Home  Journals  National Interests: Priorities and Security  9(462) - 2026 September

Account methodology of the economic security principle in the system of criteria for the economic systems effectiveness

Received: 27 April 2026

Accepted: 15 June 2026

Available online: 30 September 2026

Subject Heading: ECONOMIC POLICY OF THE STATE

JEL Classification: B5, С3, С5, F52

Pages: 73-94

https://doi.org/10.24891/hixffc

Subject. This article discusses the methodological approach to the economic security consideration in the system of criteria for the economic systems effectiveness.
Objectives. The study aims to develop and test the economic security index that allows quantifying key factors determining the sustainability of countries' economic systems.
Methods. For the study, we used theoretical analysis synthesis methods, empirical approbation, and the panel data methodology with fixed effects.
Results. The article reveals that countries with a high economic security index have higher growth rates and less exposure to external shocks.
Conclusions. Taking into account the important economic security factors makes it possible to expand the scope of traditional economic assessment models. Heterodox theories emphasize the importance of macroeconomic sustainability, structural diversification, and risk management. The proposed methodology can help analyze national economies, develop economic policy strategies, and assess the long-term economic systems effectiveness.

Keywords: economic security, economic security index, panel analysis, heterodox schools of economic theory, economic efficiency

References:

1. Abalkin L.I. [Russia's economic security: Threats and their reflection]. Voprosy ekonomiki, 1994, no. 12, pp. 4–16. (In Russ.) EDN: SJOVDJ
2. Senchagov V.K. [Economic security of Russia]. EKO, 2007, no. 5, pp. 1–21. (In Russ.) EDN: HZTISR
3. Acemoglu D., Robinson J.A. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York, Crown Business, 2012, 529 p. DOI: 10.30541/V51I3PP.276-278
4. Rodrik D. Populism and the economics of globalization. Journal of International Business Policy, 2018, no. 1, pp. 12–33. DOI: 10.1057/s42214-018-0001-4
5. Reinhart C.M., Rogoff K.S. This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press, 2009, 512 p. DOI: 10.1017/S1537592712003441
6. Buzan B. People, States and Fear: The National Security Problem in International Relations. Brighton, Wheatsheaf Books, 1983, 262 p. ISBN: 978-0-7108-0101-2
7. Briguglio L., Cordina G., Farrugia N. et al. Economic vulnerability and resilience: Concepts and measurements. Oxford Development Studies, 2009, no. 3, pp. 229–247. DOI: 10.1080/13600810903089893
8. Rose A. Defining and Measuring Economic Resilience to Disasters. Disaster Prevention and Management: An International Journal, 2004, no. 13, pp. 307–314. DOI: 10.1108/09653560410556528
9. Aghion P., Howitt P. Endogenous Growth Theory. Cambridge, MIT Press, 1998, 694 p. ISBN: 978-0-262-01166-2
10. Kornai J. The Socialist System: The Political Economy of Communism. Princeton, Princeton University Press, 1992, 644 p. ISBN: 978-0-691-00393-1
11. Acemoglu D., Gallego F.A., Robinson J.A. Institutions, human capital, and development. Annual Review of Economics, 2014, no. 6, pp. 875–912. DOI: 10.1146/annurev-economics-080213-041119
12. Aizenman J., Lee J. International reserves: precautionary versus mercantilist views, theory and evidence. Open Economies Review, 2007, no. 18, pp. 191–214. DOI: 10.1007/s11079-007-9030-z
13. Obstfeld M., Shambaugh J.C., Taylor A.M. Financial stability, the trilemma, and international reserves. American Economic Journal: Macroeconomics, 2010, no. 2, pp. 57–94. DOI: 10.1257/mac.2.2.57
14. Kose M.A., Prasad E.S., Rogoff K.S. et al. Financial globalization and economic policies. SSRN Electronic Journal, 2000, no. 2. DOI: 10.2139/SSRN.1392949
15. Lavoie M. Post-Keynesian Economics: New Foundations. Edward Elgar, 2014, 660 p. ISBN: 978-1-8472-0483-7
16. Folbre N. Who Pays for the Kids? Gender and the Structures of Constraint. New York, Routledge, 1994, 335 p. ISBN: 978-0-4150-7565-7
17. Nelson R.R., Winter S.G. An Evolutionary Theory of Economic Change. Cambridge, Harvard University Press, 1982, 437 p. ISBN: 0-674-27228-5
18. Boyer R. How and why capitalisms differ. Economy and Society, 2005, no. 34, pp. 509–557. DOI: 10.1080/03085140500277070
19. Daly H.E. Steady-State Economics. Washington, Island Press. 1991, 302 p. ISBN: 155963071X
20. Barro R.J. Government spending in a simple model of endogenous growth. Journal of Political Economy, 1990, vol. 98, iss. 5-2, pp. 103–125. DOI: 10.3386/w2588 EDN: HIWUUH
21. Frankel J.A. The natural resource curse: A survey. NBER Working Paper, 2010. DOI: 10.3386/w15836
22. Khan M.S., Senhadji A.S. Threshold effects in the relationship between inflation and growth. IMF Staff Papers, 2001, no. 48, pp. 1–21. DOI: 10.2307/4621658
23. Acemoglu D., Johnson S., Robinson J.A. The colonial origins of comparative development: An empirical investigation. American Economic Review, 2001, no. 91, pp. 1369–1401. DOI: 10.1257/aer.91.5.1369
24. Kaufmann D., Kraay A., Mastruzzi M. The worldwide governance indicators: Methodology and analytical issues. Hague Journal on the Rule of Law, 2011, no. 3, pp. 220–246. DOI: 10.1017/S1876404511200046

View all articles of issue

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

Journal current issue

ISSUE 9 SEPTEMBER 2026

Archive