Template-Type: ReDIF-Article 1.0
Author-Name: Ali Feghe Majidi
Author-Name-First: Ali
Author-Name-Last: Feghe Majidi
Author-Email: a.f.majidi@gmail.com
Author-Workplace-Name: Department of Economics, University of Kurdistan, Sanandaj, Iran.
Author-Name: Zahra Zarouni
Author-Name-First: Zahra
Author-Name-Last: Zarouni
Author-Email: zahrazarouni@gmail.com
Author-Workplace-Name: Department of Economics, University of Kurdistan, Sanandaj, Iran.
Title: The Impact of Sanctions on the Economy of Iran
Abstract: Nowadays, economy as the basis of wealth and power plays a crucial role in order to achieve economic growth and development. It has also been the interest to policy makers of Iran and there have been a lot of economic plans to achieve economic development. In this context, Economic sanctions have been an obstacle to achieve this goal. In this paper, the impacts of sanction on Iranian economy, specifically, on macroeconomic variable have been investigated, using descriptive-analysis method. Sanction has been affected a large part of Iran economy; limiting access to finance and foreign exchange, decreasing investment, rising unemployment and inflation and led to economic slowdown. However, it seems to reduce the economy's dependence on oil, improve domestic production capacity and reduce vulnerability to external factors are the opportunities created by the sanctions.
Classification-JEL: JEL
Keywords: Sanctions; Economic Development; Economic Variables
Journal: International Journal of Resistive Economics
Pages: 49-65
Volume: 8
Issue: 4
Year: 2020
Month: October
File-URL: https://www.oajre.ir/article_125414_8d6aade1f948a8135839a5c0e2fd631f.pdf
File-Format: Application/pdf
File-Function: Full text
File-URL: https://www.oajre.ir/article_125414.html
File-Format: text/html
File-Function: Abstract page
Handle: RePEc:trd:journl:125414