This paper aims to analyze the economic impacts of UN sanctions on North Korea's banned luxury goods imports. The analysis is based on applying Difference-in-Differences Methods to the gravity model. The results show that North Korea's luxury goods import patterns reflect the aforesaid model....

North Korean trade networks have adapted to international sanctions through a variety of strategies to solve the problem of operating in a hostile environment at both the global level, and at the local level. At the global level, they have engaged in obfuscation of the nature of trade and...