The opportunity cost of the Islamic revolution and war for Iran

Mohammad Reza Farzanegan

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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Year of publication:	[2019]
Authors:	Farzanegan, Mohammad Reza
Publisher:	Marburg : Philipps-University Marburg, School of Business and Economics
Subject:	synthetic control method \| treatment effect \| Iran \| war \| revolution \| Krieg \| War \| Politische Unruhen \| Political unrest \| Opportunitätskosten \| Opportunity cost \| Wirkungsanalyse \| Impact assessment

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Extent:	1 Online-Ressource (circa 18 Seiten) Illustrationen
Series:	Joint discussion paper series in economics : publ. by the Universities of Aachen, Gießen, Göttingen, Kassel, Marburg, Siegen. - Marburg : Philipps University Marburg, Department of Business Administration & Economics, ISSN 1867-3678, ZDB-ID 2499212-4. - Vol. no. 2019, 29
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/213470 [Handle]
Classification:	C23 - Models with Panel Data ; H56 - National Security and War ; F51 - International Conflicts; Negotiations; Sanctions ; D74 - Conflict; Conflict Resolution; Alliances ; Q34 - Natural Resources and Domestic and International Conflicts
Source:	ECONIS - Online Catalogue of the ZBW

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