Identifying the Effects of Sanctions on the Iranian Economy using Newspaper Coverage
Dario Laudati and
Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
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, Iranâ€™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.
Keywords: Newspaper coverage; identification of direct and indirect effects of sanctions; Iran output growth; exchange rate depreciation and inflation; labor force participation and employment; secondary education; and gender bias (search for similar items in EconPapers)
JEL-codes: E31 E65 F43 F51 F53 O11 O19 O53 (search for similar items in EconPapers)
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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:cam:camdae:2155
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