@article{article_486523, title={The Effects of International Sanctions on External Debt}, journal={Gaziantep Üniversitesi Sosyal Bilimler Dergisi}, volume={18}, pages={662–673}, year={2019}, DOI={10.21547/jss.486523}, author={Durmaz, Atakan and Akkuş, Ömer}, keywords={Sanctions,external debt,developing countries,less developed countries}, abstract={<p class="MsoNormal" style="margin-top:6pt;margin-right:0cm;margin-bottom:.0001pt;margin-left:0cm;text-align:justify;line-height:normal;"> <span lang="en-us" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-us">In this study, the effects of international sanctions
imposed by the United States (US) and multinational institutions (European Union
(EU) and the United Nations (UN)) on the external debts of less developed
or/and developing countries are empirically assessed. Our sample includes 44
countries experienced international sanctions over the period 1976-2014. </span> <span style="font-size:10pt;font-family:’Times New Roman’, serif;">According to the
results, the sanctions significantly increase the external debt of the target
country. Moreover, if the targeted countries increase government expenditures
against these sanctions, it is seen that the tendency of these sanctions to
increase external debt is lower in sanctioned periods. Adding to these, the
effect of the type of regime in targeted countries on external debt varies
according to the state of government expenditures.  </span> </p> <p> </p>}, number={2}, publisher={Gaziantep University}