Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc

Gabriel Felbermayr, T. Clifton Morgan (morgan@rice.edu), Constantinos Syropoulos (c.syropoulos@drexel.edu) and Yoto Yotov
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T. Clifton Morgan: Rice University

No 2021-11, School of Economics Working Paper Series from LeBow College of Business, Drexel University

Abstract: We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in Economics and Political Science. Our interdisciplinary perspective highlights the existence of a stark contrast in the ways the two disciplines view and analyze sanctions. Taking advantage of this perspective, we identify potential directions for future work. Most importantly, we argue that moving toward a better understanding of the causes and consequences of economic sanctions requires a much tighter integration of concepts from Political Science and Economics and a more extensive interdisciplinary collaboration

Keywords: Economic Sanctions; Embargoes; Sanction Theories; Sanction Data (search for similar items in EconPapers)
JEL-codes: F13 F14 F51 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2021-03-24
New Economics Papers: this item is included in nep-cwa and nep-int
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Citations: View citations in EconPapers (42)

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Journal Article: Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:drxlwp:2021_011

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