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

Orkideh Gharehgozli

doi:10.1016/j.econlet.2017.06.008

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

Orkideh Gharehgozli

Economics

Montclair State University

Research output: Contribution to journal › Article › peer-review

15 Scopus citations

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.

Original language	English
Pages (from-to)	141-144
Number of pages	4
Journal	Economics Letters
Volume	157
DOIs	https://doi.org/10.1016/j.econlet.2017.06.008
State	Published - Aug 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

ASJC Scopus subject areas

Finance
Economics and Econometrics

Keywords

GDP
Iran
Sanctions
Synthetic Control

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10.1016/j.econlet.2017.06.008

Cite this

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title = "An estimation of the economic cost of recent sanctions on Iran using the synthetic control method",

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 = "GDP, Iran, Sanctions, Synthetic Control",

author = "Orkideh Gharehgozli",

note = "Publisher Copyright: {\textcopyright} 2017 Elsevier B.V.",

year = "2017",

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language = "English",

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AU - Gharehgozli, Orkideh

PY - 2017/8

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AB - 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.

KW - GDP

KW - Iran

KW - Sanctions

KW - Synthetic Control

UR - https://www.scopus.com/pages/publications/85033441685

U2 - 10.1016/j.econlet.2017.06.008

DO - 10.1016/j.econlet.2017.06.008

M3 - Article

SN - 0165-1765

VL - 157

SP - 141

EP - 144

JO - Economics Letters

JF - Economics Letters

ER -

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

Abstract

UN SDGs

ASJC Scopus subject areas

Keywords

Access to Document

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