Russian food embargo and the lost trade

Nonparametric counterfactual predictions in neoclassical models of international trade

Angela Cheptea and Carl Gaigne

European Review of Agricultural Economics, 2020, vol. 47, issue 2, 684-718

Abstract: We analyse the impact of the Russian food embargo on European and Russian trade patterns using a triple-difference estimation strategy. We quantify the embargo-induced loss in EU28 exports at €125 million per month. Only 45 per cent of the drop in EU exports of banned products to Russia was due to the ban. EU member states were unevenly affected by the ban. The estimated losses of welfare in Russia range from 0.2 to 0.6 per cent (In absolute terms, this represents €18 to €58 of the 2013 revenue of the average Russian consumer.).

Keywords: international trade; Russian embargo; trade diversion; intensive and extensive trade margins (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (28)

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Related works:
Working Paper: Russian Food Embargo and the Lost Trade (2020)
Working Paper: Russian food embargo and the lost trade (2018)
Working Paper: Russian food embargo and the lost trade (2018)
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