Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 154-194 |
| Seitenumfang | 41 |
| Fachzeitschrift | Eastern Economic Journal |
| Jahrgang | 50 |
| Ausgabenummer | 2 |
| Frühes Online-Datum | 23 Feb. 2024 |
| Publikationsstatus | Veröffentlicht - Apr. 2024 |
Abstract
We analyse the effects of sanctions implemented by the European Union against Russia following the latter’s annexation of Crimea in 2014. Indirect effects of sanctions on its non-prohibited exports to Russia are examined using a gravity model of trade that includes a time varying sanction index. A per country analysis is also incorporated to increase the granularity of the results. We find that sanctions led to a decrease in exports of non-prohibited products from certain European countries (i.e., the “losers”) while increasing such exports from others (i.e., the “winners”), an outcome that qualifies as an “unintended consequence” of the sanctions.
ASJC Scopus Sachgebiete
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
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in: Eastern Economic Journal, Jahrgang 50, Nr. 2, 04.2024, S. 154-194.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Impacts of EU Sanctions Levied in 2014 on Individual European Countries' Exports to Russia
T2 - Winners and Losers
AU - Bali, Morad
AU - Nguyen, Thanh T.
AU - Pratson, Lincoln F.
N1 - Funding Information: This work was supported in part by U.S. Department of Defense Minerva Program Grant No. FA9550-21-1-0156. The funding source is not involved in study design, collection, analysis and interpretation of the data, writing report and decision to submit the article for publication.
PY - 2024/4
Y1 - 2024/4
N2 - We analyse the effects of sanctions implemented by the European Union against Russia following the latter’s annexation of Crimea in 2014. Indirect effects of sanctions on its non-prohibited exports to Russia are examined using a gravity model of trade that includes a time varying sanction index. A per country analysis is also incorporated to increase the granularity of the results. We find that sanctions led to a decrease in exports of non-prohibited products from certain European countries (i.e., the “losers”) while increasing such exports from others (i.e., the “winners”), an outcome that qualifies as an “unintended consequence” of the sanctions.
AB - We analyse the effects of sanctions implemented by the European Union against Russia following the latter’s annexation of Crimea in 2014. Indirect effects of sanctions on its non-prohibited exports to Russia are examined using a gravity model of trade that includes a time varying sanction index. A per country analysis is also incorporated to increase the granularity of the results. We find that sanctions led to a decrease in exports of non-prohibited products from certain European countries (i.e., the “losers”) while increasing such exports from others (i.e., the “winners”), an outcome that qualifies as an “unintended consequence” of the sanctions.
KW - C1
KW - C51
KW - Economic sanctions
KW - European union
KW - F
KW - Gravity model
KW - Russia
KW - Sanction index
UR - http://www.scopus.com/inward/record.url?scp=85187308467&partnerID=8YFLogxK
U2 - 10.1057/s41302-024-00266-5
DO - 10.1057/s41302-024-00266-5
M3 - Article
AN - SCOPUS:85187308467
VL - 50
SP - 154
EP - 194
JO - Eastern Economic Journal
JF - Eastern Economic Journal
SN - 0094-5056
IS - 2
ER -