Working Paper
The Allocative Cost of War
A View to a Kill…ing of Productivity
We study allocative efficiency and total factor productivity losses among Ukrainian firms during Russia’s full-scale invasion, 2022–2024. Combining ORBIS firm-level data, the Hsieh–Klenow misallocation framework, and the geocoded VIINA conflict dataset, we quantify how the war has reshaped the productive fabric of the Ukrainian economy.
JEL F51 · O47 · O52 · D24 · D61 · H56