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

Orkideh Gharehgozli

Economics Letters, 2017, vol. 157, issue C, 141-144

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: Synthetic Control; Iran; Sanctions; GDP (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:157:y:2017:i:c:p:141-144

DOI: 10.1016/j.econlet.2017.06.008

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