Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/266330
Authors: 
Borin, Alessandro
Conteduca, Francesco Paolo
Mancini, Michele
Year of Publication: 
2022
Version Description: 
17 November 2022
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
In response to the invasion of Ukraine, the EU and most other advanced economies imposed extensive sanctions on Russia, intending to harm its production capabilities and hinder its economic activities by restricting its access to international trade and financial markets. This paper develops an empirical framework based on the synthetic control method to assess the impact of the war and the following sanctions on bilateral and sectoral exports to Russia almost in real time. The war and the following sanctions reduced aggregate exports to Russia by almost half between March-August, with the effects being stronger for sanctioning countries than for non-sanctioning ones, albeit with substantial country-level heterogeneity within each group. Exports to Russia in high-tech sectors-relatively more targeted by trade sanctions-have been disproportionately more affected.
Subjects: 
Synthetic Control
Russia
Sanctions
International trade
War
JEL: 
F51
C54
F13
Document Type: 
Working Paper

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