Charitable giving in wartime: Evidence from Ukraine’s war fundraising

Burse și Investiții

In the context of financing Ukraine’s wartime economy, Western governments have paid little attention to how Ukrainians are funding the war themselves. This column analyses giving to Ukraine’s largest non-governmental provider of lethal aid, Come Back Alive. Using high-frequency daily donation data, it finds that civilian fatalities and frontline media reports generate immediate and significant increases in donations which contribute to equipment for military units. It argues that under

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