Dawood Hamidi
Maryam Khalili Asl
Farhad Khodadad Kashi
Abstract
In this research, the Iran's economy resilience before and after the JCPOA and the factors affecting it are evaluated. A composite index is used to measure Iran's economic resilience. This inde More
Dawood Hamidi
Maryam Khalili Asl
Farhad Khodadad Kashi
Abstract
In this research, the Iran's economy resilience before and after the JCPOA and the factors affecting it are evaluated. A composite index is used to measure Iran's economic resilience. This index covers the three dimensions of economic stability, welfare effects, concentration and export variety. The results confirm that Iran's economic resilience has changed from 0.31 to 0.51 during the period 1995-2016. It should be mentioned that the size of this index decreased to its lowest level in 2013 due to the sanctions imposed by the United Nations. In addition, variables such as economic complexity, economic freedom, good governance and capital formation have positive and significant effect on the Iran's economy resilience, while the openness of the economy had a negative effect on it. The estimation results of the model show that JCPOA has had a positive and significant effect on Iran's economy resilience. This agreement has had a significant effect on Iran's economy and world markets by canceling and removing nuclear sanctions against Iran. The implementation of this agreement has facilitated the entry of technology and investment of the world's oil companies in Iran.
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