The Impact of US and UN Economic Sanctions on Income Inequality of the Target State: Evidence from a Bayesian Approach
Silindile Nobuhle Mkhwanazi,
Lindokuhle Talent Zungu,
Irrshad Kaseeram
Abstract:This study examines the impact of US and UN economic sanctions on income inequality in African- and Asian-targeted states from 1980–2019, using the Bayesian Generalized Method of Moment’s (BGMM) technique. One essential weapon of international politics for promoting peaceful international cohabitation is the imposition of political and economic sanctions, despite ongoing debates on the effectiveness of punishments in generating disutility. The BGMM was chosen due to its ability to address the dynamics of sever… Show more
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