arXiv Open Access 2023

The Economic Costs of the Russia-Ukraine War: A Synthetic Control Study of (Lost) Entrepreneurship

David Audretsch Paul P. Momtaz Hanna Motuzenko Silvio Vismara

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This synthetic control study quantifies the economic costs of the Russo-Ukrainian war in terms of foregone entrepreneurial activity in both countries since the invasion of Crimea in 2014. Relative to its synthetic counterfactual, Ukraine's number of self-employed dropped by 675,000, corresponding to a relative loss of 20%. The number of Ukrainian SMEs temporarily dropped by 71,000 (14%) and recovered within five years of the conflict. In contrast, Russia had lost more than 1.4 million SMEs (42%) five years into the conflict. The disappearance of Russian SMEs is driven by both fewer new businesses created and more existing business closures.

Topik & Kata Kunci

econ.GN

Penulis (4)

David Audretsch

Paul P. Momtaz

Hanna Motuzenko

Silvio Vismara

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Audretsch, D., Momtaz, P.P., Motuzenko, H., Vismara, S. (2023). The Economic Costs of the Russia-Ukraine War: A Synthetic Control Study of (Lost) Entrepreneurship. https://arxiv.org/abs/2303.02773

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Tahun Terbit: 2023
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓