Quantifying the impact of economic sanctions on international trade in the energy and mining sectors

• Published in: Economic inquiry Vol. 60; no. 3; pp. 1038 - 1063
• Main Authors: Larch, Mario, Shikher, Serge, Syropoulos, Constantinos, Yotov, Yoto V.
• Format: Journal Article
• Language: English
• Published: Huntington Beach Western Economic Association 01.07.2022
• Subjects: Gravity; International trade; Mining; oil; Sanctions; structural gravity; trade effects

We study the impact of economic sanctions on international trade in the mining sector. We demonstrate that the gravity equation is well‐suited to model bilateral trade costs in mining and find that sanctions have been effective in impeding mining trade. Complete trade sanctions have reduced mining t...