caa a22 4500 386370281 CHVBK 20180307111955.0 cr unu---uuuuu 161130e198908 xx s 000 0 eng 10.1017/S0020743800032554 doi S0020743800032554 pii (NATIONALLICENCE)cambridge-10.1017/S0020743800032554 Salehi-Isfahani Djavad Department of Economics Virginia Polytechnic Institute and State University The Political Economy of Credit Subsidy in Iran, 1973-1978 [Elektronische Daten] [Djavad Salehi-Isfahani] 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. Copyright © Cambridge University Press 1989 International Journal of Middle East Studies Cambridge University Press 21/3(1989-08), 359-379 0020-7438 21:3<359 1989 21 MES https://doi.org/10.1017/S0020743800032554 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0020743800032554 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Salehi-Isfahani Djavad Department of Economics Virginia Polytechnic Institute and State University NATIONALLICENCE 773 0- International Journal of Middle East Studies Cambridge University Press 21/3(1989-08), 359-379 0020-7438 21:3<359 1989 21 MES CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge