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Methodical Support Of Assessment Of The Development Of Economic Security Of The Region

Author

Listed:
  • Ganna Iefimova

    (Admiral Makarov National University of Shipbuilding, Ukraine)

  • Andrey Labartkava

    (Admiral Makarov National University of Shipbuilding, Ukraine)

  • Oleksiy Pashchenko

    (Admiral Makarov National University of Shipbuilding, Ukraine)

Abstract

The subject of research is actual problems of diagnostics of threats and risks of regional development, factors of economic safety, methodological support of its estimation. The aim is to formulate a methodological framework for assessing the economic security of the regions development. The formation of the research methodology is carried out on the basis of theoretical and methodological platform for the development of rating method for assessing the economic security of the region. The use of the matrix method for describing the initial state of the system has been justified; the method of normalized values has been used for bringing various indices. Factors influencing the level of investment activity and economic security of the region have been identified. All factors that change the level of economic security are divided into four groups depending on the macroeconomic indicators, the level of which they take into account. It is proposed to divide them into two groups – direct action factors that increase the level of safety and reverse action factors that reduce it. Indicators characterizing the economic development of the region have been grouped by factors of economic security. For each group, the significance of the impact of indicators of individual groups for evaluation of the economic security of the region development has been determined. To estimate the economic security of the regions' development, it was proposed to use an integral indicator based on the state of general economic development, investment activity in the region and demographic indicators of economic development. Depending on the influence of individual factors, the rank of each region is determined first for each group of factors, and then the integral. According to the results of the assessment of the economic security of regions' development by individual groups of factors and the calculated integral indicator, the place of each region has been determined by the level of economic security. The result of the study is classification of the regions according to certain criteria on the basis of the integral index of economic security of the regions' development, which will allow not only to compare the level of economic security, but also to formulate a nationally balanced regional development strategy and identify priority investment areas.

Suggested Citation

  • Ganna Iefimova & Andrey Labartkava & Oleksiy Pashchenko, 2020. "Methodical Support Of Assessment Of The Development Of Economic Security Of The Region," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(5).
    • Handle: RePEc:bal:journl:2256-0742:2020:6:5:14
    DOI: 10.30525/2256-0742/2020-6-5-113-117
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    References listed on IDEAS

    as
    1. Dawood Mamoon, 2012. "Economic security, well functioning courts and a good government," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 39(8), pages 587-611, June.
    2. Do Van Thanh, 2019. "Macro-Econometric Model For Medium-Term Socio-Economic Development Planning In Vietnam. Part 1: Structure Of The Model," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 121-136.
    3. Thales Pacific Yapatake Kossele & Li Jin Shan, 2018. "Economic Security and the Political Governance Crisis in Central African Republic," African Development Review, African Development Bank, vol. 30(4), pages 462-477, December.
    4. Pacific K. T. Yapatake & Shan J. Li, 2018. "Economic Security and Political Governance Crisis in the Central African Republic," CEREDEC Working Papers 18/001, Centre de Recherche pour le Développement Economique (CEREDEC).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic security; economic development; region; risk; threat;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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