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

Inna Gryshova, Mykola Kyzym, Irina Hubarieva, Viktoria Khaustova (), Anatoly Livinskyi and Mykola Koroshenko
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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
Anatoly Livinskyi: Odessa State Agrarian University, 13 Panteleimonovskaya Str., 65000 Odessa, Ukraine
Mykola Koroshenko: Zhytomyr Polytechnic State University, 103 Chudnivska Street, 10005 Zhytomyr, Ukraine

Sustainability, 2020, vol. 12, issue 18, 1-26

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.

Keywords: economic security of a country; sustainable economic development; security threats; composite assessment; international indices and rankings; cluster analysis; correlation analysis; regression modelling (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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