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Given the importance of firm strategic management in time of crises, this study investigates Micro, Small, and Medium Enterprises (MSMEs) survival strategies during the international sanctions against Iran. Using data from a questionnaire of 486 firms between December 2019 to September 2020, we...
Persistent link: https://www.econbiz.de/10012815811
What actions should we expect countries to take when engaged in economic warfare? This paper first shows that the goal of winning a war implies a very simple and intuitive objective of economic warfare: maximize one's own less the opponent's (weight-adjusted) payoff. This objective function is...
Persistent link: https://www.econbiz.de/10014283915
We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and outflows of financial assets, as well as imports and...
Persistent link: https://www.econbiz.de/10014336477
Sanctions restrict cross-border interactions and, therefore, not only put political and economic pressure on the target country, but they also adversely affect the sender country. This paper examines the effect of financial sanctions on the country imposing them. In particular, we analyze the...
Persistent link: https://www.econbiz.de/10011855643
data for the period 1970 to 2004 are estimated to evaluate whether more similar leaders are less likely to sanction each … other. Our results indicate that higher leader similarity significantly reduces the likelihood of sanction imposition. The … effect is most pronounced for sanctions imposed through unilateral political decisions. The probability of such sanction …
Persistent link: https://www.econbiz.de/10015409521
Russia following the annexation of Crimea confirms our main findings, showing a 15% post-sanction increase in offshore …
Persistent link: https://www.econbiz.de/10015455016
We introduce political salience into a canonical model of attacks against political regimes, as scaling agents’ expressive payoffs from taking sides. Equilibrium balances heterogeneous expressive concerns with material bandwagoning incentives. We examine comparative statics in salience that...
Persistent link: https://www.econbiz.de/10015455923
Combining two new datasets on sanctions and agricultural trade and implementing step-by-step the latest developments in the empirical structural gravity literature, we investigate the effects of sanctions on international trade of agricultural products. We find that trade sanctions have been...
Persistent link: https://www.econbiz.de/10012668821
Under extraterritorial sanctions the sanctioning country extends its policies to trade of third countries with the sanctioned country. A prominent example is former US President Trump's decision to leave the Joint Comprehensive Plan of Action (JCPOA), a multilateral agreement with Iran. The...
Persistent link: https://www.econbiz.de/10012817842
We provide quantitative evidence that the primary effects of economic sanctions on trade and welfare are accompanied by strong extraterritorial effects — estimates of the former effects may be significantly biased if the latter effects are not taken into account. Furthermore, while the...
Persistent link: https://www.econbiz.de/10012817920