Identifying and quantifying the extraterritorial effects of sanctions

• Published in: European economic review Vol. 170; p. 104888
• Main Authors: Kwon, Ohyun, Syropoulos, Constantinos, Yotov, Yoto V.
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.11.2024
• Subjects: Economic sanctions; Extraterritorial effects; Primary effects; Trade; Welfare; Trade; F51; Primary effects; Welfare; Q17; F14; Extraterritorial effects; Economic sanctions

We identify the extraterritorial effects of trade sanctions and provide quantitative evidence that they are strong. Additionally, we show that the estimates of the primary effects may be significantly biased if the aforementioned extraterritorial effects are not taken into account. In the context of...