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 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

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Series:	MAGKS Joint Discussion Paper Series in Economics ; 29-2019
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1685633862 [GVK] 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:	EconStor

Persistent link: https://www.econbiz.de/10012156213