The Impact of Economic Sanctions on South African Exports
AbstractIn the mid-1980s many nations imposed sanctions on South African exports, most of which were subsequently removed during 1991-93. I estimate the effect of eight industrialized economies' sanctions on their imports from South Africa. Outliers are found to strongly influence the parameter estimates. Failure to take account of them leads to the conclusion that sanctions by the (then) European Communities most adversely affected South African exports. In fact, robustness checks reveal that the United States' Comprehensive Anti-Apartheid Act played the largest role, reducing bilateral imports by a third. The broader implications of these findings for estimating gravity equations are discussed. Copyright 2002 by Scottish Economic Society.
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Bibliographic InfoArticle provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.
Volume (Year): 49 (2002)
Issue (Month): 5 (December)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0036-9292
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- Shingal, ANIRUDH, 2009. "How much do agreements matter for services trade?," MPRA Paper 32815, University Library of Munich, Germany, revised 15 May 2010.
- Kubo, Koji, 2013. "Myanmar's non-resource export potential after the lifting of economic sanctions : a gravity model analysis," IDE Discussion Papers 426, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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