The Impact of oil Sanctions on Growth of Iranian Economic sectors: Application of mixed variable Input – Output model

Considering that Iranian economic structure is heavily dependent on oil, its vulnerability to oil production changes is very high. The undeniable reliance of various economic sectors to meet their import needs is on the revenue of the oil sector. Hence, the decline in oil and gas production will affect the economy of the country, and as a result, the boom or recession is significantly subordinated to the performance of this sector. In the current circumstance, one of the main issues of policy-making approach in resilient economy is the application of economics' theories to solve problems in the context of resistance economy. In recent years, sanctioning countries have used the intensification of oil sanctions as a leverage against Iran, and this oil-dependent structure has increased the vulnerability of the Iranian economy. Therefore, the manner and magnitude of the impact of these sanctions should be considered in policy-making and planning for the increasing economic growth of the country. Thus, in this study, using the input-output table of 2011 published by the Islamic Consultative Assembly Research Center, we investigate the vulnerability of economic sectors caused by oil sanctions, because identifying vulnerable sectors and prioritizing them may help to plan for the use of resilient economy policies. The overall findings show that oil, industry, services, water, electricity and gas sectors, agriculture, transportation and communications, construction and mining sectors have suffered the most damage due to sanctions on oil purchases from Iran, respectively.