The Opportunity Cost of the Islamic Revolution and War for Iran

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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Bibliografiska uppgifter
I publikationen:MAGKS - Joint Discussion Paper Series in Economics (Band 29-2019)
Huvudupphovsman: Farzanegan, Mohammad Reza
Materialtyp: Artikel
Språk:engelska
Publicerad: Philipps-Universität Marburg 2019
Ämnen:
Wirtschaft
treatment effect
revolution
Iran
war
synthetic control method
Economics
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Sammanfattning: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.
Fysisk beskrivning:18 Seiten
ISSN:1867-3678
DOI:10.17192/es2024.0624

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