Dieser Artikel reagiert kritisch auf die Forderung einer Gruppe namhafter Wirtschaftsethiker, Unternehmen sollten um ihrer gesellschaftlichen Verantwortung willen sämtliche Geschäftsbeziehungen mit Russland sofort und beinahe ausnahmslos unterbinden. Gegen diese Forderung werden drei Einwände...

Dieser Artikel reagiert kritisch auf die Forderung einer Gruppe namhafter Wirtschaftsethiker, Unternehmen sollten um ihrer gesellschaftlichen Verantwortung willen sämtliche Geschäftsbeziehungen mit Russland sofort und beinahe ausnahmslos unterbinden. Gegen diese Forderung werden drei Einwände...

In a controversial policy paper, Bachmann et al. (2022) argued back in March 2022 that the economic effects for Germany of a complete immediate stop of energy imports from Russia would be small, between 0.5% and 3% of GDP. Baqaee et al. (2022) even presented 0.3% GDP loss in the case of an...

Political unrest inevitably has consequences for a national economy. International trade in a globalised world has great importance for countries. Unfortunately, due to various political events, countries apply some restrictions to each other. In 2014, Western countries imposed sanctions on...

In this essay, I outline a method to compute the economic impact of a sudden stop of natural gas imports from Russia. First, I estimate the reduction in the short-run supply of natural gas for the economy and the industry sector. Second, I use model simulations to analyse the effect of a sudden...

In der politischen Debatte um die richtige Reaktion des Westens auf den russischen Angriffskrieg auf die Ukraine steht neben den bereits beschlossenen Sanktionen ein sofortiges Gasembargo als Mittel im Raum, um den wirtschaftspolitischen Druck auf Russland zu erhöhen. Hier ist insbesondere...

This paper shows the impact of immigration and ethnic diversity on corporate behavior. I use the lifting of the trade embargo against Vietnam as an exogenous shock to product market competition, I show that immigrant networks formed before the embargo was lifted is the channel through which...

Western powers have discussed and implemented several policies in response to the full scale Russian invasion of Ukraine in February 2022. One such possible answer was an immediate embargo on all Russian energy exports to the EU. While seen as a strong measure against Russia's war effort, some...

Unlike produced commodities, the extraction and sale of oil or natural gas is an "asset swap": assets stored in the ground are converted into financial assets. The value of assets in the ground is reduced by the amount taken out and sold. This is important for assessing the coercive power of the...

Companies and countries have needed to adapt their activities to the consequences of the Russian war in Ukraine. The analysis in this article shows that both the Russian war in Ukraine and the subsequent trade restrictions have become a powerful trigger, significantly increasing the level of...

This paper examines the impact of coalitions on the economic costs of the 2012 Iran and 2014 Russia sanctions. By estimating and simulating a quantitative general equilibrium trade model under different coalition set-ups, we (i) dissect welfare losses for sanction-senders and target; (ii)...

This paper examines the impact of coalitions on the economic costs of the 2012 Iran and 2014 Russia sanctions. By estimating and simulating a quantitative general equilibrium trade model under different coalition set-ups, we (i) dissect welfare losses for sanction-senders and target; (ii)...

Both the financial crisis of the first decade of the 21st century, as well as the deterioration of trade relations between the European Union and the Russian Federation were events that significantly affected the functioning of the largest listed companies on the food market: on the one hand,...

This paper investigates why the US economic embargo against Cuba is still in place, despite its lack of effectiveness towards the stated objectives of the US government. An explanatory approach with two theoretical frameworks from economics and political science is applied. The paper explores...

The United States came close to complete autarky in 1808 as a result of a self-imposed embargo on international shipping from December 1807 to March 1809. Monthly prices of exported and imported goods reveal the embargo's striking effect on commodity markets and allow a calculation of its...

This paper investigates whether sanctions imposed in the wake of the Ukraine crisis by Western countries and Russia have been evaded by analyzing monthly product-level trade patterns. Consolidating different methods from the literature related to the detection of illicit trade, I find that goods...

Economic sanctions are a frequently used tool of foreign policy. Constraining trade flows towards or from the target country is supposed to coerce its government into changing certain policies. However, sanctions constitute an obstacle to trade, thereby affecting flows of all countries,...

Political unrest inevitably has consequences for a national economy. International trade in a globalised world has great importance for countries. Unfortunately, due to various political events, countries apply some restrictions to each other. In 2014, Western countries imposed sanctions on...

"This book is a must for those who deal with United States government export control and economic sanctions regulations. Written as a user's manual rather than an academic or historical treatise, it covers in considerable detail-but in language that is intelligible to non-lawyers as well as...

We show that the exchange rate may appreciate or depreciate depending on the specific mix of sanctions imposed, even if the underlying equilibrium allocation is the same. Sanctions that limit a country's imports tend to appreciate the country's exchange rate, while sanctions that limit exports...

In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in response to the economic sanctions. The measure was designed to harm producers in United States, European Union, Norway, Ukraine, along other Western countries. In this...

Both the financial crisis of the first decade of the 21st century, as well as the deterioration of trade relations between the European Union and the Russian Federation were events that significantly affected the functioning of the largest listed companies on the food market: on the one hand,...

While scholars and journalists have written exhaustively about the property claims against Cuba certified by the U.S. Foreign Claims Settlement Commission, little attention has been paid to Cuba's public international law claim against the United States for embargo losses caused by its...

What are the calculations of states in the international system when it comes to cooperation in the area of prohibition? By shifting the focus from normative policy outcomes to the importance of relationship-specific negotiation incentives, this work helps to explain the emergence and stability...

Introduction -- Three WTO cases against Chinese export duties -- The reception of the ban on Chinese export duties : concerns, solutions, and the missing piece -- A harsh ban on export duties would preventa country from protecting the environment under certain circumstances -- Policy rationales...

This paper focuses on the effects of sanctions on Swedish firms' sales across markets, as well as sanctions' effects on their domestic production. As a case study, the paper uses sanctions imposed on Russia and by Russia in 2014. The results suggest that the total costs of these sanctions due to...

In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in response to the economic sanctions. The measure was designed to harm producers in United States, European Union, Norway, Ukraine, along other Western countries. In this...

Economic sanctions are a frequently used tool of foreign policy. Constraining trade flows towards or from the target country is supposed to coerce its government into changing certain policies. However, sanctions constitute an obstacle to trade, thereby affecting flows of all countries,...

One of the basic rules in trade law is the freedom of trade. However, such rule encounters some limitations when the object of trade is constituted by strategic items, such as dual-use items, which may have peaceful (civilian/commercial) or non peaceful/military applications. Trade of these...

This paper uses a global general equilibrium simulation model to quantify the effects of lifting economic sanctions on Iran with and without strategic responses. Iran benefits the most, with average per capita welfare gains ranging from close to 3 percent, in the case when Iran's crude oil...