Economic growth and national security: Patterns of European countries’ resistance to global turbulences

Abstract

Macroeconomic stability and national security are core measurement indicators of country performance. Historical, economic, social and other prerequisites contribute to the formation of country-specific patterns of these performance indicators resistance to global turbulences such as COVID-19 pandemic. Pandemic proved that considering of public health issues in promoting economic prosperity, social welfare and environmental security is crucially important. The aim of the research is to identify country-specific (for 34 European countries) patterns of socio-economic (internal) and public health (external) drivers and inhibitors of ensuring economic growth, macroeconomic stability and national security resistance to global turbulences similar to COVID-19 pandemic. Realization of the research objectives involves the implementation of the following stages: 1) identification of the general and country-specific the most influential internal impetus indicators fostering volatility socio-economic development and national security based on multivariate analysis; 2) formation of general and country-specific matrix of influential determinants of ensuring macroeconomic stability and national security resistance to global turbulences similar to COVID-19 pandemic; 3) formalization general and country-specific external drivers and inhibitors of macroeconomic stability and national security volatility within public health determinants. The study is carried out on a sample of 34 European countries for 2000-2022.