IDEAS home Printed from https://ideas.repec.org/a/bpj/pepspp/v29y2023i4p289-299n3.html
   My bibliography  Save this article

The European Union and Achieving Peace in Ukraine

Author

Listed:
  • Corneo Giacomo

    (Department of Economics, Freie Universität Berlin, Boltzmannstr. 20, 14195 Berlin, Germany)

Abstract

The war between Ukraine and Russia does not only harm their respective populations: the rest of Europe is heavily affected. While some welfare losses for the EU are salient, the most significant one is not: it is the risk that the war escalates into a major nuclear conflict. A promising policy to minimize those losses exploits the desire of both Ukrainians and Russians to join the EU. I propose that they should if they immediately cease all fighting and subscribe to a distinctive, incentive-compatible, peace agreement brokered by the EU. Such an agreement would come at small costs to the EU, costs that would vanish in comparison to the risk of nuclear holocaust.

Suggested Citation

  • Corneo Giacomo, 2023. "The European Union and Achieving Peace in Ukraine," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 29(4), pages 289-299, December.
    • Handle: RePEc:bpj:pepspp:v:29:y:2023:i:4:p:289-299:n:3
    DOI: 10.1515/peps-2023-0055
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/peps-2023-0055
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/peps-2023-0055?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    2. Michael D. Intriligator & Dagobert L. Brito, 1987. "Can Arms Races Lead to the Outbreak of War?," International Economic Association Series, in: Christian Schmidt (ed.), The Economics of Military Expenditures, chapter 9, pages 180-196, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raul Caruso, 2015. "Beyond deterrence and decline. Towards a general understanding of peace economics," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 123(1), pages 57-74.
    2. Giulio Federico, 2001. "IMF Conditionality," Economics Papers 2001-W19, Economics Group, Nuffield College, University of Oxford, revised 01 Sep 2001.
    3. R. Cellini & L. Lambertini, 2000. "Differential Games and Oligopoly Theory: An Overview," Working Papers 369, Dipartimento Scienze Economiche, Universita' di Bologna.
    4. Gilles Carbonnier, 2018. "Humanitarian economics," WIDER Working Paper Series wp-2018-54, World Institute for Development Economic Research (UNU-WIDER).
    5. Jörg Bibow, 2018. "How Germany’s anti-Keynesianism has brought Europe to its knees," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(5), pages 569-588, September.
    6. Peter A.G. van Bergeijk, 2013. "Earth Economics," Books, Edward Elgar Publishing, number 14673, March.
    7. Charles H. Anderton, 1989. "Arms Race Modeling," Journal of Conflict Resolution, Peace Science Society (International), vol. 33(2), pages 346-367, June.
    8. James D. Morrow, 1989. "A Twist of Truth," Journal of Conflict Resolution, Peace Science Society (International), vol. 33(3), pages 500-529, September.
    9. Jacques Fontanel, 1995. "Méthodes et hypothèses d'analyse économique du désarmement et de ses effets sur les économies nationales," Post-Print hal-03335870, HAL.
    10. Michael D. Intriligator, 2009. "Globalisation of the World Economy: Potential Benefits and Costs and a Net Assessment," Chapters, in: Linda Yueh (ed.), The Law and Economics of Globalisation, chapter 11, Edward Elgar Publishing.
    11. Marianna Astore & Michele Fratianni, 2016. ""We can't pay": How Italy cancelled war debts after Lausanne," Mo.Fi.R. Working Papers 129, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    12. Vladimir Gligorov, 2016. "The Transfer and Adjustment Problems in the Balkans," wiiw Balkan Observatory Working Papers 125, The Vienna Institute for International Economic Studies, wiiw.
    13. Laidler, David, 2010. "Lucas, Keynes, And The Crisis - Erratum," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(3), pages 443-443, September.
    14. Massimo Di Matteo, 2016. "Un ricordo di Marcello de Cecco," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2016(118-119-1), pages 59-68.
    15. Saakshi Jha & Sunny Bhushan & Nupur Nirola, 2024. "Is geopolitical risk always detrimental to economic growth?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-31, April.
    16. T. Gerasimos S. & V. Erotokritos & Т. Герасимос С. & В. Эротокритос, 2017. "Предварительный поведенческий подход в таргетированию реальных доходов // A Tentative Behavioral Approach to Real Income Targeting," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 17-31.
    17. Steven Brakman & Charles Van Marrewijk, 2007. "Transfers, Nontraded Goods, and Unemployment: An Analysis of the Keynes-Ohlin Debate," History of Political Economy, Duke University Press, vol. 39(1), pages 121-143, Spring.
    18. Angelo Federico Arcelli & Reiner Stefano Masera & Giovanni Tria, 2021. "Da Versailles a Bretton Woods e ai giorni nostri: errori storici e modelli ancora attuali per un sistema monetario internazionale sostenibile (From Bretton Woods to our days: Historic mistakes and mod," Moneta e Credito, Economia civile, vol. 74(296), pages 249-273.
    19. Corsetti, Giancarlo & Martin, Philippe & Pesenti, Paolo, 2013. "Varieties and the transfer problem," Journal of International Economics, Elsevier, vol. 89(1), pages 1-12.
    20. Roger B. Myerson, 2004. "Political Economics and the Weimar Disaster," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(2), pages 187-209, June.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:pepspp:v:29:y:2023:i:4:p:289-299:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.