Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95886
Authors: 
Neuenkirch, Matthias
Neumeier, Florian
Year of Publication: 
2014
Series/Report no.: 
Joint Discussion Paper Series in Economics 24-2014
Abstract: 
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP growth. Our sample includes 68 countries and covers the period 1976 - 2012. We find that sanctions imposed by the UN have a statistically and economically significant influence on economic growth, but that the effect of US sanctions is less clear. On average, the imposition of UN sanctions decreases the target state's real per capita GDP growth rate by 2.3 - 3.5 percentage points (pp). Comprehensive UN economic sanctions, that is, embargoes affecting nearly all economic activity, trigger a reduction in GDP growth by more than 5 pp.
Subjects: 
Economic growth
economic sanctions
United Nations
United States
JEL: 
F43
F51
F52
F53
Document Type: 
Working Paper

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