A Computable General Equilibrium Model of International Sanctions

M. Reza Gharibnavaz and Robert Waschik

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: We detail recent international sanctions against the Iranian economy and its government. The effects of these sanctions on the Iranian economy, the Iranian government and rural and urban Iranian households disaggregated by income decile are modelled using a Computable General Equilibrium (CGE) model which uses endogenous taxes to simulate the effects of sanctions. Results suggest that sanctions on Iranian oil exports had a serious negative effect on the Iranian economy, with very strong negative changes on real revenue earned by the Iranian government, but much more limited effects on the well-being of Iranian rural and urban households.

Keywords: sanctions; oil; Iran; CGE model (search for similar items in EconPapers)
JEL-codes: C68 F51 Q34 (search for similar items in EconPapers)
Date: 2015-09
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (3)

Published in Gharibnavaz, M.R. and R. Waschik (2017), "A Computable General Equilibrium Model of International Sanctions in Iran", World Economy xx, pp.xx-xx, https://doi.org/10.1111/twec.12528

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Working Paper: A Computable General Equilibrium Model of International Sanctions (2015)
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