Research output: Contribution to journal › Review article › peer-review
Effectiveness of economic sanctions : Assessment by means of a systematic literature review. / Grinberg, Ruslan S.; Belozyorov, Sergey A.; Sokolovska, Olena.
In: Economy of Region, Vol. 17, No. 2, 01.06.2021, p. 354-374.Research output: Contribution to journal › Review article › peer-review
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TY - JOUR
T1 - Effectiveness of economic sanctions
T2 - Assessment by means of a systematic literature review
AU - Grinberg, Ruslan S.
AU - Belozyorov, Sergey A.
AU - Sokolovska, Olena
N1 - Publisher Copyright: © 2021 Institute of Economics, Ural Branch of the Russian Academy of Sciences. All rights reserved.
PY - 2021/6/1
Y1 - 2021/6/1
N2 - In 2014, the United States, the European Union (EU) countries and some other states have imposed economic sanctions against Russia. The overcoming of sanctions requires an understanding of their effectiveness. Thus, we aimed to identify factors of the effectiveness of economic sanctions by reviewing the literature that considers sanctions as a tool for transforming the current national policies. The applied methodology of the systematic literature review (SLR) includes the following stages: 1) determining a basic sample of publications based on a keyword search in Web of Science, Scopus, Russian Science Citation Index, SSRN, EBSCO, Ideas/RePec, Google Scholar, Cambridge University Press, Routledge, De Gruyter JSTOR, Springer, Taylor & Francis; 2) identifying a representative sample based on the authors' criteria (type of publication, language, character, content and context); 3) synthesising the representative sample; 4) reporting the research results. A method of comparative and graphical analysis was used to present the findings. The analysis of relevant literature allowed us to conclude that economic sanctions are more effective if 1) sanction costs for a target country are higher than for a sender, including those occurring as a result of regional inequality; 2) sanctions are designed as a short-term measure; 3) sanctions are multilateral and imposed by international institutes, including through regional trade agreements; 4) sanctions are targeted at democratic regimes. Moreover, the most preferred type of sanction - targeted (smart) sanctions - are less effective in achieving their goals than traditional comprehensive ones. Further review studies may focus on targeted economic sanctions (first and foremost in Russia) and include publications, analysing case studies of individual countries and industries.
AB - In 2014, the United States, the European Union (EU) countries and some other states have imposed economic sanctions against Russia. The overcoming of sanctions requires an understanding of their effectiveness. Thus, we aimed to identify factors of the effectiveness of economic sanctions by reviewing the literature that considers sanctions as a tool for transforming the current national policies. The applied methodology of the systematic literature review (SLR) includes the following stages: 1) determining a basic sample of publications based on a keyword search in Web of Science, Scopus, Russian Science Citation Index, SSRN, EBSCO, Ideas/RePec, Google Scholar, Cambridge University Press, Routledge, De Gruyter JSTOR, Springer, Taylor & Francis; 2) identifying a representative sample based on the authors' criteria (type of publication, language, character, content and context); 3) synthesising the representative sample; 4) reporting the research results. A method of comparative and graphical analysis was used to present the findings. The analysis of relevant literature allowed us to conclude that economic sanctions are more effective if 1) sanction costs for a target country are higher than for a sender, including those occurring as a result of regional inequality; 2) sanctions are designed as a short-term measure; 3) sanctions are multilateral and imposed by international institutes, including through regional trade agreements; 4) sanctions are targeted at democratic regimes. Moreover, the most preferred type of sanction - targeted (smart) sanctions - are less effective in achieving their goals than traditional comprehensive ones. Further review studies may focus on targeted economic sanctions (first and foremost in Russia) and include publications, analysing case studies of individual countries and industries.
KW - Basic sample
KW - Comparative analysis
KW - Comprehensive sanctions
KW - Costs
KW - Economic sanctions
KW - Effectiveness
KW - Political regime
KW - Regional agreements
KW - Representative sample
KW - Systematic literature review
KW - Targeted sanctions
UR - http://www.scopus.com/inward/record.url?scp=85122775904&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/5ab5d244-8001-30f7-997a-4fdb76fbd7c4/
U2 - 10.17059/ekon.reg.2021-2-1
DO - 10.17059/ekon.reg.2021-2-1
M3 - Review article
VL - 17
SP - 354
EP - 374
JO - Russian Journal of Stomatology
JF - Russian Journal of Stomatology
SN - 2072-6406
IS - 2
ER -
ID: 86479550