+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

The index-based method for analyzing threats to the region's financial and economic security

Vol. 17, Iss. 4, APRIL 2021

Received: 25 February 2021

Received in revised form: 12 March 2021

Accepted: 26 March 2021

Available online: 15 April 2021

Subject Heading: ECONOMIC SECURITY

JEL Classification: O10, R11, R25, R50

Pages: 682–698

https://doi.org/10.24891/ni.17.4.682

Tat'yana N. ROGOVA Ulyanovsk State Technical University (USTU), Ulyanovsk, Russian Federation
t.rogova@ulstu.ru

ORCID id: not available

Subject. The article focuses on theoretical and practical aspects of economic security. The main hypothesis hereof is that the threat is a key component of the security system, requiring the use of effective methods to identify risks and threats and decide on appropriate measures to be taken for security.
Objectives. I test the index-based method to analyze and evaluate the financial and economic security in order to group regions of the Volga Federal District by difference.
Methods. I apply general theoretical and empirical-statistical methods, including the comparative approach.
Results. I evaluated the differentiation of financial and economic security across regions of the Volga Federal District through the index-based method. The general index is assessed by a set of partial indices of fiscal revenue per capita, Gross Regional Product per capita, investment in the capital stock per capital, the number of enterprises and organizations, percentage of unprofitable enterprises, value of fixed assets per capita. I measured the debt-to-EBIDTA ratio, and the sufficiency of the budget and budget performance of regions in the Volga Federal District. I found that the regions are different in terms of the socio-economic development and the way they use the resource endowment. I propose a conceptual mechanism for the region’s financial and economic security.
Conclusions and Relevance. The regions were found to be different, with five zones of the financial and economic security being aligned, i.e. the model, high, tolerable, critical and hazardous zones. The overwhelming majority of the regions was attributed to the critical and hazardous zones by the financial and economic security. Administrative practices should be fundamentally revised. Decision-makers shall use modern methods to govern the area in order to ensure the long-standing and sustainable economic development.

Keywords: region, financial and economic security, threat, index method

References:

  1. Ugrozy i zashchishchennost' ekonomiki Rossii: opyt otsenki: koll. monografiya [Threats and security of the Russian economy: The evaluation practice: a collective monograph]. Novosibirsk, Institute of Economics and Industrial Production SB RAS Publ., 2016, 280 p.
  2. Efimov V.V. Ekonomicheskaya bezopasnost' gosudarstva v usloviyakh globalizatsii: monografiya [Economic security of the State during the globalization: a monograph]. Moscow, Nauchnaya biblioteka Publ., 2014, 228 p.
  3. Kupreshchenko N.P. Teoretiko-metodologicheskie osnovy tenevoi ekonomiki pri obespechenii ekonomicheskoi bezopasnosti Rossii: monografiya [Theoretical and methodological principles of the informal economy when ensuring the economic security of Russia: a monograph]. Moscow, Dashkov i K Publ., 2019, 215 p.
  4. Demidova S.E., Balog M.M. [The analysis of the financial system development in the constituent entities of the Russian Federation in terms of financial security]. Vektor nauki TGU. Ser. Ekonomika i upravlenie = Vector of Science of TSU. Series Economics and Management, 2019, no. 3, pp. 23–32. (In Russ.) URL: Link
  5. Pechenskaya M.A. [On the issue of regional budget problems as threats to economic security]. Ekonomicheskaya bezopasnost' = Economic Security, 2019, vol. 2, no. 4, pp. 361–370. (In Russ.) URL: Link
  6. Silvestrov S.N., Bauer V.P., Eremin V.V. [Estimation of the dependence of the investment multiplier on the structure of the regional economy]. Ekonomika regiona = Economy of Region, 2018, vol. 14, iss. 4, pp. 1463–1476. (In Russ.) URL: Link
  7. Khanafeev F.F. [Application of tax administration in activities to ensure economic security of the region]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2019, no. 5-3, pp. 189–192. (In Russ.)
  8. Regional'naya bezopasnost': geopoliticheskie i geograficheskie aspekty (teoriya i praktika): koll. monografiya [Regional security: geopolitical and geographical aspects (theory and practice): a collective monograph]. Moscow, RANEPA Publ., 2006, 262 p.
  9. Zemskov V.V., Dadalko V.A., Starovoitov V.G. et al. Diagnostika i monitoring ekonomicheskoi bezopasnosti strany: monografiya [The assessment and monitoring of the national economic security: a monograph]. Moscow, Prometei Publ., 2020, 338 p.
  10. Chuvilova O.N., Romanyuta I.V. Metodika i otsenka geoekonomicheskoi bezopasnosti regionov [The methodology and evaluation of the geoeconomic security of regions]. Moscow, Nauchnaya biblioteka Publ., 2014, 162 p.
  11. Chichkanov V.P., Belyaevskaya-Plotnik L.A., Andreeva P.A. [Modeling the assessment of the impact of industry factors on the level of the territories' socio-economic development and economic security]. Ekonomika regiona = Economy of Region, 2020, vol. 16, iss. 1, pp. 1–13. (In Russ.) URL: Link
  12. Litvinenko A.N., Grachev A.V., Tarashnina S.I., Britvina I.I. [Estimation of the probability of growth for the threats of economic security based on classification functions]. Izvestiya Yugo-Zapadnogo gosudarstvennogo universiteta. Ser. Ekonomika. Sotsiologiya. Menedzhment = Proceedings of Southwest State University. Economics, Sociology and Management, 2019, vol. 9, no. 2, pp. 129–147. (In Russ.) URL: Link
  13. Lyubushin N.P., Kozlova E.E., Cherkasova O.G. [Economic analysis of region competitiveness using indicators of economic security]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, vol. 11, iss. 23, pp. 2–13. URL: Link (In Russ.)
  14. Mironova O.A., Yakovleva L.Ya. [Organizational and theoretical principles of economic security in the State-financed financial sector: The indicative method]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2018, no. 4, pp. 375–379. (In Russ.)
  15. Barsukova M.V. [Methodological aspects of managing financial risk and economic security in the region]. Vestnik Rossiiskogo universiteta kooperatsii = Bulletin of Russian University of Cooperation, 2019, no. 2, pp. 12–18. URL: Link (In Russ.)
  16. Skuf'ina T.P., Toropushina E.E., Baranov S.V. Sotsial'no-ekonomicheskoe razvitie Murmanskoi oblasti: dinamika, zakonomernosti, regulirovanie: monografiya [Socio-economic development of the Murmansk region: Dynamics, regularities, control: a monograph]. Apatity, KSC RAS Publ., 2017, 124 p.
  17. Frolov D.P., Strekalova A.S., Tazhibov A.A. [Heterodox theories of strategizing territory]. Zhurnal ekonomicheskoi teorii = Journal of Economic Theory, 2020, vol. 17, no. 1, pp. 65–78. (In Russ.) URL: Link
  18. Karanina E.V. [Diagnostics of indicators of financial security of the region]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2019, no. 5-2, pp. 127–133. (In Russ.)

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 3
March 2024

Archive