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Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc

Author

Listed:
  • Felbermayr, Gabriel

    (Kiel Institute, Kiel University)

  • Morgan, T. Clifton

    (Rice University)

  • Syropoulos, Constantinos

    (School of Economics)

  • Yotov, Yoto

    (School of Economics)

Abstract

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

Suggested Citation

  • Felbermayr, Gabriel & Morgan, T. Clifton & Syropoulos, Constantinos & Yotov, Yoto, 2021. "Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc," School of Economics Working Paper Series 2021-11, LeBow College of Business, Drexel University.
    • Handle: RePEc:ris:drxlwp:2021_011
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    References listed on IDEAS

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    18. Felbermayr, Gabriel & Syropoulos, Constantinos & Yalcin, Erdal & Yotov, Yoto, 2020. "On the Heterogeneous Effects of Sanctions on Trade and Welfare: Evidence from the Sanctions on Iran and a New Database," School of Economics Working Paper Series 2020-4, LeBow College of Business, Drexel University.
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    More about this item

    Keywords

    Economic Sanctions; Embargoes; Sanction Theories; Sanction Data;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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