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...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 29-2019)
Main Author: Farzanegan, Mohammad Reza
Format: Article
Published: Philipps-Universität Marburg 2019
Online Access:PDF Full Text
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