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The Impact of Economic Sanctions on Gross Domestic Product and Social Welfare for Iran: Generalized Stochastic Growth Model

Hossein Marzban; Ali Hossein Ostadzad

Volume 20, Issue 63 , July 2015, , Pages 37-69

https://doi.org/10.22054/ijer.2015.4093

Abstract
  Ongoing sanctions on Iranian economy have proved to be very harmful and detrimental to Iranian economic affairs and social welfare. Evaluating the unfair impacts of these sanctions on Gross Domestic Product (GDP) and social welfare is the aim of this paper. Firstly, we have developed a generalized growth ...  Read More