20.500.12556/DKUM-93013 Transformative economic challenges the impact of COVID-19 and the war in Ukraine on the European Union Transformacijski izzivi gospodarstva vpliv COVID-19 in vojne v Ukrajini na Evropsko unijo This paper aims to explore the economic effects of the COVID-19 pandemic and the war in Ukraine on the twenty-seven European Union (EU) member states, known as the EU-27. A vector autoregression (VAR) of quarterly data for the period 2020–2022 was employed to study the impact of the coronavirus and the Russian invasion of Ukraine on growth, unemployment and inflation in the EU-27. The results from the empirical analysis indicated that the war in Ukraine lowered growth and raised inflation and unemployment, while the COVID-19 pandemic did not affect growth, increased unemployment and decreased inflation in the EU-27. It may be concluded that the war in Ukraine shifted the EU aggregate supply curve to the left, whereas the coronavirus pandemic resulted in inflation-unemployment trade-off in the EU. Namen članka je raziskati gospodarske učinke pandemije covid-19 in vojne v Ukrajini na sedemindvajset držav članic Evropske unije (EU-27). Za preučevanje vpliva koronavirusa in ruske invazije na Ukrajino na rast, brezposelnost in inflacijo v EU-27 je bila uporabljena metoda vektorske avtoregresije (VAR) na četrtletnih podatkih za obdobje 2020–2022. Rezultati empirične analize so pokazali, da je vojna v Ukrajini zmanjšala gospodarsko rast ter povečala inflacijo in brezposelnost, medtem ko pandemija covid-19 ni vplivala na rast, povečala je brezposelnost in znižala inflacijo v EU-27. Zaključimo lahko, da je vojna v Ukrajini premaknila agregatno krivuljo ponudbe EU v levo, medtem ko je pandemija koronavirusa povzročila kompromis med inflacijo in brezposelnostjo v EU. European Union COVID-19 war in Ukraine economic effects Evropska unija covid-19 vojna v Ukrajini gospodarski učinki true false true Angleški jezik Slovenski jezik Znanstveno delo 2025-05-30 13:14:37 2025-05-30 13:14:37 2025-05-31 03:09:16 0000-00-00 00:00:00 2024 0 0 str. 71-82 no. 3 Vol. 70 sep. 2024 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2024-10-06 33:005.931.1(4-6EU) 237801475 10.2478/ngoe-2024-0017 0547-3101 https://sciendo.com/article/10.2478/ngoe-2024-0017 1 46f33738-3d47-11f0-adaa-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=191552 RAZ_Todorov_Ivan_2024.pdf RAZ_Todorov_Ivan_2024.pdf 1 958BE40345B4EDEC5D529255C235DFD3 228da25978f7959c2346561f28e5f23d7974fddcf1f05187885a120dc1586ab9 73c7b6cc-3d47-11f0-adaa-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=191554 Ekonomsko-poslovna fakulteta Naše gospodarstvo 0 0 0