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Which sanctions matter? Analysis of the EU/Russian sanctions of 2014

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F21%3A00542082" target="_blank" >RIV/00216208:11640/21:00542082 - isvavai.cz</a>

  • Alternative codes found

    RIV/67985998:_____/21:00553171

  • Result on the web

    <a href="https://doi.org/10.1016/j.jce.2020.07.001" target="_blank" >https://doi.org/10.1016/j.jce.2020.07.001</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1016/j.jce.2020.07.001" target="_blank" >10.1016/j.jce.2020.07.001</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Which sanctions matter? Analysis of the EU/Russian sanctions of 2014

  • Original language description

    We use a quasi-natural experiment of reciprocal imposition of trade sanctions by Russia and the EU since 2014. Using UNCTAD/BACI bilateral flows data we take this unique opportunity to analyse both sanctions. In particular, we study the effectiveness of narrow versus broadly defined sanctions, and differences in the effectiveness of sanctions imposed on exports and imports. We show that the Russian sanctions imposed on European and American food imports resulted in about an 8 times stronger decline in trade flows than those imposed by the EU and the US on exports of extraction equipment. These results do not appear to be driven by diversion of trade flows via non-sanctioning countries. Hence the difference in sanctions’ effectiveness can be attributed to the limited retroactivity of Western sanctions, which allowed exemptions for exports made pursuant to contracts made prior to 2014.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50202 - Applied Economics, Econometrics

Result continuities

  • Project

    <a href="/en/project/GA18-18509S" target="_blank" >GA18-18509S: Corporate pyramids in Europe: Capital structure, tax shields, efficiency, capital flows and risk distribution</a><br>

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2021

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Journal of Comparative Economics

  • ISSN

    0147-5967

  • e-ISSN

    1095-7227

  • Volume of the periodical

    49

  • Issue of the periodical within the volume

    1

  • Country of publishing house

    US - UNITED STATES

  • Number of pages

    14

  • Pages from-to

    244-257

  • UT code for WoS article

    000621430200015

  • EID of the result in the Scopus database

    2-s2.0-85088147422