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Economic Consequences Of War In Ukraine: A Comprehensive Analysis

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  • Mihai-Ciprian LUȘCAN

    (Babeș-Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration, Marketing Department, Cluj-Napoca, Romania)

Abstract

The armed conflict that erupted in Ukraine has had profound economic ramifications, not only for the country itself but also for the wider region. This paper aims to provide a comprehensive analysis of the economic consequences of the war in Ukraine, exploring its impact on various sectors and long-term development prospects. Drawing upon a range of primary and secondary data sources, the study presents a multifaceted assessment of the economic effects, considering both immediate and long-term implications. The paper examines the direct costs of the conflict, including the destruction of infrastructure, loss of human capital, and disruption of production and trade. It investigates the impact on key sectors such as agriculture, manufacturing, energy, and finance, highlighting the challenges faced by businesses and the labor market. It examines the role of external financial assistance and the effectiveness of economic policies implemented during the crisis. Finally, the study concludes by synthesizing the key findings on the economic consequences of the war in Ukraine. These recommendations encompass both short-term measures to address immediate challenges and long-term strategies to foster sustainable economic development and reconciliation. This comprehensive analysis of the economic consequences of the war in Ukraine contributes to the existing literature by providing a nuanced understanding of the multifaceted impacts of the conflict. It offers valuable insights for policymakers, international organizations, and researchers seeking to comprehend and address the economic challenges arising from war-affected regions.

Suggested Citation

  • Mihai-Ciprian LUȘCAN, 2024. "Economic Consequences Of War In Ukraine: A Comprehensive Analysis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(1), pages 416-424, July.
    • Handle: RePEc:ora:journl:v:33:y:2024:i:1:p:416-424
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • F00 - International Economics - - General - - - General
    • F19 - International Economics - - Trade - - - Other
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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