Identifying the Effects of Sanctions on the Iranian Economy using Newspaper Coverage

Dario Laudati and Mohammad Pesaran

Papers from arXiv.org

Abstract: This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions, followed up with a rise in inflation and a fall in output. In absence of sanctions, Iran's average annual growth could have been around 4-5 per cent, as compared to the 3 per cent realized. Sanctions are also found to have adverse effects on employment, labor force participation, secondary and high-school education, with such effects amplified for females.

Date: 2021-10
New Economics Papers: this item is included in nep-ara
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Citations: View citations in EconPapers (9)

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http://arxiv.org/pdf/2110.09400 Latest version (application/pdf)

Related works:
Journal Article: Identifying the effects of sanctions on the Iranian economy using newspaper coverage (2023)
Working Paper: Identifying the Effects of Sanctions on the Iranian Economy using Newspaper Coverage (2021)
Working Paper: Identifying the Effects of Sanctions on the Iranian Economy Using Newspaper Coverage (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2110.09400

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