{"title":"Impact of Sanctions Policy Shifts: A Case Study of the United States and Cuba, 1994–2020","authors":"Pavel Vidal","doi":"10.1002/jid.3973","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>This article offers new evidence to aid the discussion on the economic consequences of easing or tightening sanctions, with Cuba serving as a case study. Even with the persistent sanction regime, a level of trade, remittances and visitors has been sustained between the United States and Cuba, notably since the 1990s, fluctuating with the political climate. This study consolidates data from various sources to gauge the magnitude of this exchange relative to Cuba's GDP and calculates the susceptibility of economic indicators to shifts in sanctions (either easing or tightening) over the past three decades. Econometric findings demonstrate the impact of sanctions on Cuban economic growth. The findings suggest that tight sanctions negatively impact household consumption and Cuba's private sector. However, the data do not show a decline in the value of Cuban government consumption.</p>\n </div>","PeriodicalId":47986,"journal":{"name":"Journal of International Development","volume":"37 2","pages":"540-553"},"PeriodicalIF":1.7000,"publicationDate":"2024-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Development","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/jid.3973","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
This article offers new evidence to aid the discussion on the economic consequences of easing or tightening sanctions, with Cuba serving as a case study. Even with the persistent sanction regime, a level of trade, remittances and visitors has been sustained between the United States and Cuba, notably since the 1990s, fluctuating with the political climate. This study consolidates data from various sources to gauge the magnitude of this exchange relative to Cuba's GDP and calculates the susceptibility of economic indicators to shifts in sanctions (either easing or tightening) over the past three decades. Econometric findings demonstrate the impact of sanctions on Cuban economic growth. The findings suggest that tight sanctions negatively impact household consumption and Cuba's private sector. However, the data do not show a decline in the value of Cuban government consumption.
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The Journal aims to publish the best research on international development issues in a form that is accessible to practitioners and policy-makers as well as to an academic audience. The main focus is on the social sciences - economics, politics, international relations, sociology and anthropology, as well as development studies - but we also welcome articles that blend the natural and social sciences in addressing the challenges for development. The Journal does not represent any particular school, analytical technique or methodological approach, but aims to publish high quality contributions to ideas, frameworks, policy and practice, including in transitional countries and underdeveloped areas of the Global North as well as the Global South.
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