Чланак
јун 27
Назад

HISTORY OF ECONOMIC SANCTIONS: KEY RESEARCH QUESTIONS (WITH SOME ANSWERS FOR 2022 SANCTIONS AGAINST RUSSIA)

Boris BEGOVIĆ

10.51204/Anali_PFBU_24204A
САЖЕТАК /

The paper proposes several key questions that should be unavoidable in the research on history of economic sanctions. Four key questions are identified. The first one is what the aim of the sanctions is; what are they supposed to achieve? The second question relates to the mechanisms of sanctions. The third question is, are sanctions effective, i.e. do they produce economic impact and what is its magnitude? The fourth question is, are sanctions efficient, i.e. has the aim been achieved? All these questions are further developed into several more specific questions. Crucial methodological obstacles to answering all these questions are identified and guidelines for overcoming them are provided. The answers to the proposed key questions should be only the starting point in research on history of economic sanctions. Some preliminary answers to these questions were given for the case of February 2022 sanctions against Russia, imposed after it invaded Ukraine.

ЧЛАНАК ЈЕ РАСПОЛОЖИВ НА /
Енглеском  
РЕФЕРЕНЦЕ /
  1. Borin, Alessandro, Francesco Paolo, Michele Mancini. 2022. The Impact of the War on Russian Imports: A Synthetic Control Method Approach. ZBW Working Paper. Leibniz Information Centre for Economics.
  2. Cipriani, Marco, Linda S. Goldberg, Gabriele La Spada. 1/2023. Financial Sanctions, SWIFT, and the Architecture of the International Payment System. Journal of Economic Perspectives 37: 31–52.
  3. Demarais Agathe. 2022. Backfire: How Sanctions Reshape the World Against U.S. Interests. New York: Columbia University Press.
  4. Demertzis, Maria, Benjamin Hilgenstock, Ben McWilliams, Elina Ribakova, Simone Tagliapetra. 2022. How Have Sanctions Impacted Russia? Bruegel Policy Contribution 18/22. 26 October.
  5. Early, Bryan R. 2015. Busted Sanctions: Explaining Why Economic Sanctions Fail. Palo Alto: Stanford University Press.
  6. Early, Bryan R., Keith Preble. 2020. Trends in U.S. Sanctions Enforcement during the Trump Administration. New York University School of Law Program on Corporate Compliance and Enforcement. August 7.
  7. Eineman, Abigail. 2020. Sanctions by the Numbers: The Geographic Distribution of U.S. Sanctions. Centre for a New American Security. 15 June.
  8. Elliott, Kimberly Ann. 1997. Evidence on the Costs and Benefits of Economic Sanctions. Subcommittee on Trade, Committee on Ways and Means. Washington DC: Institute for International Economics. 23 October.
  9. Evenett, Simon J, Niccolò Pisani. 2022. Less Than Nine Percent of Western Firms Have Divested from Russia. Working Paper.
  10. Felbermayr, Gabriel, Aleksandra Kirilakha, Constantinos Syropoulos, Erdal Yalcin, Yoto V. Yotov. 2020. The Global Sanctions Data Base. European Economic Review 129: 1–22.
  11. Ferguson, Naill. 1998. The Pity of War 1914 – 1918. London: Allen Lane.
  12. Gorodnichenko, Yuriy, Iikka Korhonen, Elina Ribakova. 2024. Russian Economy on War Footing: A New Reality Financed by Commodity Exports. CEPR Policy On sight 131.
  13. Guriev, Sergei, Daniel Treisman. 2022. Spin Dictators: The Changing Face of Tyranny in the 21st Century. Princeton & Oxford: Princeton University Press.
  14. Hovi, Jon, Robert Huseby, Detlef F. Sprinz. 2005. When Do (Imposed) Sanctions Work? World Politics 57(57–3): 479–499.
  15. Hufbauer, Gary C, Jeffry J. Schott, Kimberly A. Elliot, Barbara Oegg. 2007. Economic Sanctions Reconsidered: History and Current Policy, 3d ed. Washington, DC: Institute for International Economics.
  16. IMF. 2023. World Economic Outlook: Navigating Global Divergences. Washington, DC: International Monetary Fund. October.
  17. IMF. 2024. World Economic Outlook: Steady but Slow – Resilience amid Divergence. Washington, DC: International Monetary Fund. April.
  18. LeoGrande, William M. 4/2015. A Policy Long Past Its Expiration Date: US Economic Sanctions against Cuba. International Quarterly 21: 939–966.
  19. Lukić, Maja 3/2009. The Security Council`s Targeted Sanctions in the Light of Recent Developments Occurring in the EU Context. Annals of the Faculty of Law in Belgrade (Belgrade Law Review) 57: 239–250.
  20. MacDonald, Brian. 4/1983. The Megarian Decree. Historia: Zietschrift für Alte Geschichte 32: 385–410.
  21. Morgan, Clifton T, Navin A. Bapat, Valentin Krustev. 1/2009. The Threat and Imposition of Economic Sanctions, 1971–2000. Conflict Management and Peace Science 26: 92–110.
  22. Morgan, Clifton T, Constantinos Syropoulos, Yoto V. Yotov. 1/2023. Economic Sanctions: Evolution, Consequences, and Challenges. Journal of Economic Perspectives 37: 3–30.
  23. Mulder, Nicholas. 2022. The Economic Weapon: The Rise of Sanctions as a Tool of Modern War. New Haven and London: Yale University Press.
  24. New York Times. 1960. Cubans Expect Quick Seizure of American-Owned Property. 20 October.
  25. Pape, Robert. 2/1997. Why Economic Sanctions Do Not Work. International Security 22: 90–136.
  26. Pape, Robert. 1/1998. Why Economic Sanctions Still Do Not Work. International Security 23: 66–77.
  27. Ryan, Missy, Annabelle Timsit. 2022. U.S. wants Russian military ‘weakened’ from Ukraine invasion, Austin says. Washington Post. April 25. ned-lloyd-austin-ukraine-visit/, last visited April 30, 2024.
  28. Shin, Geiguen, Seung-Whan Choi, Shali Luo. 4/2016. Do Economic Sanctions Impair Target Economies. International Political Science Review 37: 485–499.
  29. Simola, Heli. 2022. Trade sanctions and Russian production. BOFIT Policy Brief 4/2022. Helsinki: Bank of Finland Institute for Emerging Economies.
  30. Simola, Heli. 2023. What the Literature Says About the Effect of Sanctions on Russia. BOFIT Policy Brief 8/2023. Helsinki: Bank of Finland Institute for Emerging Economies.
  31. Stock, James H., Mark M. Watson. 2012. Introduction to Econometrics. Boston: Pearson.
  32. Syropoulos, Constantinos, Gabriel J. Felbermayr, Aleksandra Kirikakha, Erdal Yalcin, Yoto V. Yotov. 2022. The Global Sanctions Data Base – Release 3: COVID-19, Russia, and Multilateral Sanctions. Working Paper Series 2022–11. Drexel University, School of Economics.
  33. Whang, Taehee. 3/2011. Playing to the Home Crowd? Symbolic Use of Economic Sanctions in the United States. International Studies Quarterly 55: 787–801.