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In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10011987983
We propose a data-based approximation of the effects of trade sanctions. We validate the approximation by comparing it …. As such it provides a practical shortcut to evaluating the consequences of trade sanctions without having to make … difficult calibration choices. We implement our approximation to evaluate the consequences of trade sanctions between Europe and …
Persistent link: https://www.econbiz.de/10014358683
producers from unfair trade practices, they have frequently been used as weapons of protectionism even when dumping has not … ethically and concludes that President Barack Obama “needs to be bold on trade” by starting out with correcting the popular view … inherent claim on the funds of consumers. The only ethical way of obtaining consumer funds is through voluntary trade. Using …
Persistent link: https://www.econbiz.de/10012980240
Numerous articles have been written on economic sanctions over the past few decades. Most papers take an overall … approach, focusing on the utilities and dis-utilities of sanctions in general or on a specific sanction. While this paper also … looks at general aspects of sanctions, it goes beyond the usual focus and also examines some particular aspects of economic …
Persistent link: https://www.econbiz.de/10012980254
Foreign trade is an area about which much has been written. The majority of economists, going back to Adam Smith, have … generally concluded that trade is good, and that it should be free and unhampered, at least most of the time. The reasoning … behind their conclusion is almost always utilitarian-based. Free and unrestricted trade is good because the majority benefits …
Persistent link: https://www.econbiz.de/10014034709
There is strong empirical evidence showing that political relations have an impact on aggregate bilateral trade flows … and test the mechanism in reduced-form. We implement a difference-in-differences approach with monthly trade flows and a … trade flows, and that the response is larger for products in markets with low price gaps to alternative sourcing partners …
Persistent link: https://www.econbiz.de/10012906347
renewed US pressure on banks from third countries dealing with Russia. The effectiveness of trade sanctions crucially hinges …
Persistent link: https://www.econbiz.de/10015065631
In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10012889683
helping targets circumvent restrictions. I study the effects of sanctions on trade among neighbors and targets using data from …Geographic neighbors of sanctioned countries (targets) may suffer from indirect effects of sanctions or benefit by … sanctions are in place. Additionally, I show that the weight of arms exported by neighbors to Iran, as well as value of dual use …
Persistent link: https://www.econbiz.de/10015053774
We provide quantitative evidence that the primary effects of economic sanctions on trade and welfare are accompanied by … taken into account. Furthermore, while the extraterritorial burden of sanctions on trade falls primarily on target countries …, the corresponding effect on trade among senders and third countries is positive. General equilibrium analysis suggests …
Persistent link: https://www.econbiz.de/10012817920