Political economy of international sanctions

Jerg Gutmann, Matthias Neuenkirch and Florian Neumeier

Chapter 79 in Elgar Encyclopedia of Public Choice, 2025, pp 571-578 from Edward Elgar Publishing

Abstract: We summarize the political economy literature on international sanctions in this chapter. After defining and categorizing sanctions, we discuss theories on why sanctions are used and how they work. Afterward, we provide an overview of the rapidly growing empirical literature on the economic and social effects of sanctions. Finally, we make some suggestions for future research on international sanctions.

Keywords: International sanctions; Political economy; Public choice; Rent seeking; Trade; Transaction costs (search for similar items in EconPapers)
Date: 2025
ISBN: 9781802207743
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