Measurement the Vulnerability of Iran's Economic Sectors Due to Crude Oil Export Sanctions: A Composite Index Based on the Input-Output Model

Ali Faridzad (), Ali Asghar Banouei () and Mahsa Goodarzi ()
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Ali Faridzad: Associate Professor of Energy Economics, Allameh Tabataba’i University
Ali Asghar Banouei: Professor of Economics, Allameh Tabataba’i University
Mahsa Goodarzi: Master of Economics, Allameh Tabataba’i University

Quarterly Journal of Applied Theories of Economics, 2021, vol. 8, issue 2, 35-74

Abstract: The embargo on Iran's oil exports in recent years is one of the most important problems that, with the economy under special conditions, has led to economic vulnerability and inefficiency of the economic sectors directly and indirectly. In this study, with employing a composite index based on three components according to the input-output approach, the vulnerability of Iran's economic sectors in 2011 has been measured. The first component is built based on Inoperability Input-Output model and the second one is made according to the Net Multipliers of Diatzenbacher (2005). The results show that among the 26 evaluated sections, "Coke and oil refining products", "Electricity" and "Manufacture of glass and glass products" have the lowest vulnerability and highest priority, respectively. From a 70% reduction in exports of crude oil and natural gas for investment, as well as sectors "wholesale and retail, repair of vehicles and goods", "transportation" and "extraction of crude oil and natural gas" have encountered the highest level of vulnerability and consequently the lowest priority

Keywords: Vulnerability; Input-Output; Inoperability Input-Output Model; Key Sector; Inefficiency; Oil Sanctions (search for similar items in EconPapers)
JEL-codes: C67 H54 O11 O21 Q34 (search for similar items in EconPapers)
Date: 2021
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