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Measurement the Vulnerability of Iran's Economic Sectors Due to Crude Oil Export Sanctions: A Composite Index Based on the Input-Output Model

Author

Listed:
  • Faridzad, Ali

    (Associate Professor of Energy Economics, Allameh Tabataba’i University)

  • Banouei, Ali Asghar

    (Professor of Economics, Allameh Tabataba’i University)

  • Goodarzi, Mahsa

    (Master of Economics, Allameh Tabataba’i University)

Abstract

The embargo on Iran's oil exports in recent years is one of the most important problems that, with the economy under special conditions, has led to economic vulnerability and inefficiency of the economic sectors directly and indirectly. In this study, with employing a composite index based on three components according to the input-output approach, the vulnerability of Iran's economic sectors in 2011 has been measured. The first component is built based on Inoperability Input-Output model and the second one is made according to the Net Multipliers of Diatzenbacher (2005). The results show that among the 26 evaluated sections, "Coke and oil refining products", "Electricity" and "Manufacture of glass and glass products" have the lowest vulnerability and highest priority, respectively. From a 70% reduction in exports of crude oil and natural gas for investment, as well as sectors "wholesale and retail, repair of vehicles and goods", "transportation" and "extraction of crude oil and natural gas" have encountered the highest level of vulnerability and consequently the lowest priority

Suggested Citation

  • Faridzad, Ali & Banouei, Ali Asghar & Goodarzi, Mahsa, 2021. "Measurement the Vulnerability of Iran's Economic Sectors Due to Crude Oil Export Sanctions: A Composite Index Based on the Input-Output Model," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 8(2), pages 35-74, September.
    • Handle: RePEc:ris:qjatoe:0227
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    More about this item

    Keywords

    Vulnerability; Input-Output; Inoperability Input-Output Model; Key Sector; Inefficiency; Oil Sanctions;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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