Quotation Felbermayr, Gabriel, Morgan, T. Clifton, Syropoulos, Constantinos, Yotov, Yoto V. 2021. Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence. European Economic Review. 135




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.


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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal European Economic Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-A, WH-B
Language English
Title Understanding economic sanctions: Interdisciplinary perspectives on theory and evidence
Volume 135
Year 2021
URL https://api.elsevier.com/content/article/PII:S0014292121000738?httpAccept=text/xml
DOI http://dx.doi.org/10.1016/j.euroecorev.2021.103720
Open Access N
JEL JEL: F1; F13; F14; F5; F51; H5; N4


Felbermayr, Gabriel (Details)
Morgan, T. Clifton (Kiel University, Germany)
Syropoulos, Constantinos (Rice University, United States/USA)
Yotov, Yoto V. (Drexel University, United States/USA)
Department of Economics (Felbermayr) (Details)
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