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dc.contributor.author
González, Fernando Antonio Ignacio
dc.date.available
2022-09-08T11:19:16Z
dc.date.issued
2022-02
dc.identifier.citation
González, Fernando Antonio Ignacio; International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019); John Wiley & Sons Inc.; Economic Affairs; 42; 1; 2-2022; 70-86
dc.identifier.issn
1468-0270
dc.identifier.uri
http://hdl.handle.net/11336/167857
dc.description.abstract
This article examines the impact of international sanctions on the economic development of sanctioned countries in the Latin American and Caribbean regions over seven decades (1950–2019). The estimates arise from a two-way fixed effects model that combines data from the Global Sanctions Database and the World Development Indicators Database to examine outcomes in terms of economic growth, income inequality, and the incidence and gap of poverty. The findings confirm a significant worsening of development in sanctioned countries. This includes lower growth (−0.6 percentage points) and higher inequality (+1.5 Gini coefficient points). Reduced investment as well as reduced access to credit in the private sector are the mechanisms through which the above effects take place. The results are robust to multiple specifications and have important implications for international sanctions policies. If the sanctioning country seeks to minimise the consequences for the poorest in the sanctioned country, military sanctions appear to be the most appropriate, while if the objective is to maximise these consequences, sanctions on mobility are optimal.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
John Wiley & Sons Inc.
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
GROWTH
dc.subject
INEQUALITY
dc.subject
INTERNATIONAL SANCTIONS
dc.subject
LATIN AMERICA
dc.subject
POVERTY
dc.subject.classification
Economía, Econometría
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2022-09-08T10:41:47Z
dc.journal.volume
42
dc.journal.number
1
dc.journal.pagination
70-86
dc.journal.pais
Reino Unido
dc.description.fil
Fil: González, Fernando Antonio Ignacio. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
dc.journal.title
Economic Affairs
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1111/ecaf.12506
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/full/10.1111/ecaf.12506
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