Ukraine's unconsidered losses from the annexation of Crimea: What should we account for in the DCFTA forecasts?
Journal: Review of Development Economics
Year: 2018

Abstract In March 2014 Crimea unilaterally declared its independence from Ukraine and joined the Russian Federation. The separation of a part of a state's territory and economy is an interesting matter to examine. The economy of Ukraine has not only shrunk, but also changed its structure as Crimea had a quite distinct production pattern compared to the rest of Ukraine. Moreover, policy measures initialized before the separation may have different effects once applied only to a part of the former