The war effect: a macro view of the economic and environmental situation of Ukraine

Oksana Hrynevych, Miguel Blanco Canto and Mercedes Jiménez García

Applied Economics, 2024, vol. 56, issue 39, 4685-4701

Abstract: Today, Ukraine find itself in a very difficult situation, on the one hand, the already unstable economy has just begun to recover after the coronavirus crisis; on the other hand, it is suffering colossal losses from Russian aggression. The article examines the current economic and ecological state of Ukraine, considering the influence of such drastic external factors as a military invasion with the aim of determining the prerequisites for the formation of an effective social and environmental policy and developing approaches to the improvement and stabilization of the national economy. To achieve the goals of the article, have been used intersectoral balance and in particular economic impact analysis (EIA), which was conducted on the example of the Ukrainian agricultural sector, because it is one of the three driving forces of its economy. The results of the study showed the scenarios of possible changes and their consequences for the economy of the state as a whole, and in the future can be used for study in order to develop new and improve existing methods of solving socio-economic problems at the national level and preserving natural capital, as one of the key elements on path to sustainable development.

Date: 2024
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DOI: 10.1080/00036846.2023.2212975

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