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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/67985998:_____/21:00553171

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA18-18509S" target="_blank" >GA18-18509S: Pyramidové vlastnické struktury v Evropě: Kapitálová struktura, daňové štíty, efektivita, kapitálové toky a sdílení rizika</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Journal of Comparative Economics

ISSN

0147-5967

e-ISSN

1095-7227

Svazek periodika

49

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

14

Strana od-do

244-257

Kód UT WoS článku

000621430200015

EID výsledku v databázi Scopus

2-s2.0-85088147422