The Impact of Sanctions on the Economy of Iran

Document Type : Original Article


Department of Economics, University of Kurdistan, Sanandaj, Iran.


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.


Ajili, Hadi. Keshavarz Moghaddam, Elham. (2013), "The impact of international sanctions on Iran's economic development," development strategy, No. 36, pp.54-87. (In Persian)
Alam, Aftab. (2011). "Sanctioning Iran Limits of Coercive Diplomacy India Quarterly. A" Journal of International Affairs, PP 67- 37, this article can be found at:
Alikhani, Hossein (2001) "failure of a policy of sanctions against Iran". Translator Mohammed pious race, PublicationsCenter of the Ministry of Foreign Affairs. (In Persian)
Analysis of the impact of sanctions on the energy sector of the national economy, (2014). Journal of Economic Defense, No (2) (In Persian)
Ardakani Nazemi, Mohammad. (2005) "and downfalls of the national economy, the global economy and the prospect of 20-year-old." Jam Journal, year Issue 309. (In Persian)
Askari, H., Forrer, J,. Teegen, H & Yang, J, (2001), " US Economic Sanctions: Lessons from the Iranian Exprience ", Business Economics, XXXVI.
Aziz Nejad Samad, Seyyed Noorani Seyyed Mohammad Reza (200+) "Effects of sanctions on the Iranian economy with an emphasis on foreign trade". House Journal and Research. . (In Persian)
Barry, E. Carter. (1988)." International Economic Sanctions: Improving the Haphazard U.S. Legal Regime, Cambridge".  CambridgeUniversity Press.
Basiri, Jamshid. (2012). "Effects of sanctions on the Iranian economy." Kaveh fiber textile and apparel industry. (In Persian)
Bosserman. (2013). "U.S. and Iranian Strategic Competition: Sanctions, Energy, Arms Control, and Regime Change.Center for Strategic & International Studies (CSIS)", January 22
Dashti-Gibson, Jaleh. Patricia Davis, & Benjamin Radcliff. (1997)." On the Determinants of the Success of Economic Sanctions: An Empirical analysis". American Journal of Political Science, No 41 (2.), pp 608-18.
Davidsson, Elias (2011)."Towards a Definition of Economic Sanctions, (revised version11). Available on": 919_econsanc-definition
Drezner, Daniel W. (2003). "The hidden Hand of Economic Coercion." International Organization No 57 (3), pp 643-59.
Elliott, Kimberly. (2003). "Economic Sanctions Reconsidered, 3d. Edition. Washington: Institute for International Economics". With Gary Hufbauer and Jeffrey Schott.
Gholami, Tahmoures (2011) "new sanctions against the Islamic Republic of Iran, United States, extent and purpose". Just Peace Diplomacy Journal, Issue 4. (In Persian)
Hafner-Burton, Emilie M. & Montgomery, Alexander H. (2008). "Power or Plenty: How Do International Trade Institutions Affect Economic Sanctions"? Journal of Conflict Resolution, Vol 52, No 2, pp 213-242.
Hosseini, Seyyed Shams al-Din. (2013), "Iranian economy with sanctions, with an emphasis on performance in 1391," Journal of Financial and economic policies, No. 2, pp. 5-20. (In Persian)
Kord Zadeh Kermani, Mohammad. (2001) "The Political Economy of the Islamic Republic of Iran," Tehran: Institute for Political and International Studies. . (In Persian)
Maleki, Behnam (2003). Iran's political economy. The first edition, Tehran: Light Science
Mir Ahmadi, Seyyed Mahmoud. Rashidi, Hassan. (2014). "The sanctions and their impact on business in Iran", Economic Journal, Issue 3.4, pp. 42-27. (In Persian)
Mirtorabi, Saeed (2005) "Problems of Iranian oil", Tehran: Ghomes. (In Persian)
Mohammad Reza Aghareb Parast (2009), "America's economic sanctions against Iran if the sanctions are effective?" Rahavard political, No. 19, pp. 27-46. (In Persian)
Petrescu, I.M. (2008). "Rethinking Economic Sanction Success: Sanctions as Deterrents", Workind Paper, American Enterprise Institute. Preeg, E., (20)
Shafaghat Nejad, Zahra. Renani, Hossein. Ammarzadeh, Mostafa. (2013) the effect of economic sanctions on investment inflow economy in terms of sanctions, 2. (In Persian)
Shin, G., (2009). “Economic Sanction Imposition and Foreign Direct Investment Inflows in the Target Countries: Unexpected and Expected Sanctions
Vesali, Sanaz and Torabi, Mehrnoosh, (2010), "The effects of sanctions on the economy and banking system, the banks, the banks and the economy", No. (111). (In Persian)
Yavari, Kazem and Reza Mohseni. (2010) "works of trade and financial sanctions on the Iranian economy," the House and Research, Vol. 16, No. 61, 53-9 (In Persian)
Zahrani, Mostafa, (1997), "Economic sanctions from Theory to Practice, the journal Foreign Policy", the eleventh year, number (1). (In Persian)