International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)

Autores
González, Fernando Antonio Ignacio
Año de publicación
2022
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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.
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
Materia
GROWTH
INEQUALITY
INTERNATIONAL SANCTIONS
LATIN AMERICA
POVERTY
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/167857
Acceder
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network_name_str CONICET Digital (CONICET)
spelling International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)González, Fernando Antonio IgnacioGROWTHINEQUALITYINTERNATIONAL SANCTIONSLATIN AMERICAPOVERTYhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This 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.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; ArgentinaJohn Wiley & Sons Inc.2022-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/167857González, 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; 70-861468-0270CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1111/ecaf.12506info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/full/10.1111/ecaf.12506info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-10T13:14:36Zoai:ri.conicet.gov.ar:11336/167857instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-10 13:14:36.913CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
title International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
spellingShingle International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
González, Fernando Antonio Ignacio
GROWTH
INEQUALITY
INTERNATIONAL SANCTIONS
LATIN AMERICA
POVERTY
title_short International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
title_full International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
title_fullStr International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
title_full_unstemmed International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
title_sort International sanctions and development: Evidence from Latin America and the Caribbean (1950–2019)
dc.creator.none.fl_str_mv González, Fernando Antonio Ignacio
author González, Fernando Antonio Ignacio
author_facet González, Fernando Antonio Ignacio
author_role author
dc.subject.none.fl_str_mv GROWTH
INEQUALITY
INTERNATIONAL SANCTIONS
LATIN AMERICA
POVERTY
topic GROWTH
INEQUALITY
INTERNATIONAL SANCTIONS
LATIN AMERICA
POVERTY
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv 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.
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
description 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.
publishDate 2022
dc.date.none.fl_str_mv 2022-02
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/167857
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
1468-0270
CONICET Digital
CONICET
url http://hdl.handle.net/11336/167857
identifier_str_mv 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
1468-0270
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1111/ecaf.12506
info:eu-repo/semantics/altIdentifier/url/https://onlinelibrary.wiley.com/doi/full/10.1111/ecaf.12506
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons Inc.
publisher.none.fl_str_mv John Wiley & Sons Inc.
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 12.993085

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