Formation of a System of Indicators of Assessment of Economic Security of Regions

Abstract

The economic security category of the region is complex, multifaceted and has many features. Therefore, the use of a multifactorial approach to assessing economic security is justified. Assessment of the economic security of a region is possible provided that formal approaches are used, using specific indicators. The practical implementation of the analytical and regulatory components of the process of ensuring the economic security of the region requires an economic assessment on the basis of and in comparison with the thresholds. In order to control the level of economic security of the region in order to develop preventive measures for expected threats, it is necessary to carry out a continuous study of the regional economic situation on the chosen system of indicators. The quantitative expression of indicators determines the thresholds for the functioning of the economic system of the region.

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

“…First, the factors concerning economic security are diverse and not unique and are not confined to the economic dimension. They involve not only economic growth capacity but also regional political and socio-economic contexts [ 23 , 29 ], innovative development capacity [ 28 ], natural and resource potential [ 30 ], ecological environment quality, population and social development capacity [ 2 ], and other aspects. There are also significant differences in the indicator selection and the composition of the RES index due to different assessment objectives.…”

“…Secondly, the factors that affect economic security come from both inside and outside a region. The internal factors are represented by indicators including GDP growth rate [ 23 , 29 ], inflation rate [ 29 , 30 ], family saving and asset accumulation [ 32 ], employment or unemployment rate [ 2 , 30 , 31 ], industrial structure [ 29 , 33 ], government procurement of public services [ 22 ], investment in fixed assets [ 23 ], residents’ income [ 2 , 30 ], etc. The external factors mainly reflect the dependence of a country/region on the global economy or its competitiveness in the global economic system, which involves foreign investment and import and export trade, and some specific indicators, including the proportion of FDI (Foreign Direct Investment) in GDP [ 31 , 33 ], import index [ 23 , 31 ], export index [ 29 , 33 ], cross-border investment [ 24 ], foreign trade [ 30 ], foreign debts and liabilities [ 23 ], as well as comprehensive indicators reflecting the level of globalization, such as globalization index, global competitiveness (e.g., the effective integration of countries in the global value chain and their competitive advantages in key economic fields [ 2 ]), and global cooperation (e.g., the framework of regional economic cooperation and integration dealing with traditional and non-traditional issues [ 24 ]).…”

“…Other researchers have focused on the calculation of the index of economic security, which is conducive to judging the trend of economic security and identifying unsafe areas and is also convenient for evaluating the influence of indicators on economic security. The typical methods include the integral and weighted sum method [ 2 , 30 ] and fuzzy modeling in research in Ukraine [ 13 ], and the weighted method in research in China [ 14 ]. Additionally, the weighted sum method [ 27 , 30 ], cluster analysis [ 2 , 13 ], regression analysis [ 2 , 22 ], and integral analysis [ 9 , 30 ] are also used to examine the causal relations.…”

“…The typical methods include the integral and weighted sum method [ 2 , 30 ] and fuzzy modeling in research in Ukraine [ 13 ], and the weighted method in research in China [ 14 ]. Additionally, the weighted sum method [ 27 , 30 ], cluster analysis [ 2 , 13 ], regression analysis [ 2 , 22 ], and integral analysis [ 9 , 30 ] are also used to examine the causal relations.…”

Forecasting the Economic Security Level of Murmansk Oblast as a Coastal Arctic Region

“…Forecasting the level of economic security of the regional system allows us to estimate the potential of socio-economic development of the subject of the Russian Federation [6], as well as the probability and scale of crisis situations in case of negative scenario conditions [7].…”