The Role of Sanctions in Venezuela's Collapse: A Critical Comment on Santos et al. (2026)

Rodriguez, Francisco (2026): The Role of Sanctions in Venezuela's Collapse: A Critical Comment on Santos et al. (2026).

Abstract

Santos et al. (2026) claim that the bulk of the decline in Venezuela's income preceded the imposition of economic sanctions and that the rate at which the economy contracted did not accelerate after sanctions. Both claims are false. Even if they were true, they would support the authors' conclusions only if one were to disregard the effect of oil prices on the Venezuelan economy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Sanctions, Venezuela, Latin America, Economic Growth
• Subjects: F - International Economics > F5 - International Relations, National Security, and International Political Economy > F51 - International Conflicts ; Negotiations ; Sanctions; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O54 - Latin America ; Caribbean; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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