Full metadata
This study attempts to reconcile the gap in literature between the abundant research in the social consequences of sanctions but a consistent lack of information regarding its economic effectiveness. I apply a modified neoclassical growth model to analyze the extent that sanctions imposed by the US and UN impact real per capita GDP growth rate. Using the original data, I modify the model employed in the Neuenkirch and Neumeier (2015) study by replacing a fixed effect model with time trends. The results are more aligned with previous economic research on sanctions where sanctions imposed by the US have a moderate but significant 1.5 percent decline effect on GDP growth rate. On the other hand, sanctions imposed by the UN are similarly negative, imposing about a .9 percent decline in GDP growth, however are not statistically significant. While I cannot reject the conclusion by the original authors, I feel that this model provides a more fitting analysis of the impact sanctions impose on GDP growth.
- Hendricks-Costello, Caitlyn (Author)
- Silverman, Daniel (Thesis director)
- Mendez, Jose (Committee member)
- Department of Economics (Contributor)
- School of Politics and Global Studies (Contributor)
- School of Mathematical and Statistical Sciences (Contributor)
- Barrett, The Honors College (Contributor)
- 2019-04-18 12:00:53
- 2021-08-11 04:09:57
- 1 year 9 months ago