ARE ECONOMIC SANCTIONS “GROWTH KILLERS”?

Sarath Banneheka and Ilya Bystrov
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Sarath Banneheka: Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania
Ilya Bystrov: Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2014, vol. 1/2014, 1-10

Abstract: The article reflects the first step in investigating the perception that economic sanctions seriously damage a country’s economic potential and results. Upon testing several hypothesis the basic - the effect of sanctions is widely exaggerated and overestimated; and additional assumption - the countries that are under economic sanctions respond with industry growth) it has been revealed that at least in several randomly selected cases economic sanctions don’t cause severe negative consequences.

Keywords: Economic sanctions; macroeconomic indicators (search for similar items in EconPapers)
JEL-codes: E00 E19 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pmu:oecono:v:1/2014:y:2014:p:1-10

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