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The Asymmetric Impact of War: Resilience, Vulnerability and Implications for EU Policy

Author

Listed:
  • Giuseppe Celi

    (Università degli Studi di Foggia)

  • Dario Guarascio

    (Sapienza University of Rome)

  • Jelena Reljic

    (Sapienza University of Rome)

  • Annamaria Simonazzi

    (Sapienza University of Rome)

  • Francesco Zezza

    (Sapienza University of Rome)

Abstract

In 2019, over 96% of EU27 oil needs, nearly 90% of natural gas and over 43% of solid fuels were met by net imports, with the largest share coming from Russia (35% of oil, 40% of natural gas and 20% of solid fuels consumed in EU27). The decline in the share of oil since 2016 was more than off-set by the increase in gas and solid fuels.

Suggested Citation

  • Giuseppe Celi & Dario Guarascio & Jelena Reljic & Annamaria Simonazzi & Francesco Zezza, 2022. "The Asymmetric Impact of War: Resilience, Vulnerability and Implications for EU Policy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(3), pages 141-147, May.
    • Handle: RePEc:spr:intere:v:57:y:2022:i:3:d:10.1007_s10272-022-1049-2
    DOI: 10.1007/s10272-022-1049-2
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    2. Pandey, Dharen Kumar & Lucey, Brian M. & Kumar, Satish, 2023. "Border disputes, conflicts, war, and financial markets research: A systematic review," Research in International Business and Finance, Elsevier, vol. 65(C).
    3. Lorenzo Cresti & Giovanni Dosi & Federico Riccio & Maria Enrica Virgillito, 2023. "Italy and the Trap of GVC Downgrading: Labour Dependence in the European Geography of Production," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 869-906, November.
    4. Dario Guarascio & Jelena Reljic & Giacomo Cucignatto & Giuseppe Celi & Annamaria Simonazzi, 2023. "Between a rock and a hard place. Long-term drivers of EU structural vulnerability," Working Papers in Public Economics 237, University of Rome La Sapienza, Department of Economics and Law.
    5. Serenella Caravella & Francesco Crespi & Giacomo Cucignatto & Dario Guarascio, 2023. "Technological Sovereignty and Strategic Dependencies: The case of the Photovoltaic Supply Chain," LEM Papers Series 2023/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    6. Dan Gabriel Dumitrescu & Alexandra Horobe? & Cristiana Doina Tudor & Lucian Belascu, 2023. "Renewables and Decarbonisation: Implications for Energy Policy in the European Union," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 345-345, April.
    7. Lucian IVAN & Irena (ARADAVOAICEI) APOLZAN & Cosmin Sandu BADELE, 2023. "Predictions Of The Social And Economic Impact Of Global Trends," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(1), pages 145-152.
    8. Cappelli, Federica & Carnazza, Giovanni, 2023. "The Multi-dimensional Oil Dependency Index (MODI) for the European Union," Resources Policy, Elsevier, vol. 82(C).

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    More about this item

    Keywords

    F51; O52;

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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