Abstract
The paper is devoted to the investigation of environmental, energy and economic security by multivariate analysis methods. A set of indicators selected for research conducting includes 9 parameters for each security type. Study sample is formed by data for 6 Eastern European countries (Ukraine, Moldova, Poland, Romania, Hungary and Slovak Republic) for the period 2000–2019. Empirical study was conducted by factor analysis, which allowed identifying the main components of environmental, energy and economic security. Comparison of the results obtained for the studied countries showed differentiation of individual profiles of such types of security. Investigation of integral vectors of environmental, energy and economic security showed the highest level of interaction between energy and environmental security and the lowest one between energy and economic security.
Highlights
Expansion of the concept of sustainability opened the prospect for improvement institutional and technological framework of national economy functioning
Taking into account some previous research in the field of environmental, economic and energy security, we have assumed that their evaluation should include a wide range of indicators
Study period includes 2000–2016 that allows estimating a general trend of environmental, energy and economic security across selected countries
Summary
Expansion of the concept of sustainability opened the prospect for improvement institutional and technological framework of national economy functioning. Nowadays environmental performance creates a background for the country’s competitiveness in conditions of effective environmental regulation [1,2,3] that leads to the transformation of the national economy system [4]. New concept of country’s policy leads to the appearance of the new instruments in the financial system, which are able to provide financial support for sustainability of economy [5]. Concept of sustainable development became crucial at the macro level and for corporate management [6, 7]. Its expansion on the country level forms a background for macroeconomic stability through national brand development [16]
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