Analyzing Dynamism in Iran’s Non-Oil Exports: New Evidence Using Economic Complexity Theory

Document Type : Research Paper

Authors

1 Trade Promotion Organization Allameh Tabataba'i University

2 ITSR

3 SBU Waikato university

Abstract

Over the years of central planning in Iran, export diversification has always been at the forefront of governments’ objectives before and after the revolution. At the same time, many economists, especially neoclassical economists, has questioned the role of the State in bringing about export diversification and in particular carrying out selective targeting policies. Economic complexity, a theory put forward in recent years by Harvard and MIT economists, emphasizes the need to simultaneously take account of existing comparative advantage as well as the need to enhance economic complexity. In this paper, Iran’s export dynamisms has been studied for the first time over the period of 1997-2015 using economic complexity theory. The results show the decline of the share of complex products with a high degree of diversification in Iran’s export basket since 2005. Moreover, our research demonstrates that the main drivers of Iran’s export basket include the degree of export penetration in existing export markets, growth of world demand, currency devaluation and the degree of penetration into the product space.
JEL Classification: F11, F14, O14, C23

Keywords

Main Subjects

References

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History

  • Receive Date: 22 April 2018
  • Revise Date: 24 October 2018
  • Accept Date: 06 November 2018

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