Journal article
The Global Sanctions Data Base—Release 4: The Heterogeneous Effects of the Sanctions on Russia
World economy, v 48(9), pp 2003-2017
19 Jun 2025
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
ABSTRACT
This paper introduces the fourth release of the Global Sanctions Data Base (GSDB‐R4). Covering the period 1950–2023, it contains 1547 sanctions cases, including the recent ones against Russia. The GSDB‐R4 comes in two versions, a case‐specific and a dyadic version, both freely available upon request. To highlight one of the new features of the GSDB‐R4, we combine it with trade data until 2023 to study the effects of the sanctions on Russia's trade within an econometric gravity model. We find that, on average, the effects on trade between Russia and the sanctioning countries are negative and statistically significant, but relatively small. We also find that the effects are very heterogeneous across senders, including the EU members. Finally, our estimates identify the presence of a reduction in the direct bilateral trade costs in Russia's bilateral trade with India, China and Turkey, even after controlling for all possible general equilibrium effects. The implication is that such trade cost decreases may offset the effects of Western sanctions and even lead to net benefits for Russia.
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Details
- Title
- The Global Sanctions Data Base—Release 4: The Heterogeneous Effects of the Sanctions on Russia
- Creators
- Erdal Yalcin - HTWG Hochschule Konstanz - Technik, Wirtschaft und GestaltungGabriel Felbermayr - Austrian Institute of Economic ResearchHeider Kariem - Austrian Institute of Economic ResearchAleksandra Kirilakha - Drexel UniversityOhyun Kwon - Drexel University, Economics (School of Economics)Constantinos Syropoulos - Drexel University, Economics (School of Economics)Yoto V. Yotov - Drexel University, Economics (School of Economics)
- Publication Details
- World economy, v 48(9), pp 2003-2017
- Publisher
- Wiley
- Number of pages
- 15
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:001511781500001
- Scopus ID
- 2-s2.0-105008674371
- Other Identifier
- 991022060032404721
UN Sustainable Development Goals (SDGs)
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business, Finance
- Economics
- International Relations