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BUSINESS INFORM №4-2017

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7

Section: Foreign Experience
UDC 332.02
Ievdokymov V. V., Polchanov A. Y.
The Impact of Military Conflicts on National Economies of the Post-Socialist Space Countries (p. 48 - 54)

The article is concerned with studying the impact of military conflicts on the national economies. The study is aimed at assessing sensitivity of the key macroeconomic indicators (GDP, share of military spending in the GDP, and unemployment rate) to the military actions, which evolved on the territory of the former USSR countries (Azerbaijan, Georgia, Moldova, Russia, Tajikistan) until 2013. According to the results of generalization of publications on this topic three states of the national economy in relation to military conflicts were allocated: the peace-time economy, the war economy, the post-conflict economy. A reduced financing for the defense sector and rising unemployment in the first post-war years, as well as a gradual increase in the GDP on completion of the military actions in the countries under consideration, have been identified. Some attention was paid to the macroeconomic situation and the State policy in the sphere of national security and defense of Ukraine prior to 2014.
Keywords: military conflicts, economic development, national economy, national defense, financing.
Fig.: 6. Tabl.: 2. Bibl.: 26.

Ievdokymov Viktor V. – Doctor of Sciences (Economics), Professor, Rector, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: [email protected]
Polchanov Andrii Yu. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Credit, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Ievdokymov, Viktor V., and Polchanov, Andrii Yu. (2017) “The Impact of Military Conflicts on National Economies of the Post-Socialist Space Countries.” Business Inform 4:48–54.


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