IDEAS home Printed from https://ideas.repec.org/p/ris/drxlwp/2024_008.html
   My bibliography  Save this paper

The Global Sanctions Data Base - Release 4: The Heterogeneous Effects of the Sanctions on Russia

Author

Listed:
  • Yalcin, Erdal

    (Konstanz University)

  • Felbermayr, Gabriel

    (WIFO & Vienna University)

  • Kariem, Heider

    (WIFO, Vienna University)

  • Kirilakha, Aleksandra

    (Drexel University)

  • Ohyun, Kwon

    (Drexel University)

  • Syropoulos, Constantinos

    (Drexel University)

  • Yotov, Yoto

    (Drexel University)

Abstract

This paper introduces the fourth release of the Global Sanctions Data Base (GSDBR4). Covering the period 1950-2023, it contains 1,547 sanction cases, including the recent ones against Russia. The GSDB-R4 comes in two versions, a case-specific and a dyadic one, both freely available upon request at GSDB@drexel.edu. To highlight one of the new features of the GSDB-R4, we combine it with trade data until 2023 to study the effects of the sanctions on Russia’s trade within an econometric gravity model. We find that, on average, the effects on trade between Russia and the sanctioning countries are negative and statistically significant, but relatively small. We also find that the effects are very heterogeneous across senders, including the EU members. Finally, our estimates identify the presence of a reduction in the direct bilateral trade costs in Russia’s bilateral trade with India, China, and Turkey, even after controlling for all possible general equilibrium effects. The implication is that such trade cost decreases may offset the effects of Western sanctions and thus benefit Russia.

Suggested Citation

  • Yalcin, Erdal & Felbermayr, Gabriel & Kariem, Heider & Kirilakha, Aleksandra & Ohyun, Kwon & Syropoulos, Constantinos & Yotov, Yoto, 2024. "The Global Sanctions Data Base - Release 4: The Heterogeneous Effects of the Sanctions on Russia," School of Economics Working Paper Series 2024-8, LeBow College of Business, Drexel University.
  • Handle: RePEc:ris:drxlwp:2024_008
    as

    Download full text from publisher

    File URL: https://drive.google.com/file/d/1YR4hIsP-5eHb__bKDXMCcAVcrG3H-_W2/view?usp=sharing
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. James E. Anderson & Eric van Wincoop, 2003. "Gravity with Gravitas: A Solution to the Border Puzzle," American Economic Review, American Economic Association, vol. 93(1), pages 170-192, March.
    2. Fabio Ghironi & Daisoon Kim & G. Kemal Ozhan, 2024. "International Trade and Macroeconomic Dynamics with Sanctions," NBER Working Papers 32188, National Bureau of Economic Research, Inc.
    3. Matthieu Crozet & Julian Hinz, 2020. "Friendly fire: the trade impact of the Russia sanctions and counter-sanctions," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(101), pages 97-146.
    4. Joakim Gullstrand, 2020. "What goes around comes around: The effects of sanctions on Swedish firms in the wake of the Ukraine crisis," The World Economy, Wiley Blackwell, vol. 43(9), pages 2315-2342, September.
    5. Fernald, John G. & Hsu, Eric & Spiegel, Mark M., 2021. "Reprint: Is China fudging its GDP figures? Evidence from trading partner data," Journal of International Money and Finance, Elsevier, vol. 114(C).
    6. Solomon William Polachek, 1980. "Conflict and Trade," Journal of Conflict Resolution, Peace Science Society (International), vol. 24(1), pages 55-78, March.
    7. Jean Imbs & Laurent Pauwelss, 2024. "An empirical approximation of the effects of trade sanctions with an application to Russia," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 39(117), pages 159-200.
    8. Baier, Scott L. & Yotov, Yoto V. & Zylkin, Thomas, 2019. "On the widely differing effects of free trade agreements: Lessons from twenty years of trade integration," Journal of International Economics, Elsevier, vol. 116(C), pages 206-226.
    9. Peter H. Egger & Mario Larch & Yoto V. Yotov, 2022. "Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements," Economica, London School of Economics and Political Science, vol. 89(353), pages 44-61, January.
    10. Egger, Peter & Larch, Mario, 2008. "Interdependent preferential trade agreement memberships: An empirical analysis," Journal of International Economics, Elsevier, vol. 76(2), pages 384-399, December.
    11. Mario Larch & Serge Shikher & Constantinos Syropoulos & Yoto V. Yotov, 2022. "Quantifying the impact of economic sanctions on international trade in the energy and mining sectors," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1038-1063, July.
    12. Kornel Mahlstein & Christine McDaniel & Simon Schropp & Marinos Tsigas, 2022. "Estimating the economic effects of sanctions on Russia: An Allied trade embargo," The World Economy, Wiley Blackwell, vol. 45(11), pages 3344-3383, November.
    13. Gary Clyde Hufbauer & Barbara Oegg, 2003. "The Impact of Economic Sanctions on US Trade: Andrew Rose's Gravity Model," Policy Briefs PB03-04, Peterson Institute for International Economics.
    14. de Souza, Gustavo & Hu, Naiyuan & Li, Haishi & Mei, Yuan, 2024. "(Trade) War and peace: How to impose international trade sanctions," Journal of Monetary Economics, Elsevier, vol. 146(C).
    15. Baier, Scott L. & Bergstrand, Jeffrey H., 2007. "Do free trade agreements actually increase members' international trade?," Journal of International Economics, Elsevier, vol. 71(1), pages 72-95, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lisandra Flach & Inga Heiland & Mario Larch & Marina Steininger & Feodora A. Teti, 2024. "Quantifying the partial and general equilibrium effects of sanctions on Russia," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 281-323, February.
    2. Mario Larch & Serge Shikher & Constantinos Syropoulos & Yoto V. Yotov, 2022. "Quantifying the impact of economic sanctions on international trade in the energy and mining sectors," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1038-1063, July.
    3. Mario Larch & Jeff Luckstead & Yoto V. Yotov, 2024. "Economic sanctions and agricultural trade," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(4), pages 1477-1517, August.
    4. Ina C. Jäkel & Søren Østervig & Erdal Yalcin, 2024. "The effects of heterogeneous sanctions on exporting firms: Evidence from Denmark," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 161-189, February.
    5. Yoto V. Yotov, 2024. "The evolution of structural gravity: The workhorse model of trade," Contemporary Economic Policy, Western Economic Association International, vol. 42(4), pages 578-603, October.
    6. Constantinos Syropoulos & Gabriel Felbermayr & Aleksandra Kirilakha & Erdal Yalcin & Yoto V. Yotov, 2024. "The global sanctions data base–Release 3: COVID‐19, Russia, and multilateral sanctions," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 12-48, February.
    7. Benjamin Jung, 2023. "The Trade Effects of the EU-South Korea Free Trade Agreement: Heterogeneity Across Time, Country Pairs, and Directions of Trade within Country Pairs," Open Economies Review, Springer, vol. 34(3), pages 617-656, July.
    8. Mario Larch & Yoto V. Yotov, 2024. "Estimating the effects of trade agreements: Lessons from 60 years of methods and data," The World Economy, Wiley Blackwell, vol. 47(5), pages 1771-1799, May.
    9. Kwon, Ohyun & Syropoulos, Constantinos & Yotov, Yoto V., 2024. "Identifying and quantifying the extraterritorial effects of sanctions," European Economic Review, Elsevier, vol. 170(C).
    10. Zouheir El-Sahli, 2023. "The Partial and General Equilibrium Effects of the Greater Arab Free Trade Agreement," The International Trade Journal, Taylor & Francis Journals, vol. 37(2), pages 185-199, March.
    11. Beniamino Quintieri & Giovanni Stamato, 2023. "Are preferential agreements beneficial to EU trade? New evidence from the EU–South Korea treaty," The World Economy, Wiley Blackwell, vol. 46(12), pages 3511-3541, December.
    12. Tibor Besedeš & Stefan Goldbach & Volker Nitsch, 2024. "Smart or smash? The effect of financial sanctions on trade in goods and services," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 223-251, February.
    13. Fontagné, Lionel & Santoni, Gianluca, 2021. "GVCs and the endogenous geography of RTAs," European Economic Review, Elsevier, vol. 132(C).
    14. Devasmita Jena & C. Akash & Prachi Gupta, 2024. "Deflecting economic sanctions: do trade and political alliances matter?," International Economics and Economic Policy, Springer, vol. 21(3), pages 543-567, July.
    15. Ohyun Kwon & Constantinos Syropoulos & Yoto V. Yotov, 2022. "The Extraterritorial Effects of Sanctions," CESifo Working Paper Series 9578, CESifo.
    16. Haoran Li & Xibo Wan & Wendong Zhang, 2024. "Do firms hedge against political tensions? Evidence from Chinese food importers of Norwegian salmon," The World Economy, Wiley Blackwell, vol. 47(8), pages 3618-3647, August.
    17. Kenta Yamanouchi, 2019. "Heterogeneous Impacts of Free Trade Agreements: The Case of Japan," Asian Economic Papers, MIT Press, vol. 18(2), pages 1-20, Summer.
    18. Lin, Qi & Lin, Xi, 2023. "Unveiling the trade and welfare effects of regional services trade agreements: A structural gravity approach," Economic Modelling, Elsevier, vol. 127(C).
    19. Milena Kern & Jörg Paetzold & Hannes Winner, 2021. "Cutting red tape for trade in services," The World Economy, Wiley Blackwell, vol. 44(10), pages 2858-2886, October.
    20. Nagengast, Arne & Rios-Avila, Fernando & Yotov, Yoto, 2024. "The European Single Market and Intra-EU Trade: An Assessment with Heterogeneity-Robust Difference-in-Differences Methods," School of Economics Working Paper Series 2024-5, LeBow College of Business, Drexel University, revised 06 May 2024.

    More about this item

    Keywords

    Sanctions; Database; GSDB; Sanctions on Russia;
    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:drxlwp:2024_008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard C. Barnett (email available below). General contact details of provider: https://edirc.repec.org/data/cbdreus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.