Economics at your fingertips  

Economic Sanctions and Agricultural Trade

Mario Larch (), Jeff Luckstead and Yoto Yotov

No 9410, CESifo Working Paper Series from CESifo

Abstract: Combining two new datasets on sanctions and agricultural trade and implementing step-by-step the latest developments in the empirical structural gravity literature, we investigate the effects of sanctions on international trade of agricultural products. We find that trade sanctions have been effective in impeding agricultural trade, while other sanctions do not show any significant effects. The complete trade sanctions in our sample have led to about a 73% decrease in the agricultural trade between the sanctioned and sanctioning countries, or a corresponding tariff equivalent of 38.8%, but we also obtain significant estimates for partial sanctions. At the industry level, we find substantial heterogeneity depending on the sanctioning and sanctioned countries, the type of sanctions used, and the direction of trade flows. Focusing on the sanctions on Russia, we find that these sanctions substantially decreased bilateral trade of Russia, mainly due to reduced trade with the EU.

Keywords: structural gravity; sanctions; agriculture; Russia; heterogeneity (search for similar items in EconPapers)
JEL-codes: F14 F51 Q17 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-agr, nep-cis, nep-int and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: Economic Sanctions and Agricultural Trade (2021) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

Page updated 2022-01-16
Handle: RePEc:ces:ceswps:_9410