The Impact of Economic Sanctions on Income Inequality of Target States

Sylvanus Afesorgbor and Renuka Mahadevan

World Development, 2016, vol. 83, issue C, 1-11

Abstract: In this paper, we draw on established theoretical work to analyze empirically which segments of the population in the target states bear the most cost when economic sanctions are imposed. Using a cross-country analysis of 68 target states from 1960 to 2008, we find robust empirical evidence that the imposition of sanctions have a deleterious effect on income inequality. Focusing on various sanction instruments, financial and trade sanctions were found to have different impacts on income inequality. Lastly, the adverse effect of the sanctions was more severe on income inequality when sanctions span longer duration.

Keywords: economic sanctions; duration of sanctions; income inequality (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (54)

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Working Paper: The Impact of Economic Sanctions on Income Inequality of Target States (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:83:y:2016:i:c:p:1-11

DOI: 10.1016/j.worlddev.2016.03.015

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