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We examine the macroeconomic and household welfare consequences of oil sanctions in Iran. We use social accounting … of oil from Iran to the rest of the world is banned. Our main results show that higher income households are losing more … sanction crisis. In addition, labor income increases while the capital income falls in response to oil sanctions in Iran. These …
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This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and...
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