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Global Politico-Economic Dynamics during a Local Conflict: Reciprocal Patterns of Cooperation and Sanctions

Global Politico-Economic Dynamics during a Local Conflict: Reciprocal Patterns of Cooperation and... AbstractEmploying global daily news coverage on interactions between stakeholders in G20 countries, this research offers a near-real-time analysis of changing interaction patterns between Russia and other G20 economies after the onset of open military conflict. Building on an event study over eight months, further analyses of reciprocal response dynamics point to potentially costly short-term consequences of sanctions, such as the breakdown and diversion of international cooperation amongst major economies in a broader sense. Once such a reciprocal cooperation decay has set in, re-establishing international cooperation between major societal actors may take considerable time. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The B.E. Journal of Economic Analysis & Policy de Gruyter

Global Politico-Economic Dynamics during a Local Conflict: Reciprocal Patterns of Cooperation and Sanctions

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Publisher
de Gruyter
Copyright
© 2022 Walter de Gruyter GmbH, Berlin/Boston
ISSN
1935-1682
eISSN
1935-1682
DOI
10.1515/bejeap-2022-0167
Publisher site
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Abstract

AbstractEmploying global daily news coverage on interactions between stakeholders in G20 countries, this research offers a near-real-time analysis of changing interaction patterns between Russia and other G20 economies after the onset of open military conflict. Building on an event study over eight months, further analyses of reciprocal response dynamics point to potentially costly short-term consequences of sanctions, such as the breakdown and diversion of international cooperation amongst major economies in a broader sense. Once such a reciprocal cooperation decay has set in, re-establishing international cooperation between major societal actors may take considerable time.

Journal

The B.E. Journal of Economic Analysis & Policy – de Gruyter

Published: Jan 1, 2023

Keywords: international cooperation; conflict responses; GDELT; big data

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