Joint Discussion Paper Series in Economics by the Universities of Aachen ∙ Gießen ∙ Göttingen Kassel ∙ Marburg ∙ Siegen ISSN 1867-3678 No. 16-2019 Mohammad Reza Farzanegan, Mehdi Feizi and Hassan Gholipour Fereidouni Drought and property Prices: Empirical Evidence from Iran This paper can be downloaded from http://www.uni-marburg.de/fb02/makro/forschung/magkspapers Coordination: Bernd Hayo • Philipps-University Marburg School of Business and Economics • Universitätsstraße 24, D-35032 Marburg Tel: +49-6421-2823091, Fax: +49-6421-2823088, e-mail:
[email protected] Nr. 2019/02 Drought and property Prices: Empirical Evidence from Iran. Mohamed Reza Farzanegan, Mehdi Feizi MACIE, Philipps-Universität Marburg Hassan F. Gholipour Swinburne University of Technology, Australia Marburg Centre for Institutional Economics • Coordination: Prof. Dr. Elisabeth Schulte c/o Research Group Institutional Economics • Barfuessertor 2 • D-35037 Marburg Phone: +49 (0) 6421-28-23196 • Fax: +49 (0) 6421-28-24858 • www.uni-marburg.de/fb02/MACIE •
[email protected] This version: 28 June 2019 Drought and Property Prices: Empirical Evidence from Iran Mohammad Reza Farzanegan1, Mehdi Feizi2, Hassan Gholipour Fereidouni3 1 Economics of the Middle East Research Group, Center for Near and Middle Eastern Studies (CNMS) & School of Business and Economics, Philipps-Universität Marburg, Marburg, Germany & ERF (Cairo), CESifo (Munich), Email:
[email protected] 2 Faculty of Economics and Administrative Sciences, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran, Email:
[email protected] 3 Swinburne Business School, Swinburne University of Technology, Hawthorn, Australia, Email:
[email protected] Abstract This study demonstrates an economic consequence of climate change and water crises in Iran.