Quantifying the partial and general equilibrium effects of sanctions on Russia

IF 1 4区经济学 Q3 ECONOMICS

Review of International Economics Pub Date : 2023-09-22 DOI:10.1111/roie.12707

Lisandra Flach, Inga Heiland, Mario Larch, Marina Steininger, Feodora A. Teti

引用次数: 0

Abstract

Abstract This paper evaluates the effects of sanctions on Russia between 2014 and 2019 and the resulting countersanctions. We estimate their impact on trade in a gravity framework, allowing for treatment heterogeneity among pairs and sectors, and use the estimated elasticities in a general equilibrium analysis. We find that the sanctions decreased trade with Russia in key sectors, translating to a loss in real income in Russia by 0.3%. Full decoupling of the EU and its allies from Russia would increase this effect to over 4%. Our results emphasize the role of deep sanctions as a foreign policy instrument and international cooperation.

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量化制裁对俄罗斯的部分和一般均衡效应

本文评估了2014年至2019年对俄罗斯的制裁效果以及由此产生的反制裁。我们在一个重力框架中估计它们对贸易的影响，考虑到对和部门之间的待遇异质性，并在一般均衡分析中使用估计的弹性。我们发现，制裁减少了与俄罗斯关键部门的贸易，导致俄罗斯实际收入损失0.3%。欧盟及其盟友与俄罗斯的完全脱钩将使这一影响增加到4%以上。我们的研究结果强调了深度制裁作为外交政策工具和国际合作的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of International Economics ECONOMICS-

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The Review of International Economics is devoted to the publication of high-quality articles on a full range of topics in international economics. The Review comprises controversial and innovative thought and detailed contributions from other directly related fields such as economic development; trade and the environment; and political economy. Whether theoretical, empirical or policy-oriented, its relevance to real world problems is of paramount concern.