Arbeitspapier

On the Effects of Sanctions on Trade and Welfare

Kieler Arbeitspapiere, /2131/49

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

Autoren

Constantinos Syropoulos
Erdal Yalcin
Yoto V. Yotov

Info

Erscheinungsdatum
JEL Classification
F1, F13, F14, F5, F51, H5, N4.

Schlagworte