The Economic Losses of Ukraine due to the Military Escalation

Анотація

Abstract. Introduction. Since 2013-2014 economic losses of Ukraine have increased all the time. The assessment of the losses is extremely important with the view to planning the economic recovery of the affected regions and Ukrainian economy overall. At the same time, there are many contradictions in the methods and techniques of assessment among researchers who tried to evaluate the losses of Ukrainian economy.
\nPurpose. Considering these contradictions, the purpose of the study is to analyze, generalize, and systemize the research approaches to the assessment of Ukrainian economic losses due to the military escalation, as well as to reveal the assessment criteria.
\nResults. Due to the systematization of the assessment approaches, the authors were able to reveal such directions of expert assessment as economic losses assessment based on the decrease in Ukrainian competitiveness on the world market; the assessment based on the decrease in economic indices of Ukrainian economy and its export potential; the expert assessment based on the losses of Ukrainian human and material capital; the assessment based on the calculation of future needs to restore the affected regions; the assessment of losses based on calculation of state property that was destroyed; the assessment of losses based on the decrease in Ukrainian export potential and availability of resources and infrastructure destruction; the assessment of direct and indirect losses, including GDP reduction. Direct losses were caused by the significant destruction of housing stock, social and production infrastructure facilities, and other important economic objects. At the same time, indirect economic losses are assessed via the calculation of expenses caused by the reduction of economic activity within the affected regions, as well as the destruction of supply chains and general decrease in the investment attractiveness.
\nConclusions. The authors conclude that, although methodological contradictions of assessment approaches among experts are obvious, all of the approaches have a similar goal to assess the economic losses of Ukraine in order to reveal the amount of necessary resources for the affected regions recovery and to define relevant vectors of domestic and foreign economic activity for Ukraine that would be able to restore its economic stability and international competitiveness.

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