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On target? Sanctions and the economic interests of elite policymakers in Iran
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Draca, Mirko, Garred, Jason, Stickland, Leanne and Warrinnier, Nele (2023) On target? Sanctions and the economic interests of elite policymakers in Iran. The Economic Journal, 133 (649). pp. 159-200. doi:10.1093/ej/ueac042 ISSN 0013-0133.
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Official URL: https://doi.org/10.1093/ej/ueac042
Abstract
How successful are sanctions at targeting the economic interests of political elites in affected countries? We study the case of Iran, using information on the stock exchange-listed assets of two specific political entities with significant influence over the direction of Iran’s nuclear programme. Our identification strategy focuses on the process of negotiations for sanctions removal, examining which interests benefit most from news about diplomatic progress. The results indicate the ‘bluntness’ of sanctions on Iran, but also provide evidence of their effectiveness in generating substantial economic incentives for elite policymakers to negotiate a deal for sanctions relief.
Item Type: | Journal Article | ||||||||||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||||||
Library of Congress Subject Headings (LCSH): | Economic sanctions -- Iran, Iran -- Politics and government, Elite (Social sciences) -- Iran, Iran -- Economic conditions | ||||||||||||
Journal or Publication Title: | The Economic Journal | ||||||||||||
Publisher: | Oxford University Press | ||||||||||||
ISSN: | 0013-0133 | ||||||||||||
Official Date: | January 2023 | ||||||||||||
Dates: |
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Volume: | 133 | ||||||||||||
Number: | 649 | ||||||||||||
Page Range: | pp. 159-200 | ||||||||||||
DOI: | 10.1093/ej/ueac042 | ||||||||||||
Status: | Peer Reviewed | ||||||||||||
Publication Status: | Published | ||||||||||||
Re-use Statement: | This is a pre-copyedited, author-produced version of an article accepted for publication in [insert journal title] following peer review. The version of record [insert complete citation information here] is available online at: xxxxxxx [insert URL and DOI of the article on the OUP website]. | ||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||||||
Date of first compliant deposit: | 19 April 2022 | ||||||||||||
Date of first compliant Open Access: | 31 October 2022 | ||||||||||||
RIOXX Funder/Project Grant: |
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