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The Iranian Economy under the Islamic Republic: Institutional Change and Macroeconomic Performance (1979-1990)

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  • Mazarei, Adnan, Jr

Abstract

This paper examines developments in economic institutions and the macroeconomic performance of Iran since the 1979 revolution. The Iranian revolution is interpreted as a populist movement aimed at income and wealth redistribution and at restructuring in a rentier economy. Subsequently, the macroeconomic performance of Iran since the revolution is analyzed. While recognizing the significant impact of the revolutionary disruptions, the decline in oil revenues, and the war with Iraq, it is argued that the prevailing economic conditions in Iran are largely the outcome of populist economic policies adopted by the Iranian government. (c) 1996 Academic Press Limited Copyright 1996 by Oxford University Press.

Suggested Citation

  • Mazarei, Adnan, Jr, 1996. "The Iranian Economy under the Islamic Republic: Institutional Change and Macroeconomic Performance (1979-1990)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(3), pages 289-314, May.
    • Handle: RePEc:oup:cambje:v:20:y:1996:i:3:p:289-314
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    Cited by:

    1. Hajar Nasrazadani & Maria Pilar Mu oz Gracia, 2017. "Comparing Iranian and Spanish Electricity Markets with Nonlinear Time Series," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 262-286.
    2. Khashadourian Edmund & Grammy Abbas P, 2004. "The Political Economy of Growth-Inflation Transmission: The Case of Iran," Review of Middle East Economics and Finance, De Gruyter, vol. 2(2), pages 22-34, August.
    3. Basakha, Mehdi & Hossein Mohaqeqi Kamal, Seyed, 2019. "Industrial development and social welfare: A case study of Iran," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).
    4. Vafa Moayedi, 2013. "Reassessing The Effect Of Fiscal And Monetary Policies In Iran: The St. Louis Equation Revisited," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 123-141, December.
    5. Mansoor Maitah & Bassam Abdoljabbar, 2015. "The Economic Role of Petrochemical Industry in Iran," Modern Applied Science, Canadian Center of Science and Education, vol. 9(11), pages 101-101, October.

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