Russian food embargo and the lost trade-Reference-Cited by-同舟云学术

Russian food embargo and the lost trade

Published:2019-09-10 Issue:2 Volume:47 Page:684-718
ISSN:0165-1587
Container-title:European Review of Agricultural Economics
language:en
Short-container-title:

Author:

Cheptea Angela¹^ORCID,Gaigné Carl¹²

Affiliation:

1. INRA, UMR SMART-LERECO, Rennes, France

2. CREATE, Université Laval, Québec, Canada

Abstract

Abstract We analyse the impact of the Russian food embargo on European and Russian trade patterns using a triple-difference estimation strategy. We quantify the embargo-induced loss in EU28 exports at €125 million per month. Only 45 per cent of the drop in EU exports of banned products to Russia was due to the ban. EU member states were unevenly affected by the ban. The estimated losses of welfare in Russia range from 0.2 to 0.6 per cent (In absolute terms, this represents €18 to €58 of the 2013 revenue of the average Russian consumer.).

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)

Link

http://academic.oup.com/erae/article-pdf/47/2/684/32958574/jbz032.pdf

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