Strategic imperatives of using institutional indicators of economic security in the management of sustainable development

Petro Makarenko and Tetyana Velуchko
Additional contact information
Petro Makarenko: Odesa Polytechnic National University
Tetyana Velуchko: Odesa Polytechnic National University

University Economic Bulletin, 2022, issue 53, 111-117

Abstract: The subject of the study is the strategic imperatives of sustainable development management, which are understood as dominant priorities for a certain period of time. In this context, at this stage, they are most closely related to economic and national security and their institutional indicators. The purpose of the article is to define a set of institutional indicators, problems and possibilities of their use in accordance with the strategic imperatives of managing sustainable development. The methodological basis of the article is the methods and approaches of economic, institutional and theory of sustainable development. In particular, historical, monographic, system-structural analysis and synthesis, indicative are used. Results of the article. As a result of the study, it was found that institutional indicators of sustainable development are related to various spheres of activity: social, industrial and economic, monetary policy and currency regulation, public administration. They are different in nature, but they are united by normative and threshold values and constraints as favorable or critical for sustainable development. This concerns the quantification of the impact of formal and informal institutions, as well as the emergence of pseudo-institutions. Therefore, the institutional system and its dynamics – the modernization of existing institutions and the creation of new institutions – are of strategic importance for sustainable development. Field of application of results. Local self-government bodies, business structures, institutions of the social sphere, institutions of higher education. Conclusions. The interrelationship of the institutional environment, the presence of threats to sustainable development and the state of economic security of the country testify to the legality of using institutional indicators in the management of sustainable development. Under the condition of further research of the institutional components of economic security, a much more accurate and detailed description of the institutional component of sustainable development, the development of methods for its assessment, the determination of indicators, indices, and threshold values can be achieved. Regarding the institutions of civil society, as well as the institutions of sustainable development, they need further development. Therefore, the reorganization of economic security priorities and institutional modernization can be delayed for a long time, which should not be allowed. If the national government is able to combine the protection of national interests with the course of de-corruption, deshadowing, then this will be a big step forward on the way to institutional modernization and the system of economic security, and processes of sustainable development.

Keywords: sustainable development; national economy; institutional indicators; risks; threshold values; institutions; strategic imperatives; management (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://economic-bulletin.com/index.php/journal/article/view/886/882 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aff:colart:y:2022:i:53:p:111-117

DOI: 10.31470/2306-546X-2022-53-111-117

Access Statistics for this article

University Economic Bulletin is currently edited by Tetiana Rybakova

More articles in University Economic Bulletin from Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education Contact information at EDIRC.
Bibliographic data for series maintained by Svitlana Kucherenko ().