Article in Journal
Evidence and Policy Implications of Sanctions in the Long Run: The Case of Iran
Dario Laudati
CESifo, Munich, 2023
EconPol Forum 24 (3), 27-30
CESifo, Munich, 2023
EconPol Forum 24 (3), 27-30
- Periods of prolonged sanctions can lead to large cumulated economic losses
- Oil revenue falls, exchange rate depreciations, and inflation may be key pass-through mechanisms to explain lower output growth
- Direct and indirect effects of sanctions may become entrenched over time, leading to resource misallocation
- Exclusion from foreign markets pushed Iran to develop in-house innovations and domestic product substitutes
- Sanctions may lead to additional socio-economic effects, such as gender-biased policies and reduction of education resources
Included in
EconPol Forum 03/2023: How Sanctions Work - and Which Goals They Fail to Achieve
CESifo, Munich, 2023