Quantifying the Effect of Economic Sanctions on Trade in Cultural Goods

Thang Doan and Manh Ha Tran

International Economic Journal, 2023, vol. 37, issue 3, 401-423

Abstract: The question of whether the imposition of economic sanctions impairs or nurtures cultural affinity remains controversial. In effect, this paper investigates the effect of economic sanctions on the trade of cultural goods as a proxy for cultural proximity, using cross-country data with 5,304 country pairs ranging from the years 1996–2019. Through extensive robustness checks, our main findings reveal that economic sanctions drive up the trade of cultural goods. The effect on the trade of cultural goods is heterogeneous across various forms of economic sanctions. While military, arms, trade, and travel sanctions are trade facilitators, financial and other sanctions are trade barriers. These effects are conditional on the level of economic development in the sanctioned countries and change over time. Our findings suggest cultural implications of economic sanctions in foreign policy design.

Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/10168737.2023.2220300 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:intecj:v:37:y:2023:i:3:p:401-423

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RIEJ20

DOI: 10.1080/10168737.2023.2220300

Access Statistics for this article

International Economic Journal is currently edited by Jaymin Lee Editor

More articles in International Economic Journal from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().