The Iranian Economy under the Islamic Republic: Institutional Change and Macroeconomic Performance (1979-1990)

Mazarei, Adnan,

Cambridge Journal of Economics, 1996, vol. 20, issue 3, 289-314

Abstract: This paper examines developments in economic institutions and the macroeconomic performance of Iran since the 1979 revolution. The Iranian revolution is interpreted as a populist movement aimed at income and wealth redistribution and at restructuring in a rentier economy. Subsequently, the macroeconomic performance of Iran since the revolution is analyzed. While recognizing the significant impact of the revolutionary disruptions, the decline in oil revenues, and the war with Iraq, it is argued that the prevailing economic conditions in Iran are largely the outcome of populist economic policies adopted by the Iranian government. (c) 1996 Academic Press Limited Copyright 1996 by Oxford University Press.

Date: 1996
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