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Assessment of the EU and Ukraine Economic Security and Its Influence on Their Sustainable Economic Development

Author

Listed:
  • Inna Gryshova

    (Institute of Engineering-Sino-Russian Institute, Jiangsu Normal University, 101 Shanghai Rd, Tongshan Qu, Xuzhou 221100, Jiangsu, China)

  • Mykola Kyzym

    (Research Centre for Industrial Problems of Development, National Academy of Sciences of Ukraine, 1a Inzhenernyi Ln., 61166 Kharkiv, Ukraine)

  • Irina Hubarieva

    (Research Centre for Industrial Problems of Development, National Academy of Sciences of Ukraine, 1a Inzhenernyi Ln., 61166 Kharkiv, Ukraine)

  • Viktoriia Khaustova

    (Research Centre for Industrial Problems of Development, National Academy of Sciences of Ukraine, 1a Inzhenernyi Ln., 61166 Kharkiv, Ukraine)

  • Anatoly Livinskyi

    (Odessa State Agrarian University, 13 Panteleimonovskaya Str., 65000 Odessa, Ukraine)

  • Mykola Koroshenko

    (Zhytomyr Polytechnic State University, 103 Chudnivska Street, 10005 Zhytomyr, Ukraine)

Abstract

The article proves that security of the national economy characterizes the ability of the country to withstand the destabilizing effects of various internal and external threats and to ensure its sustainable development. The study is carried out in the following stages: Diagnosing threats to security of the national economy → assessing the level of economic security of countries of the world → clustering countries of the world according to the level of economic security → modelling the impact of the national economic security on sustainable economic development of a country → forming measures to ensure security of a country’s economy. The basis for assessing the level of economic security of a country is a hierarchically constructed system of indicators, including composite, complex, and sub-indicators. The assessment of the level of economic security is carried out on the basis of international indices and rankings. The analysis of the correlation between the level of GDP per capita and individual indicators included in the composite indicator of economic security made it possible to identify those that should become the primary concerns of governments in order to enhance economic security as well as increase the level of GDP and ensure sustainable development of countries.

Suggested Citation

  • Inna Gryshova & Mykola Kyzym & Irina Hubarieva & Viktoriia Khaustova & Anatoly Livinskyi & Mykola Koroshenko, 2020. "Assessment of the EU and Ukraine Economic Security and Its Influence on Their Sustainable Economic Development," Sustainability, MDPI, vol. 12(18), pages 1-26, September.
  • Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7692-:d:415038
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    References listed on IDEAS

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    1. P. Zhou & B. Ang & D. Zhou, 2010. "Weighting and Aggregation in Composite Indicator Construction: a Multiplicative Optimization Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 96(1), pages 169-181, March.
    2. LarÑ–sa Jankovska & Vyacheslav Tylchyk & Iryna Khomyshyn, 2018. "National Economic Security: An Economic And Legal Framework For Ensuring In The Conditions Of The European Integration," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(1).
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    4. Matteo Mazziotta, Adriano Pareto, 2013. "Methods For Constructing Composite Indices: One For All Or All For One?," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 67(2), pages 67-80, April-Jun.
    5. Inna Gryshova & Tatyana Shabatura & Stasys Girdzijauskas & Dalia Streimikiene & Remigijus Ciegis & Ingrida Griesiene, 2019. "The Paradox of Value and Economic Bubbles: New Insights for Sustainable Economic Development," Sustainability, MDPI, vol. 11(24), pages 1-17, December.
    6. Samira El Gibari & Trinidad Gómez & Francisco Ruiz, 2019. "Building composite indicators using multicriteria methods: a review," Journal of Business Economics, Springer, vol. 89(1), pages 1-24, February.
    7. Inna Gryshova & Mykola Kyzym & Viktoriia Khaustova & Volodymyr Korneev & Hennadii Kramarev, 2020. "Assessment of the Industrial Structure and its Influence on Sustainable Economic Development and Quality of Life of the Population of Different World Countries," Sustainability, MDPI, vol. 12(5), pages 1-25, March.
    8. Gabriel ANDRUSEAC, 2015. "Economic Security – New Approaches In The Context Of Globalization," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2), pages 232-240, August.
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    Cited by:

    1. Yurii Kharazishvili & Aleksy Kwilinski & Olena Grishnova & Henryk Dzwigol, 2020. "Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    2. Diankai Wang & Inna Gryshova & Anush Balian & Mykola Kyzym & Tetiana Salashenko & Viktoriia Khaustova & Olexandr Davidyuk, 2022. "Assessment of Power System Sustainability and Compromises between the Development Goals," Sustainability, MDPI, vol. 14(4), pages 1-23, February.
    3. Huasheng Zhu & Duer Su & Fei Yao, 2022. "Spatio-Temporal Differences in Economic Security of the Prefecture-Level Cities in Qinghai–Tibet Plateau Region of China: Based on a Triple-Dimension Analytical Framework of Economic Geography," IJERPH, MDPI, vol. 19(17), pages 1-29, August.
    4. Valentina Kravchenko & Tatiana Kudryavtseva & Yuriy Kuporov, 2021. "A Method for Assessing Threats to the Economic Security of a Region: A Case Study of Public Procurement in Russia," Risks, MDPI, vol. 9(1), pages 1-10, January.
    5. Hualin Xie & Zhe Li & Yu Xu, 2022. "Study on the Coupling and Coordination Relationship between Gross Ecosystem Product (GEP) and Regional Economic System: A Case Study of Jiangxi Province," Land, MDPI, vol. 11(9), pages 1-20, September.

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