Early phase success and long run failure of economic sanctions: With an application to Iran

Sajjad Faraji Dizaji, Peter van Bergeijk

Research output: Working paperAcademic

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Abstract

We develop a model of the dynamics of economic sanctions in conjunction with the response of the sanction target. We apply this model to the case of the EU and US boycott of Iranian oil. Our VAR model finds significant impacts of sanctions both on key economic variables and on the political system. These effects, however, are limited in time and occur in the first two to four years of the sanction episode only because adjustment of economic structures mitigates the economic and political impact of the sanctions.
Original languageEnglish
Place of PublicationThe Hague
PublisherInternational Institute of Social Studies (ISS)
Number of pages44
Publication statusPublished - Jun 2012

Publication series

SeriesISS working papers. General series
Number544
ISSN0921-0210

Bibliographical note

http://hdl.handle.net/1765/32491

Series

  • ISS Working Paper-General Series

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