Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence

We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in Economics and Political Science. Our interdisciplinary p...

Full description

Saved in:
Bibliographic Details
Published inEuropean economic review Vol. 135; p. 103720
Main Authors Felbermayr, Gabriel, Morgan, T. Clifton, Syropoulos, Constantinos, Yotov, Yoto V.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.06.2021
Elsevier Science Publishers
Subjects
Economic Sanctions
Embargoes
Sanction Data
Sanction theories
Sanctions (International law)
Embargoes
F51
Sanction Data
N4
F14
F13
F1
Economic Sanctions
H5
Sanction theories
F5
Online AccessGet full text

Cover

More Information
Summary:We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in Economics and Political Science. Our interdisciplinary perspective highlights the existence of a stark contrast in the ways the two disciplines view and analyze sanctions. Taking advantage of this perspective, we identify potential directions for future work. Most importantly, we argue that moving toward a better understanding of the causes and consequences of economic sanctions requires a much tighter integration of concepts from Political Science and Economics and a more extensive interdisciplinary collaboration.
ISSN:0014-2921
1873-572X
DOI:10.1016/j.euroecorev.2021.103720