An economic analysis of the impact of the Russian War in Ukraine on the Poland-U.S. trade

Nikolay Megits; Daniel Meyer

doi:10.15549/jeecar.v10i7.1426

Authors

Nikolay Megits Webster University, St. Louis, MO; University of Johannesburg, South Africa https://orcid.org/0000-0002-3959-7647
Daniel Meyer University of Johannesburg, South Africa https://orcid.org/0000-0001-6715-7545

DOI:

https://doi.org/10.15549/jeecar.v10i7.1426

Keywords:

Investement, Trade, Inernational Economics, Ukraine, United States, Poland, TradeMap, Russian war

Abstract

This research article examines the economic analysis of the influence of the Russian war in Ukraine on Poland and U.S. trade. The study employs a combination of quantitative and qualitative research methods to investigate the impact of the conflict on trade dynamics between the two countries. The quantitative analysis utilizes trade data, including import and export volumes, trade balances, trade flows, and economic output from 2003 to 2022 using TradeMap data. Descriptive and various econometric estimations were estimated. The qualitative analysis involves the evaluation of policy responses, trade strategies, and business decisions made in response to the conflict. The results indicate a rise in Polish exports to the U.S., but dominated by specific products. This research contributes to a comprehensive understanding of how the Russian war in Ukraine has affected Poland's trade with the U.S., provides valuable insights into the economic consequences of the conflict, and identifies potential avenues for future trade cooperation between Poland and the U.S.

Author Biographies

Nikolay Megits, Webster University, St. Louis, MO; University of Johannesburg, South Africa

Dr. Mykola (Nikolay) Megits is an expert in global economics with a distinguished record of academic achievement. He possesses over 30 years of international business experience, including strategic planning, sales, and import/export practices. Dr. Megits received his MBA and Doctorate in Economics. During his business career, Dr. Megits founded, owned, and operated several successful start-up enterprises. He established The Institute of Eastern Europe and Central Asia and launched the Journal of Eastern European and Central Asian Research (ieeca.org). Dr. Megits is an Academic of the Ukrainian Academy of Economic Sciences. Currently, he is teaching at Webster University School of Business and Technology, St. Louis, MO.

Daniel Meyer, University of Johannesburg, South Africa

Prof Daniel Meyer is a research professor in the College of Business and Economics at the University of Johannesburg (UJ), South Africa. Daniel specializes in regional and local economic development analysis and policy development. He has developed various measurement tools, indexes, and scales to analyze regional economies. He has authored over 100 internationally peer-reviewed research papers since 2015 and has also presented over 60 international conference papers, including many keynote addresses. His research is multi-disciplinary through the combination of development economics and public management and governance.

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