Analysis of the effect of technological change on the effectiveness of economic sanction against Iran A case study of the medical equipment industry of Isfahan province

Articles in Press

Authors

1 Economy faculty of Isfahan University

2 Faculty member, University of Isfahan

3 Department of Economics, University of Isfahan

10.30471/iee.2023.9488.2358

Abstract

Sanctions are considered a tool to secure the interests of a country's foreign policy. Iran's economy has faced the issue of sanctions since the victory of the Islamic Revolution and has always endured the bad effects and high costs of sanctions.

One of the things that can be effective in dealing with sanctions and removing its negative effects is the category of knowledge and technology. This research was done with the aim that technological change, as one of the important concepts of science and technology advancement in the economics, leads to the failure of Iran's economic sanctions.

In this article, the technological change has been analyzed using the grounded theory method in the last ten years (1390-1400) in the field of medical equipment industry in Isfahan province. In this research, the information of 8 companies in the medical equipment industry of Isfahan province was obtained and analyzed based on the theoretical saturation rule.

The results indicate that the technological change has had effects contrary to the effects of sanctions and has led to an increase in the amount of sales of domestic products, the substitution of domestic products for foreign ones in the country, an increase in product exports, a decrease in the price of products compared to foreign ones, an increase in the production of sanctioned products and progress.

Therefore, the mentioned results have neutralized the effects of economic sanctions in the medical equipment industry of Isfahan province, in other words, it has defeated. Another result of the research is that the technological change has created a comparative advantage in the medicals equipment industry of Isfahan province.

Keywords

Journal of Iran's Economic Essays (JIEE)

Articles in Press, Accepted Manuscript
Available Online from 29 October 2023

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