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Do Sanctions Really Constrain Iran’s Military Spending?

◢ Do sanctions reduce the military spending in Iran? Modeling the effects of sanctions on military spending in Iran demonstrates the impact of unilateral sanctions and multilateral sanctions. The models suggests that increasing intensity of sanctions dampens the military budget of Iran. But when separating unilateral and multilateral sanctions, it becomes clear that only multilateral sanctions have a statistically significant and negative impact on military spending of Iran.