Arbeitspapier
Sanctions and counter-sanctions: What did they do?
Taking the multilateral sanctions program launched against Russia in 2014 as a case study, this paper investigates the economic effects of sanctions and counter-sanctions on a target economy. A synthetic control method for comparative case studies is employed to construct counterfactuals. The estimation results demonstrate that in Russia following sanctions and counter-sanctions real GDP per capita, FDI net in flows and income inequality fell, while the ban on agricultural and food imports introduced by Russia boosted the domestic agricultural sector, resulting in higher agricultural productivity and farm worker incomes. Various placebo studies confirm the significance of obtained estimates. Results are robust to random donor samples.
- ISBN
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978-952-323-306-5
- Language
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Englisch
- Bibliographic citation
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Series: BOFIT Discussion Papers ; No. 24/2019
- Classification
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Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
International Conflicts; Negotiations; Sanctions
Economywide Country Studies: General
- Event
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Geistige Schöpfung
- (who)
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Barseghyan, Gayane
- Event
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Veröffentlichung
- (who)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (where)
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Helsinki
- (when)
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2019
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Barseghyan, Gayane
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Time of origin
- 2019
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