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Quantifying the Effect of Economic Sanctions on Trade in Cultural Goods

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  • Ngoc Thang Doan
  • Manh Ha Tran

Abstract

The question of whether the imposition of economic sanctions impairs or nurtures cultural affinity remains controversial. In effect, this paper investigates the effect of economic sanctions on the trade of cultural goods as a proxy for cultural proximity, using cross-country data with 5,304 country pairs ranging from the years 1996–2019. Through extensive robustness checks, our main findings reveal that economic sanctions drive up the trade of cultural goods. The effect on the trade of cultural goods is heterogeneous across various forms of economic sanctions. While military, arms, trade, and travel sanctions are trade facilitators, financial and other sanctions are trade barriers. These effects are conditional on the level of economic development in the sanctioned countries and change over time. Our findings suggest cultural implications of economic sanctions in foreign policy design.

Suggested Citation

  • Ngoc Thang Doan & Manh Ha Tran, 2023. "Quantifying the Effect of Economic Sanctions on Trade in Cultural Goods," International Economic Journal, Taylor & Francis Journals, vol. 37(3), pages 401-423, July.
    • Handle: RePEc:taf:intecj:v:37:y:2023:i:3:p:401-423
    DOI: 10.1080/10168737.2023.2220300
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    Cited by:

    1. Raul Caruso & Maria Cipollina, 2023. "The Effect of Economic Sanctions on World Trade of Mineral Commodities. A Gravity Model Approach from 2009 to 2020," DISCE - Quaderni del Dipartimento di Politica Economica dipe0034, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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