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

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Citation

Farzanegan, M. R., Khabbazan, M. M., & Sadeghi, H. (2016). Effects of Oil Sanctions on Iran’s Economy and Household Welfare: New Evidence from A CGE Model. In M. R. Farzanegan, & P. Alaedini (Eds.), Economic Welfare and Inequality in Iran - Developments since the Revolution (pp. 185-211). Hampshire: Palgrave Macmillan.


Cite as: https://hdl.handle.net/11858/00-001M-0000-002C-AC05-6
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?