Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence

Gabriel Felbermayr, T. Clifton Morgan, Constantinos Syropoulos () and Yoto Yotov

European Economic Review, 2021, vol. 135, issue C

Abstract: We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in Economics and Political Science. Our interdisciplinary perspective highlights the existence of a stark contrast in the ways the two disciplines view and analyze sanctions. Taking advantage of this perspective, we identify potential directions for future work. Most importantly, we argue that moving toward a better understanding of the causes and consequences of economic sanctions requires a much tighter integration of concepts from Political Science and Economics and a more extensive interdisciplinary collaboration.

Keywords: Economic Sanctions; Embargoes; Sanction theories; Sanction Data (search for similar items in EconPapers)
JEL-codes: F1 F13 F14 F5 F51 H5 N4 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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Working Paper: Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:135:y:2021:i:c:s0014292121000738

DOI: 10.1016/j.euroecorev.2021.103720

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