Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/325283 
Year of Publication: 
2025
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
This paper provides evidence on the effects of sanctions on economic growth for a sample of 107 countries during 1960-2020. The main findings from our empirical investigation are as follows: sanctions have neither contemporaneous nor delayed effects on output growth; in contrast, we find that military conflicts have strong negative impact on growth; differentiating by the senders, we find that both unilateral and multilateral sanctions are non-effective, whereas US sanctions have strong negative effects on growth; as for the effects of various types of sanctions, we provide evidence on the negative impact of trade and financial sanctions, whereas travel and other sanctions do not affect output growth.
Subjects: 
economic sanctions
output growth
international policy
international conflicts
JEL: 
F43
F51
F53
Document Type: 
Working Paper

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