IDEAS home Printed from https://ideas.repec.org/a/bpj/pepspp/v27y2021i4p549-566n1.html
   My bibliography  Save this article

Trade Sanctions and Customs Union Partners of the Target Country: Evidence from Kazakhstan

Author

Listed:
  • Aituar Azat

    (Higher School of Economics, M Narikbayev KAZGUU University, Nur-Sultan, Kazakhstan)

Abstract

This paper analyses the effects of trade sanctions between Russia and Western countries on Kazakhstan. The nature of these sanctions is characterized by unilateral sanctions from Russia and multilateral sanctions against Russia. Although Kazakhstan refused to participate in these sanction wars, this might affect its economy significantly as it is highly integrated into the Russian economy. An empirical analysis is performed on the product level and time series techniques are used to estimate the effects of the sanctions. The paper assesses the overall effectiveness of trade sanctions through aggregating product level results into a sanction index. The derived sanction index shows that multilateral sanctions did not divert the trade flows from Western countries. On the other hand, the index indicates the existence of sanction busting activities against Russian unilateral counter-sanctions, confirming the hypothesis that unilateral sanctions are ineffective and allow for third-country effects.

Suggested Citation

  • Aituar Azat, 2021. "Trade Sanctions and Customs Union Partners of the Target Country: Evidence from Kazakhstan," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 27(4), pages 549-566, December.
  • Handle: RePEc:bpj:pepspp:v:27:y:2021:i:4:p:549-566:n:1
    DOI: 10.1515/peps-2020-0044
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/peps-2020-0044
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    File URL: https://libkey.io/10.1515/peps-2020-0044?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    international negative sanctions; empirical studies of trade; international trade; economic integration; deflected trade; F10; F13; F14; F15;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

    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:bpj:pepspp:v:27:y:2021:i:4:p:549-566:n:1. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    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.