نوع مقاله: مقاله پژوهشی
نویسندگان
1 گروه آموزشی علوم اقتصادی، دانشکده مدیریت و اقتصاد، دانشگاه تربیت مدرس، تهران، ایران
2 دانشیار اقتصاد، دانشگاه تربیت مدرس دانشکده مدیریت و اقتصاد
3 دانشیار و عضو هیئت علمی دانشگاه تربیت مدرس
چکیده
کلیدواژه‌ها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Since the mid-1980s, along with widespread process of globalization and the acceleration of its effects, capital flows have been the focus of attention for researchers and policy-makers as one of the concrete facets of globalization in developing countries. Considering the limited amount of capital accumulation from domestic savings, developing countries rely on external sources for financing. Also, empirical evidence and theoretical economic growth models both show the pivotal role of capital and capital flow. Therefore, considering the importance of capital flow and the existence of economic sanctions as an obstacle to that mechanism, the main aim of this study is to examine the impact of economic sanctions (on a strong and weak basis) on capital accounts. For this purpose, a hypothesis was constructed and an ARDL model has been applied for testing it. The results, using the annual time series data 1978-2016 for Iran, indicate that strong economic sanctions had a negative and significant effect on the capital account in the short and long run, but the weak economic sanctions were not significant due to somehow circumventing them. In addition, the severity of the impact of strong economic sanctions on capital account in the short run has been much more compared to the long-term, indicating the success of policymakers in rehabilitating the country's economic structures against sanctions and mitigating their effects.
کلیدواژه‌ها [English]
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