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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:On the welfare and employment effects of economic sanctions
Authors:Black, P.A.ISNI
Cooper, H.
Year:1987
Periodical:South African Journal of Economics
Volume:55
Issue:1
Pages:1-15
Language:English
Geographic term:South Africa
Subjects:employment
economic sanctions
social welfare
External link:https://doi.org/10.1111/j.1813-6982.1987.tb00150.x
Abstract:Purpose is to illustrate how economic sanctions may be expected to affect the level and distribution of welfare in a target country which was trading freely at international prices before sanctions. Both the static and dynamic welfare effects of economic sanctions are considered whitin a general equilibrium model. The paper also examines the employment effects of sanctions within the framework of the neoclassical and classical 'vent for surplus' theories. Finally it draws out the implications of sanctions for the South African economy by utilizing the above theoretical framework. Bibliogr., notes.
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