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National Interests: Priorities and Security
 

Risks of the real economy in the context of regional economic security

Vol. 11, Iss. 20, MAY 2015

PDF  Article PDF Version

Available online: 7 June 2015

Subject Heading: ECONOMIC SECURITY

JEL Classification: 

Pages: 2-13

Sannikova I.N. Altai State University, Barnaul, Altai Krai, Russian Federation
sannikova00@mail.ru

Rudakova T.A. Altai State University, Barnaul, Altai Krai, Russian Federation
rta_62@mail.ru

Tatarnikova E.V. Altai State University, Barnaul, Altai Krai, Russian Federation
ell-tat@yandex.ru

Importance Economic security is a part of national security that implies managing the existing supranational threats and risks. Regional risks have close relation to those of entities of the real economy. Effective risk management requires knowledge of their nature and origination.
     Objectives The research aims at formulating a model for differentiating risks at the level of separate entities of the real economy and the region.
     Methods The research applies a systems approach in order to identify regional risks and risks of the real economy. Innovative susceptibility was compared with innovative capabilities through benchmarking.
     Results
The article presents the risk differentiation model at the level of separate entities and the region. As part of the model, we identify components of the risk of the region's balanced socio-economic development; specify the classification of risks of the real economy entities per result, cause and origin. We also provide methods for evaluating investment activities of the entity, innovative capabilities and propose criteria for innovative susceptibility evaluation, algorithm for assessing the innovative susceptibility indicator.
     Conclusions and Relevance Risks of the real economy are inherent to the region's socio-economic development risks, thus they become embedded in the general model of regional risks. It is necessary to devise a model for evaluating the correlation of its components and result of their interaction. Further researches should focus on the process of setting up the proposed model and evaluating its use in the region's socio-economic development planning.

Keywords: economic security, regional risk, real economy, risk

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