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Trade in Small Arms and Light Weapons. Are embargoes effective?

1 month ago   |   By The World Economy

Abstract
This paper analyses the trade in Small Arms and Light Weapons from 1990 to 2017. Our analysis relies on an unbalanced panel of 79,245 observations reporting SALW exports between 9,275 pairs of countries. In particular, we study the impact of embargoes on trade in SALW. We use a gravity model framework including, in addition to traditional gravity variables, specifically SALW trade controls. The main results show that: embargoes reduce SALW exports to sanctioned countries by 33%; An EU embargo appears to determine a decrease of 37% of SALW transfers whereas for UN embargoes the...
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