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Economic Trends and Macroeconomic Policies in Post-Revolutionary Iran

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  • M. Hashem Pesaran

    (Trinity College, University of Cambridge)

Abstract

This paper reviews some of the main trends in the Iranian economy over the past two decades and discusses the key economic policy issues that divide the reformist from the more conservative factions in Iran. It argues that the economic policy dilemma of whether to liberalize the economy has not gone away and very much lies dormant. For a small open economy such as Iran's operating in an increasingly globalized world economic environment, the neglect of fundamental economic forces in favor of political vested interests can have dire consequences in the long run.

Suggested Citation

  • M. Hashem Pesaran, 1999. "Economic Trends and Macroeconomic Policies in Post-Revolutionary Iran," Working Papers 9902, Economic Research Forum, revised Jan 1999.
    • Handle: RePEc:erg:wpaper:9902
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