{"id":1482,"date":"2023-02-13T16:19:17","date_gmt":"2023-02-13T16:19:17","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/"},"modified":"2023-02-13T16:19:17","modified_gmt":"2023-02-13T16:19:17","slug":"the-impact-of-un-and-us-economic-sanctions-on-gdp-growth","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/","title":{"rendered":"The Impact of UN and US Economic Sanctions on GDP Growth"},"content":{"rendered":"\n In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states\u2019 GDP growth. Our sample includes 68 countries and covers the period 1976\u20132012. We find, first, that sanctions imposed by the UN have a statistically and economically significant influence on economic growth. On average, the imposition of UN sanctions decreases the target state\u2019s real per capita GDP growth rate by 2.3\u20133.5 percentage points (pp). These adverse effects last for a period of 10 years. Comprehensive UN economic sanctions, that is, embargoes affecting nearly all economic activity, trigger a reduction in GDP growth by more than 5 pp. Second, the effect of US sanctions is much smaller and less distinct. The imposition of US sanctions decreases GDP growth in the target state over a period of 7 years and, on average, by 0.5\u20130.9 pp.\n\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[505,663,664,77],"keyword":[549,665,666,667],"class_list":["post-1482","publication","type-publication","status-publish","hentry","jelcode-f43","jelcode-f51","jelcode-f52","jelcode-f53","keyword-economic-growth","keyword-economic-sanctions","keyword-united-nations","keyword-united-states"],"acf":{"year":2015,"month":1,"day":"","volume":"","number":"138","pages":35,"reviewed":"0","citeid":"FIW_WP_138","fiwseries":"FIW Working Papers","event":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Impact of UN and US Economic Sanctions on GDP Growth - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Impact of UN and US Economic Sanctions on GDP Growth - FIW\" \/>\n<meta property=\"og:description\" content=\"In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states\u2019 GDP growth. Our sample includes 68 countries and covers the period 1976\u20132012. We find, first, that sanctions imposed by the UN have a statistically and economically significant influence on economic growth. On average, the imposition [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"FIW\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CentreFiw\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/\",\"name\":\"The Impact of UN and US Economic Sanctions on GDP Growth - FIW\",\"isPartOf\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\"},\"datePublished\":\"2023-02-13T16:19:17+00:00\",\"dateModified\":\"2023-02-13T16:19:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Impact of UN and US Economic Sanctions on GDP Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"name\":\"FIW\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fiw.ac.at\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\",\"name\":\"FIW\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"contentUrl\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"width\":843,\"height\":843,\"caption\":\"FIW\"},\"image\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CentreFiw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Impact of UN and US Economic Sanctions on GDP Growth - FIW","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fiw.ac.at\/en\/publications\/the-impact-of-un-and-us-economic-sanctions-on-gdp-growth\/","og_locale":"en_US","og_type":"article","og_title":"The Impact of UN and US Economic Sanctions on GDP Growth - FIW","og_description":"In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states\u2019 GDP growth. 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