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Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence
Journal article   Peer reviewed

Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence

Gabriel Felbermayr, T. Clifton Morgan, Constantinos Syropoulos and Yoto V. Yotov
European economic review, v 135, p103720
01 Jun 2021

Abstract

Business & Economics Economics Social Sciences
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. (c) 2021 Elsevier B.V. All rights reserved.

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Collaboration types
Domestic collaboration
International collaboration
Web of Science research areas
Economics

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