The effects of economic sanctions on Iran's employment and economic growth according to the Markov switching model
سال انتشار: 1403
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 33
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شناسه ملی سند علمی:
JR_IJNAA-15-5_003
تاریخ نمایه سازی: 18 فروردین 1403
چکیده مقاله:
The improvement of employment and economic growth is an important economic goal of any country but its achievement is a big challenge without considering the effects of economic sanctions on Iran's economy. Therefore, the present research estimated the direct effect of economic sanctions on employment and economic growth of Iran from ۱۹۸۴ to ۲۰۲۰ using the Markov switching method. The appropriate index was first calculated for sanctions, using the factor analysis method during the target period. After finding the quantitative values of sanctions in different periods, the employment and economic growth models were defined using the Markov switching method. In this regard, employment and economic growth could be divided into two regimes, including Regime (۱) with low mean and high standard deviation and regime (۲) with high mean and low standard deviation. The results of estimating Markov switching models indicated that sanctions had negative effects on employment but they had no significant effect on economic growth. The results also indicated stable employment in the low regime and economic growth in the high regime.
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نویسندگان
Mohammad Zamani
Department of Economics, Arak Branch, Islamic Azad University, Arak, Iran.
Gholamali Haji
Department of Economics, Arak Branch, Islamic Azad University, Arak, Iran
Mohammad Hassan Fotros
Department of Economics, Faculty of Social and Economic Sciences, Bu-Ali Sina University, Hamadan, Iran.
Peyman Ghafari Ashtiani
Department of Business Management, Arak Branch, Islamic Azad University, Arak, Iran
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