Publikationsserver
The Opportunity Cost of the Islamic Revolution and War for Iran
We estimate the opportunity cost for Iran due to the Islamic revolution and eight years’ war with Iraq (1978/79-1988). We apply the synthetic control method in order to compare Iran with a synthetic Iran and answer this counterfactual question. Our results show that, in total, an average Iranian has...
Gorde:
| Argitaratua izan da: | MAGKS - Joint Discussion Paper Series in Economics (Band 29-2019) |
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| Egile nagusia: | |
| Formatua: | Artikulua |
| Hizkuntza: | ingelesa |
| Argitaratua: |
Philipps-Universität Marburg
2019
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| Gaiak: | |
| Sarrera elektronikoa: | PDF testu osoa |
| Etiketak: |
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| Gaia: | We estimate the opportunity cost for Iran due to the Islamic revolution and eight years’ war with Iraq (1978/79-1988). We apply the synthetic control method in order to compare Iran with a synthetic Iran and answer this counterfactual question. Our results show that, in total, an average Iranian has lost $34,660 (in constant 2010 US$) from 1978 to 1988. This loss is equivalent to 40% of income per capita, which an Iranian could reach at the absence of revolution and war. |
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| Deskribapen fisikoa: | 18 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0624 |