22.06.2023 New Publication: Understanding Economic Sanctions on Iran

This paper surveys the literature on the economic effects of sanctions on Iran, with a principal focus on those imposed after 2006.

In a joint survey study, Mohammad Reza Farzanegan (CNMS, @MR_Farzanegan) & Esfandyar Batmanghelidj (Bourse & Bazaar Foundation) discuss the challenges of isolating the impacts of sanctions and evaluate recent methodological approaches used to measure causal effects. Specifically, they focus on the application of the synthetic control method to disaggregate the exogenous and endogenous factors responsible for economic underperformance in Iran. Authors review studies on the macroeconomic impacts of Iran sanctions and examine those that focus on the sectoral effects of sanctions. The survey reveals a large and growing body of literature that remains incomplete. There are significant gaps in the existing research on the impact of sanctions. Iran will likely remain the most important case study as researchers seek to fill those gaps.

The full study is available open access at: https://doi.org/10.1515/ev-2023-0014

Cite this article as: Farzanegan, M. and Batmanghelidj, E. (2023) Understanding Economic Sanctions on Iran: A Survey. The Economists’ Voice. https://doi.org/10.1515/ev-2023-0014