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The effect of economic sanctions on the volume of trade in the agriculture sector of Iran and business partners in the EU
Economic Journal of Emerging Markets ( IF 0.7 ) Pub Date : 2019-04-01 , DOI: 10.20885/ejem.vol11.iss1.art10
Seyed Yaghoub Zeraatkish , Zahra Farahmand

Iranian economy was under pressured during the period of international trade sanctions. This paper investigates the effect of the economic sanctions on the bilateral agriculture trade of Iran with ten main trading partners in European Union between 2001 to 2015. A modified gravity model is used as an empirical international trading model and panel data are used for investigating the effect of sanctions. Findings/Originality : In the absence of sanction, the effect of all independent variables, except for population, is as expected by the theory. Under the sanction the effect of GDP and population is lower than those of without sanction. The effect of foreign exchange fluctuation gets more intense during the sanction due to instability of financial sector. Distance, however, is not a significant variable to explain the bilateral trade both in the absence and under the sanction. The weak sanction period lowered the bilateral trade by 7.5 percent lower, but unexpectedly it was 12 percent higher during the strong sanction period.

中文翻译:

经济制裁对伊朗农业部门和欧盟商业伙伴贸易量的影响

在国际贸易制裁期间,伊朗经济承压。本文考察了2001年至2015年经济制裁对伊朗与欧盟10个主要贸易伙伴双边农产品贸易的影响。以修正的引力模型作为实证国际贸易模型,并利用面板数据研究了影响。的制裁。结果/独创性:在没有制裁的情况下,除人口外,所有自变量的影响都符合理论的预期。制裁下对GDP和人口的影响低于未制裁。由于金融部门的不稳定,在制裁期间外汇波动的影响更加强烈。然而距离,不是解释双边贸易的重要变量,无论是在制裁下还是在制裁下。弱制裁期使双边贸易下降了 7.5%,但出乎意料的是,在强制裁期,双边贸易增长了 12%。
更新日期:2019-04-01
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