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Date of Award
5-2025
Document Type
Restricted Thesis: Campus only access
Degree Name
Bachelor of Arts
Department
Economics
First Advisor
Dr. Timothy Hamilton
Abstract
This paper offers an empirical analysis of the economic effects of sanctions imposed by the United States and the United Nations. In particular, the study examines the impact of sanctions on the target countries' real GDP growth by conducting several fixed effects two-way models. The sample includes data from 185 countries over the period of 1980-2023. The results indicate statistically significant negative effects of sanctions with the U.S. restrictions leading to a decline in the target states' real GDP growth by 1.21 pp and the U.N. sanctions resulting into a 2.67 pp decrease in the same measure. Moreover, the study shows that both the U.S. and the U.N. sanctions have the most profound negative impact on the economic growth during the first year of imposition. The structural analysis of the U.S. sanctions reveals that financial restrictions have the strongest negative influence on the target countries' real GDP growth in comparison with other types of the U.S. sanctions.
Please note this thesis is permanently restricted and not available.
Recommended Citation
Likho, Maksim, "Economic Impact of the U.S. and U.N. Sanctions" (2025). Honors Theses. 1835.
https://scholarship.richmond.edu/honors-theses/1835
