Laudati, Dario - In: econPol Forum : a bi-monthly journal on European … 24 (2023) 3, pp. 27-30
Periods of prolonged sanctions can lead to large cumulated economic losses. Oil revenue falls, exchange rate … sanctions may become entrenched over time, leading to resource misallocation. Exclusion from foreign markets pushed Iran to … develop in-house innovations and domestic product substitutes. Sanctions may lead to additional socio-economic effects, such …