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연구정보

[외교/안보] Global Economic Consequences of Russian Invasion of Ukraine

우크라이나 국외연구자료 연구보고서 MPRA 발간일 : 2024-05-09 등록일 : 2024-05-16 원문링크

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This paper investigates the global economic consequence of the Russia-Ukraine war over a fourmonth period from December 2021 to March 2022. Russia invaded Ukraine on the 24th of
February 2022. The study used the Pearson correlation and two-stage least square regression
methods to assess the impact of Russian invasion of Ukraine on the global economy. It was
observed that stock prices plunged on the day of the invasion. The Russian invasion of Ukraine
and the COVID-19 pandemic jointly led to a significant increase in the world price of food and
crude oil. The rise in the world food price index after the invasion was driven by a significant
increase in the price of dairy and oils. The rise in inflation in Russia and Ukraine after the invasion
was followed by a rise in inflation in countries that imposed severe sanctions on Russia, and in
countries that were not involved in the conflict in any way.

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