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Russian Counter-sanctions and Trade Deflection: Evidence from Finland

Oranen, Tuomas LU (2017) NEKN01 20172
Department of Economics
Abstract
Economic sanctions are a widely used, yet controversial international policy tool. This paper aims to examine the trade deflecting effects of Russian sent import sanctions on the Finnish exports. This effect is analyzed by estimating a gravity equation of trade by applying Pseudo-Poisson Maximum Likelihood and Ordinary Least Squares estimators. The data covers Finnish export in the sanctioned product groups and a control group to 41 destinations from January 2013 to December 2016. A trade deflecting effect is found but the analysis fails to estimate the magnitude accurately.
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author
Oranen, Tuomas LU
supervisor
organization
course
NEKN01 20172
year
type
H1 - Master's Degree (One Year)
subject
keywords
Sanctions, Trade Deflection, Trade Destruction, Gravity Model, Trade Policy
language
English
id
8928030
date added to LUP
2017-11-06 11:06:52
date last changed
2017-11-06 11:06:52
@misc{8928030,
  abstract     = {Economic sanctions are a widely used, yet controversial international policy tool. This paper aims to examine the trade deflecting effects of Russian sent import sanctions on the Finnish exports. This effect is analyzed by estimating a gravity equation of trade by applying Pseudo-Poisson Maximum Likelihood and Ordinary Least Squares estimators. The data covers Finnish export in the sanctioned product groups and a control group to 41 destinations from January 2013 to December 2016. A trade deflecting effect is found but the analysis fails to estimate the magnitude accurately.},
  author       = {Oranen, Tuomas},
  keyword      = {Sanctions,Trade Deflection,Trade Destruction,Gravity Model,Trade Policy},
  language     = {eng},
  note         = {Student Paper},
  title        = {Russian Counter-sanctions and Trade Deflection: Evidence from Finland},
  year         = {2017},
}