The impact of UN and US economic sanctions on GDP growth

Arbeitspapier

In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP growth. Our sample includes 68 countries and covers the period 1976 - 2012. We find that sanctions imposed by the UN have a statistically and economically significant influence on economic growth, but that the effect of US sanctions is less clear. On average, the imposition of UN sanctions decreases the target state's real per capita GDP growth rate by 2.3 - 3.5 percentage points (pp). Comprehensive UN economic sanctions, that is, embargoes affecting nearly all economic activity, trigger a reduction in GDP growth by more than 5 pp.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 24-2014

Classification and Topics

• Classification: Wirtschaft ; Economic Growth of Open Economies ; International Conflicts; Negotiations; Sanctions ; National Security; Economic Nationalism ; International Agreements and Observance; International Organizations
• Subject: Economic growth ; economic sanctions ; United Nations ; United States

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Neuenkirch, Matthias ; Neumeier, Florian
• Event: Veröffentlichung
• (who): Philipps-University Marburg, Faculty of Business Administration and Economics
• (where): Marburg
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/95886
• Last update: 10.03.2025, 11:43 AM CET