Principles of Assessing the Economic Security of the Region

Abstract

The subject of the study is the theoretical and methodological aspects of assessing the economic security of the region. The purpose of the article is to develop a methodology for assessing the economic security of the region on the basis of the analysed basic methods and techniques. Research methodology. The theoretical and methodological basis of the study is the fundamental provisions of economic theory, modern concepts of economic security on the meso-level, scientific works of Ukrainian and foreign scholars, and state laws and regulations on the assessment of economic security. In the course of the research, general scientific and special methods of research were applied, namely: theoretical generalization, scientific abstraction, and system analysis-during the generalization of theoretical foundations of the subject-object sphere of research, comparison study-during the establishment of causal relationships, data classification and systematization, comparative analysis-when identifying the positive and negative sides of the investigated methods of assessing economic security, abstract-logical analysis-in the process of drawing conclusions. The research results show that the use of methods of monitoring and analysis of the key economic indicators, on the basis of which the integral indicators of components of regional economic security and the overall integral indicator are calculated, allows carrying out a comprehensive analysis of the current state of economic security, determining its positive and negative tendencies in general and by separate functional constituents. The methodology for assessing the economic security of the region is proposed, which allows fully taking into account the impact of threats on the economic security of the region and evaluating it in a complex way with the use of a system of indicators. The threshold, critical, and satisfactory value for an integrated assessment of the regional economic security and individual components are calculated. Intervals of satisfactory, unsatisfactory, critical, and absolutely unsatisfactory state of economic security of the region are determined. Practical implementation. The obtained assessments of the regional economic security are useful for making decisions in order to avoid destructive processes of socioeconomic development of regions. Further research directions are related to the calculation and analysis of the state of economic security of regions of Ukraine, determination of the degree of influence of threats on the regional economic security, development of a model for ensuring regional development security.

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

“…Author (Onyshchenko et al, 2018) proposes to calculate the regional product index according to formula (1). The cost of producing a regional product includes the cost of regional costs, that is, the cost of the main factors involved in the regional economy.…”

“…The requirements to the system of indicators developed by the authors are expedient (Onyshchenko et al, 2018):…”

“…Gross Domestic Product (GRP) in current and comparative per capita prices or percentage of GRP growth as a percentage of the corresponding period of the previous year is a special place in the system of economic security of the region (Babenko et al, 2020). Gross regional product (GRP) as the main indicator of the development of the regional economy is determined by the production method as the difference between the amount of outputs and the amount of intermediate consumption of products (Onyshchenko et al, 2018). GRP is also the value of a regional product created over a period of time by all the factors involved in regional capital.…”

Trends And Contradictions In The Economic Security Of The Region Development

“…The authors proposed an indicative model for assessing regions' economic security and tested it on Sverdlovsk region data. Onyshchenko and Bondarevska (2018) developed the method of assessing the region's economic security, which consists of integral indicators and their thresholds, divided to the satisfactory, unsatisfactory, critical, and unsatisfactory state of economic security of the region. Kayukov and Shikhverdiev (2018) examine regional economic security, specifically in institutional theory paradigm, which helps identify specific institutional factors, such as market behaviour.…”

The assessment of economic security for the “Yenisei Siberia” regions in digitalization

“…An integrated methodology for assessing the economic security of a region (Tretyakov D.V. [7], Onishchenko V. [8]) 8. Methodology for estimating the resulting indicators of the economic security of the region (Tsvetkov V.A., Dudin M.N.)…”