Economic Sanctions: Stylized Facts and Quantitative Evidence
Gabriel Felbermayr (felbermayr@wifo.ac.at),
Clifton Morgan (morgan@rice.edu),
Constantinos Syropoulos (c.syropoulos@drexel.edu) and
Yoto Yotov
Additional contact information
Gabriel Felbermayr: Vienna University of Economics and Business
Clifton Morgan: Rice University
No 2024001, Working Papers from Center for Global Policy Analysis, LeBow College of Business, Drexel University
Abstract:
The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter century has been accompanied by an equally rapid growth in the number of academic and policy studies. We review recent work in this area. We start by highlighting stylized facts from the Global Sanctions Database, the most comprehensive macro source of information on sanction regimes. We then review the growing empirical literature on the effects of sanctions on economic outcomes with a special focus on trade. Finally, based on the evidence, we discuss open conceptual questions and the direction of future work in the area of sanctions.
Keywords: Economic Sanctions; Data; Stylized Facts; Quantitative Evidence (search for similar items in EconPapers)
JEL-codes: F13 F51 H59 N40 (search for similar items in EconPapers)
Pages: 30
Date: 2024-12
New Economics Papers: this item is included in nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:drx:wpaper:2024001
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