Details
| Original language | English |
|---|---|
| Pages (from-to) | 154-194 |
| Number of pages | 41 |
| Journal | Eastern Economic Journal (EEJ) |
| Volume | 50 |
| Issue number | 2 |
| Early online date | 23 Feb 2024 |
| Publication status | Published - 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.
Keywords
- C1, C51, Economic sanctions, European union, F, Gravity model, Russia, Sanction index
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Eastern Economic Journal (EEJ), Vol. 50, No. 2, 04.2024, p. 154-194.
Research output: Contribution to journal › Article › Research › 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 (EEJ)
JF - Eastern Economic Journal (EEJ)
SN - 0094-5056
IS - 2
ER -