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The Political Economy of Credit Subsidy in Iran, 1973–1978

Bibliographic Data

ID8965765
AuthorsDjavad Salehi-Isfahani, Djavad Salehi‐Isfahani (0000-0003-1537-9212, corresponding author)
Year1989
Volume21
Issue3
Pages359-379
Publication date1989-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal Middle East Studies (JOURNAL)
Journal identifiersISSN: 0020-7438 • E-ISSN: 1471-6380
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0020743800032554
OpenAlexW2313988932
LanguageEN
Citations received7
References cited16

During the last decade of the Pahlavi rule in Iran, rising oil income financed a very extensive development program in which both the state and the private sector accumulated huge amounts of wealth in real and financial capital. Having no direct access to the oil riches, the private sector accumulated much of its new wealth by direct and indirect subsidies from the government. Through various mechanisms, the state channeled resources to the private sector in an attempt to foster capitalist development of the country. While the strategy was successful insofar as it resulted in massive investment by the private sector, it was not without its ill side effects. This article is a study of the consequences, both intended and unintended, of one specific conduit for resource transfer—credit subsidy

Business · Capital (architecture · Economic growth · Economic policy · Economics · Government (linguistics · Investment (military · Market economy · Political science · Politics · Private sector · Resource (disambiguation · State (computer science · Subsidy · Energy, Environment, and Transportation Policies · Market Dynamics and Volatility · Natural Resources and Economic Development

  • The impact of sanctions on household welfare and employment in Iran

    Djavad Salehi‐Isfahani•Middle East Development Journal•2023

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    Open Access•C Kurzman•Social Science History•2003

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    Open Access•Nimah Mazaheri•Iranian Studies•2006

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Unique citing works7
Citations per year0,22
Citation span1994 - 2023 (30)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 7

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