Untitled

Sobel, Russell S.

doi:10.1023/a:1004971230542

Cited by 16 publications

(1 citation statement)

References 14 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Subsequently, Canada spearheaded a NAFTA-wide sanction on Brazilian beef in 2001 due to a mad cow disease outbreak (Case ID 137; Global and Mail, 2001;Rich, 2001). Also, outbreaks in the United States and Canada in the early-2000s resulted in Canada banning US beef and cattle imports (Case ID 145;Al Jazeera, 2003); the 10 See Jing et al (2003) and Sobel (1998) for a detailed analysis of the choice of sanctions and their impacts on exchange rates.…”

Section: Trade Sanctions and Agriculturementioning

confidence: 99%

Economic sanctions and agricultural trade

Larch,

Luckstead,

Yotov

2024

American J Agri Economics

View full text Add to dashboard Cite

Economic sanctions are more popular than ever. But do they affect agricultural trade? Combining two new datasets and capitalizing on 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 impede agricultural trade, whereas other sanctions do not show any significant impact. Complete trade sanctions have led to about a 67% decrease in the agricultural trade between the sanctioned and sanctioning countries, or a corresponding tariff equivalent of 25%, and we also obtain significant estimates for partial sanctions. At the industry level, we find substantial heterogeneity depending on the sanctioning and sanctioned countries, the type of sanctions used, and the direction of trade flows. The 2014 sanctions on Russia substantially decreased Russia's agricultural trade, mainly due to reduced trade with the EU but also due to reduced trade with other countries. Although no definitive evidence exists that sanctions alter the actions of governments of receiving countries, this paper provides broad evidence that sanctions hamper agrifood trade and hurt producers, consumers, and real output.

show abstract

Section: Trade Sanctions and Agriculturementioning

confidence: 99%