We assess the economic implications of the Russia-Ukraine war focusing on member states’ relative vulnerability. Relying on a heterogeneous set of data sources, key channels are considered: employment share of energy-intensive industries; import dependency with respect to energy goods (oil, coal and gas), key raw materials and intermediate goods; and production linkages. After mapping the (asymmetric) vulnerability of the European economies, we conclude by discussing the potential risks of adopting a wartime agenda for the EU economic policy.
The Asymmetric Impact of war: Resilience, Vulnerability and Implications for EU Policy
Giuseppe Celi;
2022-01-01
Abstract
We assess the economic implications of the Russia-Ukraine war focusing on member states’ relative vulnerability. Relying on a heterogeneous set of data sources, key channels are considered: employment share of energy-intensive industries; import dependency with respect to energy goods (oil, coal and gas), key raw materials and intermediate goods; and production linkages. After mapping the (asymmetric) vulnerability of the European economies, we conclude by discussing the potential risks of adopting a wartime agenda for the EU economic policy.File in questo prodotto:
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