Arbeitspapier
The cost of sanctions: Estimating lost trade with gravity
Economic sanctions are a frequently used tool of foreign policy. Constraining trade flows towards or from the target country is supposed to coerce its government into changing certain policies. However, sanctions constitute an obstacle to trade, thereby affecting flows of all countries, including those of sanctioning countries themselves. I gauge the global impact of three recent sanctions regimes using a structural gravity framework and quantify the "lost trade" in a general equilibrium counterfactual exercise. Each of the episodes, sanctions against Iran, Russia and Myanmar, are instructive in their own way, due to the different nature of bilateral trade and severity of measures applied.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 2093
- Klassifikation
-
Wirtschaft
International Conflicts; Negotiations; Sanctions
Empirical Studies of Trade
Trade Policy; International Trade Organizations
National Security; Economic Nationalism
- Thema
-
sanctions
embargo
General equilibrium counterfactuals
foreign policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hinz, Julian
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hinz, Julian
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2017