Sanctions and the Shadow Economy: Empirical Evidence from Iranian Provinces

Sanctions and the Shadow Economy: Empirical Evidence from Iranian Provinces

Using Iranian-province-level data from 2001–2013, this study finds that the international sanctions of 2012/2013 had a significantly stronger negative impact on the growth rate of the shadow economy than they did on the official GDP growth rate. Thus, the international sanctions on Iran have damaged...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 07-2018)
Main Authors: Farzanegan, Mohammad Reza, Hayo, Bernd
Format: Article
Language:English
Published: 2018
Subjects:
shadow economy
sanctions
Iran
Wirtschaft
Economics
Online Access:PDF Full Text
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Summary:Using Iranian-province-level data from 2001–2013, this study finds that the international sanctions of 2012/2013 had a significantly stronger negative impact on the growth rate of the shadow economy than they did on the official GDP growth rate. Thus, the international sanctions on Iran have damaged the informal economy even more than the formal economy.
Physical Description:11 Pages
ISSN:1867-3678
DOI:10.17192/es2024.0560

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