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Title International economic and social determinants of the state economic security: A causal analysis
Authors Orlov, V.
Bukhtiarova, Alina Hennadiivna  
Marczuk, M.
Heyenko, M.
ORCID http://orcid.org/0000-0003-3466-4262
Keywords causal analysis
economic development
GDP
public administration
state economic security
Type Article
Date of Issue 2021
URI https://essuir.sumdu.edu.ua/handle/123456789/87617
Publisher LLC “Consulting Publishing Company “Business Perspectives”
License Creative Commons Attribution 4.0 International License
Citation Volodymyr Orlov, Alina Bukhtiarova, Marcin Marczuk and Mykhaylo Heyenko (2021). International economic and social determinants of the state economic security: A causal analysis. Problems and Perspectives in Management, 19(4), 301-310. doi:10.21511/ppm.19(4).2021.24
Abstract The priority task for ensuring the economic security of a country, which is especially noticeable in the rapidly changing conditions of the contemporary global world, is to forecast challenges and threats. Economic security is one of the necessary conditions for state development, which provides guidelines for making major social and economic decisions. There are a few studies on the determinants of the economic security and no data about security determinants that are required to monitor it. The study aims to identify possible links between leading determinants of the economic security. For this purpose, on the example of Ukraine, causal links between the formation of real GDP (as the leading determinant that characterizes the economic security of the state), 11 determinants that indicate the level of international economic development, and 6 determinants of social development for the period 2014–2020 were determined. With a 5% level significance, the impact on the volume of real GDP of 14 determinants of state economic security was noted and specific time lags were defined. Besides, the bilateral causal effect and lack of causal connection between individual determinants were mentioned. Findings are helpful for effective public administration. In addition, active measures are needed to combat corruption, shadow and criminal economy, and state protection of domestic producers operating in the military, food, information, and energy security sectors.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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Canada Canada
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China China
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Ethiopia Ethiopia
110794
Lithuania Lithuania
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Singapore Singapore
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Uganda Uganda
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Ukraine Ukraine
459358859
United Kingdom United Kingdom
15929300
United States United States
-1064832730
Unknown Country Unknown Country
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Vietnam Vietnam
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