The impacts of economic sanctions on food (prices) security : evidence from targeted countries

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dc.contributor.authorAFESORGBOR, Sylvanus Kwaku
dc.contributor.authorKORNHER, Lukas
dc.contributor.authorSANTERAMO, Fabio Gaetano
dc.date.accessioned2025-06-27T14:48:10Z
dc.date.available2025-06-27T14:48:10Z
dc.date.issued2025
dc.descriptionPublished online: 16 June 2025
dc.description.abstractOur paper examined the impact of economic sanctions on food prices and security. Anecdotal evidence suggests that food security is threatened in nations subject to sanctions. However, the causal link has not been proven. We employ a two-way fixed-effects approach and leverage the entropy balancing technique to ascertain the existence of a causal link. Our analysis relies on the Global Sanctions Database for sanctions and the FAOSTAT database for food security proxies: food prices and prevalence of undernourishment (PoU). Sanctions increase food prices: during the sanctions period, real food prices are higher by 1.24 per-centage points compared to the non-sanctions period. Although the increase in food prices is marginal, overall food security is threatened, as the PoU is 2.1 percentage points higher during sanctions compared to periods without sanctions.
dc.description.sponsorshipThis article was published Open Access with the support from the EUI Library through the CRUI - Wiley Transformative Agreement (2024-2027)
dc.description.versionPublished version of EUI RSC WP 2024/24
dc.format.mimetypeapplication/pdf
dc.identifier.citationThe world economy, 2025, OnlineFirst
dc.identifier.doi10.1111/twec.13739
dc.identifier.issn0378-5920
dc.identifier.issn1467-9701
dc.identifier.urihttps://hdl.handle.net/1814/92922
dc.language.isoen
dc.orcid.putcode1814/80448:186807344
dc.publisherWiley
dc.relation.ispartofThe world economy
dc.relation.isversionofhttps://hdl.handle.net/1814/77052
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.licenseAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectEconomic sanctions
dc.subjectFood prices
dc.subjectFood security
dc.subjectPrevalence of undernourishment
dc.titleThe impacts of economic sanctions on food (prices) security : evidence from targeted countries
dc.typeArticle
dspace.entity.typePublication
person.identifier.orcid0000-0002-9450-4618
person.identifier.other38969
person.identifier.other47005
relation.isAuthorOfPublication8c0b8ae8-a220-4c57-8fc7-ac8f28c2be39
relation.isAuthorOfPublicationfdab0083-1f87-43d3-9b65-758db0d2792a
relation.isAuthorOfPublication.latestForDiscovery8c0b8ae8-a220-4c57-8fc7-ac8f28c2be39
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