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

Orkideh Gharehgozli

doi:10.1016/j.econlet.2017.06.008

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

Orkideh Gharehgozli

Economics

Research output: Contribution to journal › Article › peer-review

62 Scopus citations

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 language	English
Pages (from-to)	141-144
Number of pages	4
Journal	Economics Letters
Volume	157
DOIs	https://doi.org/10.1016/j.econlet.2017.06.008
State	Published - Aug 2017

Keywords

GDP
Iran
Sanctions
Synthetic Control

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2017.06.008

Cite this

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title = "An estimation of the economic cost of recent sanctions on Iran using the synthetic control method",

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.",

keywords = "GDP, Iran, Sanctions, Synthetic Control",

author = "Orkideh Gharehgozli",

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VL - 157

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JO - Economics Letters

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

Abstract

Keywords

UN SDGs

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