Sanctions and economic growth: Do sanction diversity and level of development matter?

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dc.authoridAlhassan, Abdulkareem/0000-0001-6152-7728
dc.authorwosidAlhassan, Abdulkareem/AAH-7427-2019
dc.authorwosidAlhassan, Abdulkareem/GRF-6138-2022
dc.contributor.authorAlhassan, Abdulkareem
dc.contributor.authorSabzehmeidani, Anoush Shabani
dc.contributor.authorTaha, Amjad issa
dc.contributor.authorHaseki, Murat Ismet
dc.date.accessioned2024-05-19T14:46:34Z
dc.date.available2024-05-19T14:46:34Z
dc.date.issued2023
dc.departmentİstinye Üniversitesien_US
dc.description.abstractThe application of economic and political sanctions becomes a vital tool of international politics to facilitate peaceful coexistence among the nations. However, the issue of the effectiveness of sanctions in creating adequate disutility to ensure compliance remains contentious. Therefore, this study assesses the effect of sanctions on the economic growth of the target states. It captures the diversity of sanctions using system Generalized Method of Moments (GMM) with extensive dataset for the period 1970-2018. The findings reveal that extensive, multilateral sanctions, and export restriction are the only sanction categories that are effective in creating disutility and reducing the real income per capita growth when targeted at the developed countries. On the other hand, limited sanctions (partial embargo) - sanctions that are targeted at specific sectors, groups, and issues such as withdrawal of foreign aid, as well as import restrictions can effectively reduce income per capita growth when imposed on developing countries while all other cate-gories of sanctions have a positive effect on income growth in targeted developing economy. Therefore, we, conclude that the sanctions diversity, development level of the target country and sender identity play vital roles concerning the sanctions-economic growth nexus. These attributes should be considered in the application and analyses of sanctions to ensure their effectiveness. The study provided several interesting policy insights.en_US
dc.identifier.doi10.1016/j.heliyon.2023.e19571
dc.identifier.issn2405-8440
dc.identifier.issue9en_US
dc.identifier.pmid37809628en_US
dc.identifier.urihttps://doi.org10.1016/j.heliyon.2023.e19571
dc.identifier.urihttps://hdl.handle.net/20.500.12713/5551
dc.identifier.volume9en_US
dc.identifier.wosWOS:001090753800001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherCell Pressen_US
dc.relation.ispartofHeliyonen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240519_kaen_US
dc.subjectSanctionsen_US
dc.subjectSustainable Growthen_US
dc.subjectInstitutionsen_US
dc.titleSanctions and economic growth: Do sanction diversity and level of development matter?en_US
dc.typeArticleen_US

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