16.12.2020 What Were the Economic Costs of the Islamic Revolution and the Iran-Iraq War?

Four decades ago, one of the major revolutions of the 20th century occurred in Iran, ending its system of monarchy. Mass protests and strikes intensified over the course of 1978, and in response, the Shah enforced martial law. He fled amid increasing unrest in January 1979. The monarchy collapsed on 11 February 1979. In September 1980, Iraq invaded Iran, and the world observed one of the longest ever interstate wars between two major oil producers (1980–1988).

What would Iran’s economy look like in the absence of revolution, war, and violence of that period?

Read the research note by Prof. Farzanegan (@mr_farzanegan) published at Bourse & Bazaar: https://lnkd.in/e9W9WPZ

This note is based on a study published in Defence and Peace Economics (https://lnkd.in/eHWXRak).

Related Tweet thread by Esfandyar Batmanghelidj (@yarbatman) from Bourse & Bazaar: https://twitter.com/yarbatman/status/1339241977540448258