The Impact Of Economic Sanctions On US Trade: Andrew Rose’s Gravity Model
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Overview: With the end of the Cold War, the focus of US foreign policy changed—and so did that of economic sanctions. Partly because of increased cooperation within the UN framework, economic sanctions were imposed so routinely in the early 1990s that scholars called that period the sanctions decade. Andrew Rose made available his gravity model with 14 control variables. The article briefly describes the gravity model variables. This proliferation sparked intense debate about the effectiveness of sanctions as a policy tool and moved US sanctions policy to the center of public discourse. Preliminary results suggest that the proliferation of US unilateral sanctions episodes slowed markedly in the latter half of the 1990s. Several high-profile cases were launched, while others were inherited from the past. Finally, it should be recognized that the longer sanctions are in place, the greater the opportunity for both exports and imports to carve new channels. The extensive sanctions listed in tables in the article have been in place against the target countries for decades.
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Format: PDF | Size: 575KB | Date: Apr 2003 | Pages: 24
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