International economic and social determinants of the state economic security: A causal analysis

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 gui...

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Autores principales:	Volodymyr Orlov, Alina Bukhtiarova, Marcin Marczuk, Mykhaylo Heyenko
Formato:	article
Lenguaje:	EN
Publicado:	LLC "CPC "Business Perspectives" 2021
Materias:	causal analysis economic development GDP public administration state economic security Business HF5001-6182
Acceso en línea:	https://doaj.org/article/4323cae85cd84e6382d78a949177c163
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spelling	oai:doaj.org-article:4323cae85cd84e6382d78a949177c1632021-11-23T11:36:04ZInternational economic and social determinants of the state economic security: A causal analysis10.21511/ppm.19(4).2021.241727-70511810-5467https://doaj.org/article/4323cae85cd84e6382d78a949177c1632021-11-01T00:00:00Zhttps://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15845/PPM_2021_04_Orlov.pdfhttps://doaj.org/toc/1727-7051https://doaj.org/toc/1810-5467The 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. AcknowledgmentAlina Bukhtiarova gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine (0120U100473).Volodymyr OrlovAlina BukhtiarovaMarcin MarczukMykhaylo HeyenkoLLC "CPC "Business Perspectives"articlecausal analysiseconomic developmentGDPpublic administrationstate economic securityBusinessHF5001-6182ENProblems and Perspectives in Management, Vol 19, Iss 4, Pp 301-310 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	causal analysis economic development GDP public administration state economic security Business HF5001-6182
spellingShingle	causal analysis economic development GDP public administration state economic security Business HF5001-6182 Volodymyr Orlov Alina Bukhtiarova Marcin Marczuk Mykhaylo Heyenko International economic and social determinants of the state economic security: A causal analysis
description	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. AcknowledgmentAlina Bukhtiarova gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine (0120U100473).
format	article
author	Volodymyr Orlov Alina Bukhtiarova Marcin Marczuk Mykhaylo Heyenko
author_facet	Volodymyr Orlov Alina Bukhtiarova Marcin Marczuk Mykhaylo Heyenko
author_sort	Volodymyr Orlov
title	International economic and social determinants of the state economic security: A causal analysis
title_short	International economic and social determinants of the state economic security: A causal analysis
title_full	International economic and social determinants of the state economic security: A causal analysis
title_fullStr	International economic and social determinants of the state economic security: A causal analysis
title_full_unstemmed	International economic and social determinants of the state economic security: A causal analysis
title_sort	international economic and social determinants of the state economic security: a causal analysis
publisher	LLC "CPC "Business Perspectives"
publishDate	2021
url	https://doaj.org/article/4323cae85cd84e6382d78a949177c163
work_keys_str_mv	AT volodymyrorlov internationaleconomicandsocialdeterminantsofthestateeconomicsecurityacausalanalysis AT alinabukhtiarova internationaleconomicandsocialdeterminantsofthestateeconomicsecurityacausalanalysis AT marcinmarczuk internationaleconomicandsocialdeterminantsofthestateeconomicsecurityacausalanalysis AT mykhayloheyenko internationaleconomicandsocialdeterminantsofthestateeconomicsecurityacausalanalysis
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International economic and social determinants of the state economic security: A causal analysis

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