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

Title data

Larch, Mario ; Shikher, Serge ; Syropoulos, Constantinos ; Yotov, Yoto V.:
Quantifying the impact of economic sanctions on international trade in the energy and mining sectors.
In: Economic Inquiry. Vol. 60 (2022) Issue 3 . - pp. 1038-1063.
ISSN 0095-2583
DOI: https://doi.org/10.1111/ecin.13077

Abstract in another language

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 trade by about 44% on average. We also document significant heterogeneity in the sanctions effects on mining trade across industries, sanction episodes/cases, depending on the sanctioning and sanctioned countries, the type of sanctions, and the direction of trade. We take a close look at the impact of recent sanctions on Iran and Russia.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: mining; oil; sanctions; structural gravity; trade effects
Subject classification: JEL: F1, F13, F14, F5, F51, H5, N4
Institutions of the University: Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research > Chair Economics VI: Empirical Economic Research - Univ.-Prof. Dr. Mario Larch
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 02 Jun 2022 06:43
Last Modified: 02 Jun 2022 06:43
URI: https://eref.uni-bayreuth.de/id/eprint/69899