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Quantifying the Economic Cost of the Qatar Blockade Using Synthetic Control

Author

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  • Shiva Mehdi

    (RAND, Europe, Cambridge, UK)

Abstract

This study evaluates the economic impact of the 2017 Qatar blockade using synthetic control methods. The analysis shows that Qatar’s GDP in 2022 was approximately 24 % lower than without the blockade, equating to a loss of 82 billion international dollars in 2017 constant prices. Despite Qatar’s proactive strategies, including trade diversification and infrastructure investment, the economic cost remains substantial. Short-term financial commitments and resource reallocation to mitigate the blockade’s effects likely strained public finances and slowed growth. The study underscores the economic toll of the blockade and suggests further research into the long-term effects of Qatar’s policy responses.

Suggested Citation

  • Shiva Mehdi, 2025. "Quantifying the Economic Cost of the Qatar Blockade Using Synthetic Control," Review of Middle East Economics and Finance, De Gruyter, vol. 21(1), pages 111-125.
    • Handle: RePEc:bpj:rmeecf:v:21:y:2025:i:1:p:111-125:n:1003
    DOI: 10.1515/rmeef-2024-0028
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    More about this item

    Keywords

    GDP; Qatar; blockade; synthetic control;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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