The Impact of Sanctions on Bilateral Trade of Agricultural Products between Iran and its Trading Partners

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jariani farzaneh; Faraji Dizji Sajjad; NAJARZADEH REZA

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Paper Information

Journal: AGRICULTURAL ECONOMICS: IRANIAN JOURNAL OF AGRICULTURAL ECONOMICS (ECONOMICS AND AGRICULTURE JOURNAL) Year:2018 | Volume:12 | Issue:2 Page(s): 69-90

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Title

The Impact of Sanctions on Bilateral Trade of Agricultural Products between Iran and its Trading Partners

Author(s)

jariani farzaneh | Faraji Dizji Sajjad | NAJARZADEH REZA | Issue Writer Certificate

Keywords

Bilateral Trade of Agricultural ProductsQ1

Gravity ModelQ2

Generalized Method of MomentsQ1

Dynamic Panel DataQ1

Index of Economic FreedomQ1

Abstract

This paper uses Generalized Method of Moments (GMM) estimation, Gravity Model, and Dynamic Panel Data to evaluate the effect of the imposed sanctions against Iran on the value of the Bilateral Trade of Agricultural Products between Iran and its trading partners among the MENA and the EU countries during 2000 to 2014. The results show that the sanctions have had no effects on the trade flows between Iran and the MENA countries. However, they have meaningful impact on the Iran’ s agricultural export to the EU countries, albeit they have caused a decrease in Iran’ s agricultural import from this area. The annual precipitation in Iran, as a control variable, using in this paper has positive effects on the Iran’ s agricultural export to the EU contries, nonetheless has negative effects on the Iran’ s import from the mentioned countries. The overall country size of two trading partners’ variable has meaningful and direct effects on the mutual trade between Iran and the EU countries. According to the above outcomes, the imposed sanctions should be considered as an apportunity to the Iranian agricultural development and diversification of exports from the agriculture sector to the EU region as a wide range of non-oil products to compensate some of the costs on the Iranian economy caused by sanctions.

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APA: Copy

jariani, farzaneh, Faraji Dizji, Sajjad, & NAJARZADEH, REZA. (2018). The Impact of Sanctions on Bilateral Trade of Agricultural Products between Iran and its Trading Partners. AGRICULTURAL ECONOMICS: IRANIAN JOURNAL OF AGRICULTURAL ECONOMICS (ECONOMICS AND AGRICULTURE JOURNAL), 12(2 ), 69-90. SID. https://sid.ir/paper/124628/en

Vancouver: Copy

jariani farzaneh, Faraji Dizji Sajjad, NAJARZADEH REZA. The Impact of Sanctions on Bilateral Trade of Agricultural Products between Iran and its Trading Partners. AGRICULTURAL ECONOMICS: IRANIAN JOURNAL OF AGRICULTURAL ECONOMICS (ECONOMICS AND AGRICULTURE JOURNAL)[Internet]. 2018;12(2 ):69-90. Available from: https://sid.ir/paper/124628/en

IEEE: Copy

farzaneh jariani, Sajjad Faraji Dizji, and REZA NAJARZADEH, “The Impact of Sanctions on Bilateral Trade of Agricultural Products between Iran and its Trading Partners,” AGRICULTURAL ECONOMICS: IRANIAN JOURNAL OF AGRICULTURAL ECONOMICS (ECONOMICS AND AGRICULTURE JOURNAL), vol. 12, no. 2 , pp. 69–90, 2018, [Online]. Available: https://sid.ir/paper/124628/en

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