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Effects of Oil Sanctions on Iran’s Economy and Household Welfare: New Evidence from A CGE Model

  • Mohammad Reza Farzanegan
  • Mohammad Mohammadi Khabbazan
  • Hossein Sadeghi
Chapter

Abstract

This chapter1 treats the economic and welfare consequences of Western-backed oil-export sanctions2 against Iran. Oil sanctions were imposed on post-revolutionary Iran with the supposed goal of changing its government’s political behavior. We aim to answer the following questions: (a) What were the likely effects of oil sanctions on the Iranian macroeconomic variables? (b) What were the likely effects of oil sanctions on Iran’s household welfare?

Keywords

European Union Real Exchange Rate Labor Income Computable General Equilibrium Computable General Equilibrium Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Mohammad Reza Farzanegan
    • 1
  • Mohammad Mohammadi Khabbazan
    • 2
  • Hossein Sadeghi
    • 3
  1. 1.Center for Near and Middle Eastern Studies, School of Business & EconomicsPhilipps-Universität MarburgMarbugGermany
  2. 2.Cluster of Excellence “Integrated Climate System Analysis and Prediction” (CliSAP) & Center for Earth System Research and Sustainability (CEN)University of HamburgHamburgGermany
  3. 3.Tarbiat Modares UniversityTehranIran

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