2019
DOI: 10.2139/ssrn.3392199
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The War in Europe: Economic Costs of the Ukrainian Conflict

Abstract: With more than ten thousand casualties, the 2014 Ukrainian war between pro-Russian separatists and the government in the Donbass region, Ukraine's productive core, has taken a severe toll on the country. Using crosscountry panel data over the period 1995-2017, this paper quantifies the short-term causal effects of the Donbass war on Ukraine's GDP. Results from the counterfactual estimation by the synthetic control method show that Ukraine's per capita GDP foregone due to the war amounts to 15.1% on average for… Show more

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Cited by 13 publications
(11 citation statements)
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“…Russia has historically been the European Union's largest supplier of natural gas (Maltby, 2013). After the 2006 and 2009 Russia-Ukraine-Europe gas disputes (Fernández Carvajal et al, 2020), followed by tensions in the wake of the 2013-2014 Ukrainian crisis (Bluszcz & Valente, 2019), the EU has sought to reduce its dependency on Russian natural gas imports (Maltby, 2013). However, Russia continues to supply around 40% of EU gas consumption (Figure 1).…”
Section: Eu's Supply Diversification and Demand Curtailment Optionsmentioning
confidence: 99%
“…Russia has historically been the European Union's largest supplier of natural gas (Maltby, 2013). After the 2006 and 2009 Russia-Ukraine-Europe gas disputes (Fernández Carvajal et al, 2020), followed by tensions in the wake of the 2013-2014 Ukrainian crisis (Bluszcz & Valente, 2019), the EU has sought to reduce its dependency on Russian natural gas imports (Maltby, 2013). However, Russia continues to supply around 40% of EU gas consumption (Figure 1).…”
Section: Eu's Supply Diversification and Demand Curtailment Optionsmentioning
confidence: 99%
“…Within the framework of the first direction of research, the works [2][3][4][5][6][7][8][9][10][11] should be highlighted. and the Russian Federation in 2014-2019 during the Russian-Ukrainian military conflict.…”
Section: Literature Review and Problem Statementmentioning
confidence: 99%
“…The article [6] substantiates the invasion of Russia due to a shortage of resources in the military-industrial sphere, the replenishment of which occurs through the control of Ukrainian resources. Calculation of economic losses of Ukraine as a result of military intervention carried out in [7]. In the article [8] it is proved that in Ukraine there was a decrease in the financial well-being of the population along with deterioration in the state of health throughout the territory, and in Russia -only in the border region.…”
mentioning
confidence: 99%
“…Two years after the conflict began Published by ECSDEV, Via dei Fiori, 34, 00172, Rome, Italy http://ecsdev.org the estimates rose to $ 60-72 billion (Kasperovich, 2018;Aslund, 2018), though some $ 300 billion in estimates have been published (Kravchenko, 2018). In 2019, more thorough research has summarized material losses in the range of $ 32-$ 90 billion (Vyshnevskyi, 2019;Prokaza, 2019;Bluszcz and Valente, 2019;Pashkov (eds. ), 2019).…”
Section: Criteria Defining For the Military Conflict Impact On The Lomentioning
confidence: 99%