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  • Article title
  • Abstract
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  • 1. Introduction
  • 2. The current study
  • 3. Data and methodology
    • 3.1. Data
    • 3.1.2. Variables
    • 3.1.2.2. Sanctions variables
    • 3.1.2.3. Control variables
    • 3.1.2.3. Economic indicators
    • 3.2. Descriptive statistics
    • 3.3. Empirical method and analytical procedures
  • 4. Empirical results
    • 4.1. Estimated results
    • 4.1.2. Panel unit root test
    • 4.1.3. Regression estimates
    • 4.1.3.2. Alternative sanctions measures
    • 4.1.3.3. Exploring the inverse relationship between the reserve-to-GDP ratio and economic growth under sanctions
  • 5. Discussion
  • 6. Conclusions and policy implications
  • References
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