Journal article
Quantifying the impact of economic sanctions on international trade in the energy and mining sectors
Economic inquiry, Vol.60(3), pp.1038-1063
09 Mar 2022
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We study the impact of economic sanctions on international trade in the mining sector. We demonstrate that the gravity equation is well-suited to model bilateral trade costs in mining and find that sanctions have been effective in impeding mining trade. Complete trade sanctions have reduced mining trade by about 44% on average. We also document significant heterogeneity in the sanctions effects on mining trade across industries, sanction episodes/cases, depending on the sanctioning and sanctioned countries, the type of sanctions, and the direction of trade. We take a close look at the impact of recent sanctions on Iran and Russia.
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Details
- Title
- Quantifying the impact of economic sanctions on international trade in the energy and mining sectors
- Creators
- Mario Larch - Centre d'Etudes Prospectives et d'Informations InternationalesSerge Shikher - United States International Trade CommissionConstantinos Syropoulos - Drexel UniversityYoto Yotov - Drexel University
- Publication Details
- Economic inquiry, Vol.60(3), pp.1038-1063
- Publisher
- Wiley
- Number of pages
- 26
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991019168055504721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics