Economics and Accounting Honors Theses

Date of Creation

12-1-2016

Degree Type

Departmental Honors Thesis - Restricted Access

First Advisor

Professor Kolleen J. Rask

Abstract

Despite their debatable success, countries and organizations have continued to use sanctions as a tool for international politics. The goal of most sanctions is to bring about change in the targeted country; however, historically we see that many of these goals are not realized, leading some to believe that sanctions are mainly imposed for political reasons rather than for economic ones. This study aims to determine how the trade disruption, enhanced through trade linkage and economic complexity, produced by sanctions impacts the GDP trend of the country. It appears that trade linkages and economic complexity have opposite impacts on GDP. As trade linkages rise, the impact of economic sanctions on the targeted country’s GDP is greater; however, as economic complexity rises, sanctions have less of an impact on GDP.

Comments

Reader: Professor Ashley R. Miller

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