Report
On the Effects of Sanctions on Trade and Welfare
Policy File
Kiel Institute for World Economy
01 Jun 2019
Abstract
Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction type, we carefully investigate the case of Iran. Effects are significant but also widely heterogeneous across sanctioning countries. Moreover, they depend on the direction of trade. We also perform a counterfactual analysis which translates our partial equilibrium sanction estimates into heterogeneous but intuitive general equilibrium effects within the same framework.
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Details
- Title
- On the Effects of Sanctions on Trade and Welfare
- Creators
- Gabriel FelbermayrConstantinos SyropoulosErdal YalcinYoto Yotov
- Publication Details
- Policy File
- Publisher
- Kiel Institute for World Economy
- Resource Type
- Report
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991021807015104721