The Effect Of The War On Human Capital In Ukraine And The Path For Rebuilding

via Center for Economic Policy Research
Tuesday, June 21, 2022
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istock

Co-authors: Yuriy Gorodnichenko and Ayşegül Şahin

In February 2022, Russia launched a full-scale invasion of Ukraine that has caused major destruction and loss of human life in the country. The war continues to have profound effects on the Ukrainian population. Rebuilding the country’s economy and a plan to revive the economic and social livelihoods of Ukrainians are of foremost importance. Since World War II, the economic growth literature has extensively analysed the economic performance of various countries and has identified the accumulation of physical and human capital and technological catch-up as important factors for economic and social recovery (e.g., Christensen et al. 1980, Gilchrist and Williams 2004). In this Policy Insight, we focus on the effect of war on a country’s human capital and identify key directions for rebuilding human capital in Ukraine.

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