Fully Modify Ordinary least Square Approach in Sanctions on Iran's Trade and Major Trading Partners in the Sports Industry

Trade is an important tool for countries to earn foreign exchange. The aim of this study was to evaluate effect of economic sanctions on Iran's trade with trading partners in the sports industry and predicted Iran's economic during post-sanctions. For this purpose, the method of FM-OLS is used. Countries are grouped in two; China, Japan and France were selected for the first group and Russia, Kazakhstan and Kyrgyzstan for the second group. The data is based on information from the 1992 to 2012 period and data sources were the Customs of Iran and World Bank. Eviews8 software was used for data analysis. The results show that the effect of population and GDP has been negative and positive for all countries, effect of exchange rate except Russia and Kyrgyzstan were negative, effect of the current weak sanctions has been negative except Kazakhstan and Kyrgyzstan, strong sanctions in all countries had a positive effect of current period, effect of weak sanctions the previous period excluding China was negative in other countries and strong sanctions the previous period have had a negative effect in China, Kazakhstan and Kyrgyzstan. It is expected that upward trend of trade with trading partners is forecast to post-sanctions in sports industry's balance.