Politická ekonomie 2020, 68(3):348-366 | DOI: 10.18267/j.polek.1283

Sankce západních zemí a ruská odvetná opatření: dopad na české exporty

Lucie Coufalováa
a Masarykova Univerzita, Ekonomicko-správní fakulta, Brno, Česká republika

Sanctions by Western Countries and Russian Countermeasures: Impact on Czech Exports

This paper addresses Czech international exports from 2000 to 2017. The goal of the paper is to determine whether the economic sanctions imposed on the Russian Federation by most of the Western countries, and especially the countermeasures adopted by the Kremlin, have exercised any significant effect on the Czech exports to Russia. The approach adopted is a gravity model and the results lead to the conclusion that the economic sanctions do not have any significant effect on the global Czech exports to Russia. Nevertheless, the sanctions affect the type of future economic cooperation between the Czech Republic and the Russian Federation.

Keywords: Russian Federation, Czech Republic, sanctions, export, gravity model
JEL classification: C24, F14, F51

Received: May 6, 2019; Revised: November 26, 2019; Accepted: March 9, 2020; Published: June 30, 2020  Show citation

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Coufalová, L. (2020). Sanctions by Western Countries and Russian Countermeasures: Impact on Czech Exports. Politická ekonomie, 68(3), 348-366. doi: 10.18267/j.polek.1283
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