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Economic Trends and Macroeconomic Policies in Post-revolutionary Iran

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Abstract

This paper reviews some of the main trends in the Iranian economy over the past two decades and discusses the key economic policy issues that divide the reformist from the more conservative factions in Iran. It argues that the economic policy dilemma of whether or not to liberalise the economy has not gone away. For a small open economy such as Iran operating in an increasingly globalised world economic environment, the neglect of fundamental eco- nomic forces in favour of political vested interest can have dire consequences in the long run.

Suggested Citation

  • Pesaran, M. H., 1998. "Economic Trends and Macroeconomic Policies in Post-revolutionary Iran," Cambridge Working Papers in Economics 9818, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:9818
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    Cited by:

    1. Monireh Motamedi & Ghazaleh Mohammadian, 2014. "Survey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 18(3), pages 115-132, Autumn.
    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. Bonato Leo, 2008. "Money and Inflation in the Islamic Republic of Iran," Review of Middle East Economics and Finance, De Gruyter, vol. 4(1), pages 41-58, January.
    4. Djavad Salehi-Isfahani, 2006. "Revolution and redistribution in Iran: poverty and inequality 25 years later," Working Papers e06-3, Virginia Polytechnic Institute and State University, Department of Economics.
    5. Mohammadreza Mahmoudi, 2021. "Identifying the Main Factors of Iran's Economic Growth using Growth Accounting Framework," Papers 2109.02787, arXiv.org, revised Oct 2021.

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