| ID | 187351 |
| Title Proper | Effects of International Sanctions on Iran’s military spending |
| Other Title Information | a Synthetic Control Analysis |
| Language | ENG |
| Author | Farzanegan, Mohammad Reza |
| Summary / Abstract (Note) | I use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on Iran’s military spending. I created a counterfactual Iran, a synthetic control group, that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. Then I compare the military spending of the counterfactual Iran without sanctions to the factual Iran with sanctions for the period of 2003–2015. Over the entire 2013–2015 period, per capita military spending was reduced by approximately 117 US$ per year on average. The main findings are robust to a series of tests, including placebo tests. Estimated confidence sets show that the decrease in Iran’s military spending after the 2012 sanctions is also statistically significant. |
| `In' analytical Note | Defence and Peace Economics Vol. 33, No.7; Nov 2022: p.767-778 |
| Journal Source | Defence and Peace Economics Vol: 33 No 7 |
| Key Words | Conflict ; Sanctions ; Iran ; Military Spending ; Synthetic Control Methodology |