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
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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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