An estimation of the economic cost of recent sanctions on Iran using the synthetic control method

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Abstract

International sanctions imposed on Iran, targeting primarily Iran's key energy sector and its ability to access the international financial system, have harmed Iran's economic growth, specifically since 2011 through 2014. Using the synthetic control method, this paper estimates that sanctions during this period reduced Iran's real GDP by more than 17% with the largest drop occurring in 2012.

Original languageEnglish
Pages (from-to)141-144
Number of pages4
JournalEconomics Letters
Volume157
DOIs
Publication statusPublished - Aug 2017

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Keywords

  • GDP
  • Iran
  • Sanctions
  • Synthetic Control

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