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Revisiting Economic Sanctions Reconsidered

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  • A. Cooper Drury

    (Department of Political Science, Arizona State University)

Abstract

Hufbauer, Schott and Elliott have written probably the most comprehensive empirical study of economic sanctions in their volume Economic Sanctions Reconsidered: History and Current Policy. They conclude their analysis with several policy recommendations. However, there are problems with their empirical analysis that significantly affect these recommendations. To overcome these problems, I reanalyze their data using ordered logit estimation. In addition to modeling their policy recommendations, I add three hypotheses derived from the sanction literature. The results show that most of the relationships between the variables in their recommendations are insignificant, calling their accuracy and importance into question. In two cases, the original recommendations are accurate only when conditioned by other variables. Cooperation only has a negative effect on success when international organizations are not involved, and nations trying to subvert the sanctions only succeed when the target was originally dependent on the sender for its imports. I conclude by discussing the policy implications these findings have for the future use of economic sanctions.

Suggested Citation

  • A. Cooper Drury, 1998. "Revisiting Economic Sanctions Reconsidered," Journal of Peace Research, Peace Research Institute Oslo, vol. 35(4), pages 497-509, July.
    • Handle: RePEc:sae:joupea:v:35:y:1998:i:4:p:497-509
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    Cited by:

    1. von Soest, Christian & Wahman, Michael, 2013. "Sanctions and Democratization in the Post-Cold War Era," GIGA Working Papers 212, GIGA German Institute of Global and Area Studies.
    2. Sumit Joshi & Ahmed Saber Mahmud, 2017. "Unilateral and Multilateral Sanctions: A Network Approach," Working Papers 2017-28, The George Washington University, Institute for International Economic Policy.
    3. William Seitz & Alberto Zazzaro, 2020. "Sanctions and public opinion: The case of the Russia-Ukraine gas disputes," The Review of International Organizations, Springer, vol. 15(4), pages 817-843, October.
    4. Roel Dom & Lionel Roger, 2018. "Economic sanctions and domestic debt: Burundi's fiscal response to the suspension of budget support," Discussion Papers 2018-12, University of Nottingham, CREDIT.
    5. von Soest, Christian & Wahman, Michael, 2013. "Are All Dictators Equal? The Selective Targeting of Democratic Sanctions against Authoritarian Regimes," GIGA Working Papers 230, GIGA German Institute of Global and Area Studies.
    6. Kirill Chmel & Alexander Demin & Kirill Kazantcev, 2017. "Dictators’ Behavior Under Conditions of Economic Sanctions Cumulative Effect," HSE Working papers WP BRP 50/PS/2017, National Research University Higher School of Economics.
    7. Joshi, Sumit & Mahmud, Ahmed Saber, 2018. "Unilateral and multilateral sanctions: A network approach," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 52-65.
    8. van Bergeijk, Peter A. G. & Hossain Siddiquee, Muhammad Shahadat, 2015. "Bias and methodological change in economic sanction reconsidered," Economics Discussion Papers 2015-33, Kiel Institute for the World Economy (IfW Kiel).
    9. Daniel Verdier, 2009. "Sanctions as revelation regimes," Review of Economic Design, Springer;Society for Economic Design, vol. 13(3), pages 251-278, September.
    10. Neuenkirch, Matthias & Neumeier, Florian, 2015. "The impact of UN and US economic sanctions on GDP growth," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 110-125.
    11. Shahadat Hossain Siddiquee, M. & van Bergeijk, P.A.G., 2012. "Reconsidering economic sanctions reconsidered. A detailed analysis of the Peterson Institute sanction database," ISS Working Papers - General Series 549, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    12. Denise Guthrie & Erick Duchesne, 2003. "(Mis)Selection Effects and Sovereignty Costs: An Alternative Measure of the Costs of Sanctions," University of Western Ontario, Economic Policy Research Institute Working Papers 20032, University of Western Ontario, Economic Policy Research Institute.
    13. Mirkina, Irina, 2018. "FDI and sanctions: An empirical analysis of short- and long-run effects," European Journal of Political Economy, Elsevier, vol. 54(C), pages 198-225.

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