Do Resource Sanctions Work?

Kai Konrad and Marcel Thum

EconPol Forum, 2023, vol. 24, issue 03, 23-26

Abstract: Damage created by an export embargo on exhaustible resources is typically much smaller than the foregone revenues Sanctions prompt the sanctioned country to extract resources later With competitive resource markets, sanctions create no costs—to any of the countries With non-price takers, the sanctioned country and worldwide consumers suffer losses With insecure property rights, sanctions hurt the autocrat most if his or her job security is low, but his international financial assets are safe

Date: 2023
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