬א‪،<=2‬א‪A_ -3‬‬ ‫‪4;2‬א‪f‬و"‪Q :‬א‪ >9،<=2‬جא‪& b<=2‬ج ‪4;2‬א‪f‬و"‪4;2 a_،:‬א ونوא‪Q -42‬א‪ ،<=2‬ل‬ ‫א‪42‬א د‪ KA5 #‬‬ ‫وא‪¦s >'>bf‬א&א)א‪ R2‬طא ‪ W-‬‬ ‫‪MbQ‬لא‪42‬ذجא‪7J S&R5‬ن‪j‬دא*‪74;2 <=>& )7‬و"‪ WA1:‬‬. ‫‪130‬‬.

(15) a_،،:"‫و‬74;2 ‫ &ج‬b<=2‫> جא‬9،<=2‫א‬Q :"‫و‬74;2 A_ -3‫א‬،<=2‫א‬Q :"‫و‬74;2 ‫ ض‬ KA5 #‫א د‬42‫ لא‬،<=2‫א‬Q -42‫وא‬#‫א ونא د‬4;2  ‫א‬1‫و‬،<=2‫) &א‬fe"g 2‫א‬Qhi‫د‬jk>e>7J SAh-|‫א‬+‫ &א‬b9\‫א‬9"‫و‬ a F"‫=<و‬2‫) &א‬7[ lgSb‫ א‬, ‫†ود   א‬9NS{‫א‬. Z٪894-?mgS.  $ b‫ و‬r‫و‬u‫ א‬، -5 ‫ز * א د א‬f‫ א‬، A5 ‫ א‬aV‫ א‬W F2  ‫ذج‬42‫  א‬,bS w F" g 2‫א‬ *‫א&א‬R‫  א‬، <=2‫> ج א‬9 ‫ل‬R3  -2=‫ א‬,m N5‫ א‬، -- V‫ א‬£&‫א‬h‫ א‬، <=2 " -2+‫ א‬k_ 25‫א‬ K ‫ א‬V‫  د&א‬،6'‫ א‬،&‫אو‬$) ،* "& 5‫א‬،-‫אو‬-) -‫ *א‬q‫وא‬ K, R5‫=<א‬2‫) &א‬7mœQFh‫א‬ae>Tyg 2" GR" ‫א‬, ‫אא‬aG‫نא‬7[ \ 2"‫و‬  WP‫א‬5‫א‬4s   K2003،) ‫ א‬V‫א‬،Y¨J ،‫א }ول‬kS،A=-= 4jAR$K1. 2. Chems Eddine Chitour : la Politique et le Nouvel ordre Pétrolier international, Edition dahlab,alger , 1995 K 3 Jhttp://taz/ClearanceEMEUEnergyMarkets/cabs/opec.html.11/29/2004 K.  ‡،?s‫و א‬A"‫=<א‬2‫) &א‬7*‫א‬+S،[-‫د&א‬،,-W‫א‬#‫ د‬y،p 1Q‫ >&א‬J4 E1F‫אد‬E29F±‫א‬->> R‫ )אمא دوא‬J-4‫א‬£0 ‫&א) *وא‬QNS  K2007، 5 Jwww.wikipedia.org 04/11/2009K 6 J Igor deckanic and others : A sentry of oil Zagreb , Naklada Zadro publisher,2005K.  m ،2003 J1983‫ل‬MbA"‫ دא‬L‫) &א }ول [א‬7*‫א‬+Sl7، -1‫نو‬N   J7  K2005L2004،s‫א‬p‹‫ א‬، &N2 G  K2003،‫ن‬lMz‫א‬#2‫א مא‬J f‫א‬RS،E:"‫وא‬7F‫&  }ول‬5‫א‬-"‫ &א‬Vf‫א‬4;2  J8  K2005،s‫א‬p‹‫א‬،- ‹‫  *א‬V5‫دאنא‬،2004<=2‫) &א‬7 &l،#‫) و‬5‫א‬-‡\ -O J9 #‫ د‬u‫א‬#2‫א مא‬J f‫א‬RS،E:"‫وא‬7F‫&  }ول‬5‫א‬-"‫ &א‬Vf‫א‬4;2  J10  2004K،‫ن‬lMz‫وא‬ ‫و‬A> z‫א‬#2‫א مא‬J f‫א‬RS،E:"‫وא‬7F‫&  }ول‬5‫א‬-"‫ &א‬Vf‫א‬4;2  J11  K2005،‫ن‬lMz‫א‬ ‫و‬/ z‫א‬#2‫א مא‬J f‫א‬RS،E:"‫وא‬7F‫&  }ول‬5‫א‬-"‫ &א‬Vf‫א‬4;2  J12  K2006،‫ن‬lMz‫א‬ K2007،‫ن‬lMz‫وא‬P"‫אא‬#2‫א مא‬J f‫א‬RS،E:"‫وא‬7F‫&  }ول‬5‫א‬-"‫ &א‬Vf‫א‬4;2  J13. 131.

(16) ‫‪ 4;2   J14‬א‪ & Vf‬א"‪ -‬א‪}  &5‬ول ‪7F‬وא"‪ RS ،E:‬א‪ J f‬א م א‪ #2‬א‪ Y W‬و‬ ‫א‪lMz‬ن‪،2008،‬ص‪ 35K‬‬ ‫‪°  J15‬א‪x‬אد ‪m ،A‬א*א دא }و‪"، ،A‬ون)‪ K2‬‬ ‫‪O&o J16‬אن‪&VS،‬א*‪& )7‬א‪<=2‬و‪lƒS‬א‪[  FS‬אא&دא*د&א)‪ 3‬א‹‪p‬א‪ J1970s‬‬ ‫‪ ، &N2 G  m ،2004‬א‹‪p‬א‪ Ks‬‬ ‫‪   J17‬א= !د>‪ y7،#‬قא‪<=2‬א ‪‡،2007A5‬א‪<=2‬وא ونא"‪،A‬א‪7،~h‬و"‪،:‬א‪±‬‬ ‫אא"‪P‬وא‪lMz‬ن‪،‬אد‪ K2008\ ’124‬‬ ‫‪ ¬7 4j   J18‬אو&‪O j W #‬א*  א د א }و‪ ،A‬دאن א‪ *  V5‬א‹ ‪ ،-‬א‹‪p‬א‪،s‬‬ ‫‪ K1983‬‬ ‫‪¬74j J4‬אو&‪ ،#‬د´א دא‪،<=2‬دא&¨عא‪،y Rz‬א‹‪p‬א‪ K2003،s‬‬ ‫‪¬74j J19‬אو&‪ ،#‬د´א دא‪،<=2‬دא&¨عא‪،y Rz‬א‹‪p‬א‪ K2003،s‬‬ ‫‪   J20‬א= !د>‪ y7،#‬قא‪<=2‬א ‪‡،2007A5‬א‪<=2‬وא ونא"‪،A‬א‪7،~h‬و"‪،:‬א‪±‬‬ ‫אא"‪P‬وא‪lMz‬ن‪،‬אد‪ K2008\ ’124‬‬ ‫‪k0‬א‹אولوא‪ h’f‬لא ‪W-> -‬‬ ‫א‹ول&‪RSWE01F6‬א‪42‬ذج"‪RV‬א‪* "5‬א‪#+‬‬. ‫‬. ‫‬. ‫א‪EVIEWS.5* IW&5‬‬. ‫ ‬. ‫א‹ول&‪ Breush-Godfrey& b9WE02F6‬‬. ‫‪132‬‬. ‫ ‬.

(17) . EVIEWS.5* IW&5‫א‬. chow& b9WE03F6&‫א‹ول‬.  .  <=2‫&)א‬VSWE01F6&,hN‫א‬.  .  .  EVIEWS.* IW&5‫א‬.  EVIEWS.* IW&5‫א‬. . .   . 133.

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