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Are Economic Sanctions “Growth Killers”?

Author

Listed:
  • Sarath BANNEHEKA

    (Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania)

  • Ilya BYSTROV

    (Universitatea "Petru Maior" din Tirgu-Mures, Str. Nicolae Iorga nr.1, Tirgu-Mures, Mures, 540088, Romania)

Abstract

The article reflects the first step in investigating the perception that economic sanctions seriously damage a country’s economic potential and results. Upon testing several hypothesis the basic - the effect of sanctions is widely exaggerated and overestimated; and additional assumption - the countries that are under economic sanctions respond with industry growth) it has been revealed that at least in several randomly selected cases economic sanctions don’t cause severe negative consequences.

Suggested Citation

  • Sarath BANNEHEKA & Ilya BYSTROV, 2014. "Are Economic Sanctions “Growth Killers”?," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 1-10, December.
    • Handle: RePEc:pmu:oecono:v:1/2014:y:2014:p:1-10
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/oeconomica/2014/oeconomica1401_01.pdf
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    More about this item

    Keywords

    Economic sanctions; macroeconomic indicators;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other

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