Dokument
| Titel: | The response of income inequality to positive oil rents shocks in Iran: Implications for the post-sanction period |
| Autor: | Farzanegan, Mohammad Reza |
| Weitere Verfasser: | Krieger, Tim |
| Veröffentlicht: | 2017 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0543 |
| DOI: | https://doi.org/10.17192/es2024.0543 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-19 |
| Lizenz: | https://creativecommons.org/publicdomain/mark/1.0 |
| Schlagwörter: |
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| VAR, inequality, sanctions, oil rents, ARDL, Iran |
Summary:
We study the short and long run responses of income inequality to the positive oil and gas rents per capita shocks in Iran from 1973 to 2012. Using vector autoregression (VAR)-based impulse response functions, we find a positive and statistically significant response of income inequality to oil rents booms within 4 years after the shock. The Autoregressive-Distributed Lag (ARDL) results show that a 10 percent increase in oil and gas rents per capita leads to 1.1 percent increase in income inequality in the long run. The results are robust after controlling for income-distribution channels in Iran. Our analysis can help policy makers to evaluate and accommodate the possible positive or negative effects of lifting sanctions on inequalities in Iran.
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