Engineering Ukraine's Wirtschaftswunder
Journal: National Bureau of Economic Research
Year: 2025

As Ukraine emerges from the devastation of war, it faces a historic opportunity to engineer its own Wirtschaftswunder-a productivity-driven economic transformation akin to post-war West Germany.While investment-led growth may offer quick wins, it is efficiency, innovation, and institutional reform that will determine Ukraine's long-term economic trajectory.Drawing on rich micro-level firm data spanning 25 years, this paper uncovers deep structural distortions that have suppressed creative destru