Quantifying the impact of economic sanctions on international trade in the energy and mining sectors
Open accessAbstract
We study the impact of economic sanctions on international trade in the mining sector. We demonstrate that the gravity equation is well‐suited to model bilateral trade costs in mining and find that sanctions have been effective in impeding mining trade. Complete trade sanctions have reduced mining trade by about 44% on average. We also document significant heterogeneity in the sanctions effects on mining trade across industries, sanction episodes/cases, depending on the sanctioning and sanctioned countries, the type of sanctions, and the direction of trade. We take a close look at the impact of recent sanctions on Iran and Russia.
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Our results are consistent with the findings of Larch et al. (2022) who use ITPD-E and GSDB to study the impact of sanctions on trade in mining.
“Overall, our results are consistent with the findings of Larch et al. (2022) who use the ITPD-E and the GSDB datasets to study the impact of sanctions on trade in mining, particularly for the sanctions imposed against Russia.”
From Quantifying the partial and general equilibrium effects of sanctions on Russia (2024) · cites this paper as Larch et al. (2022)
Cites
Anderson, J. E., & van Wincoop, E. (2004) · Journal of Economic Literature · doi:10.1257/0022051042177649 · Cited by 2,524 · see citing works
The Long and Short of the Canada-U.S. Free Trade Agreement
Trefler, D. (2004) · American Economic Review · doi:10.1257/0002828042002633 · Cited by 1,071 · see citing works
An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model
Yotov, Y. V., Piermartini, R., Monteiro, J.-A., & Larch, M. (2016) · doi:10.30875/abc0167e-en · Cited by 959 · see citing works
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Quantifying the partial and general equilibrium effects of sanctions on Russia
Flach, L., Heiland, I., Larch, M., Steininger, M., & Teti, F. A. (2024) · Review of International Economics · doi:10.1111/roie.12707 · Cited by 20 · see citing works
Self-citation
- Authors
- Larch, M., Shikher, S., Syropoulos, C., & Yotov, Y. V.
- Affiliations
- Ifo Institute for Economic Research (DE)
- United States International Trade Commission (US)
- Drexel University (US)
- Corresponding author
- Yotov, Yoto V.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 2022-03-09
- Volume
- 60
- Issue
- 3
- Pages
- 1038-1063
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W3130595351
- Cited by
- 67
- References
- 3
- Citations by year
- 2026: 17 · 2025: 15 · 2024: 9 · 2023: 10 · 2022: 14 · 2021: 2
- FWCI
- 6.68
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Locations
- Economic Inquiry (publishedVersion)
- SSRN Electronic Journal (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Econstor (Econstor) (submittedVersion)
- ERef Bayreuth (University of Bayreuth) (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Sanctions and International Relations
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
- Social Sciences › Political Science and International Relations › COVID-19, Geopolitics, Technology, Migration
- Keywords
- economic sanctions, international trade, mining industry, energy sector, gravity model, bilateral trade costs, trade sanctions, sanctions against Iran, sanctions against Russia, export controls
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