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Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc

Author

Listed:
  • Gabriel Felbermayr

    (Kiel Institute, Kiel University)

  • T. Clifton Morgan

    (Rice University)

  • Constantinos Syropoulos

    (School of Economics)

  • Yoto Yotov

    (School of Economics)

Abstract

We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in Economics and Political Science. Our interdisciplinary perspective highlights the existence of a stark contrast in the ways the two disciplines view and analyze sanctions. Taking advantage of this perspective, we identify potential directions for future work. Most importantly, we argue that moving toward a better understanding of the causes and consequences of economic sanctions requires a much tighter integration of concepts from Political Science and Economics and a more extensive interdisciplinary collaboration

Suggested Citation

  • Gabriel Felbermayr & T. Clifton Morgan & Constantinos Syropoulos & Yoto Yotov, 2021. "Understanding Economic Sanctions: Interdisciplinary Perspectives on Theory and Evidenc," School of Economics Working Paper Series 2021-11, LeBow College of Business, Drexel University.
    • Handle: RePEc:ris:drxlwp:2021_011
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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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