Scientific Papers

JOURNAL OF INTERNATIONAL STUDIES


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ISSN: 2306-3483 (Online), 2071-8330 (Print)

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Models for assessing crisis dynamics in disparities of Ukraine’s regional economy to ensure the economic security of regions

Vol. 16, No 1, 2023

 

Olga Shevchenko

 

Department of Regional Studies and Tourism, Kyiv National Economic University named after Vadym Hetman,

Ukraine

kre_shevchenko.olga@kneu.edu.ua 

ORCID 0000-0003-0386-7550


Models for assessing crisis dynamics in disparities of Ukraine’s regional economy to ensure the economic security of regions

Zakharii Varnalii

 

Department of Finance, Taras Shevchenko National University of Kyiv,

Ukraine

vzs1955@gmail.com 

ORCID 0000-0002-6654-8760


Ganna Kharlamova

 

Department of International Relations, Political Science and Security Studies, Lucian Blaga University of Sibiu, Romania

Department of Economic Cybernetics, Taras Shevchenko National University of Kyiv, Ukraine

ganna.kharlamova@knu.ua 

ORCID 0000-0003-3614-712X


Nataliia Kuzmynchuk

 

Department of Marketing, Management and Entrepreneurship V. N. Karazin Kharkiv National University,

Ukraine

nkuzminchuk@ukr.net 

ORCID 0000-0002-9844-3429

 

 

 

Abstract. The increase in the unevenness of indicators of regional socio-economic development in Ukraine is causing changes in regional economic security, in addition to the deterioration of national welfare. Therefore, there is a need to develop new theoretical and practical approaches for assessing such disparities and forecasting their dynamics. In this article, a toolkit for modelling crises and catastrophes in disparities of regional development is presented, using the example of Ukraine. The purpose of this study is to create models that assess the crisis dynamics in regional disparities in Ukraine, in order to develop tools for ensuring economic security in the region. To achieve this purpose, the following tasks have been identified: to evaluate convergent-divergent processes and the long-term interaction of regional disparity indicators; to simulate possible crises and catastrophes in various spheres of socio-economic development of regions according to the levels of their disparities; and to demonstrate the mutual dependence between disparities of the regions and levels of their economic security. The result of the crisis dynamic assessment is a set of predictive models of possible catastrophes that may occur in Ukraine's regions. This allows for obtaining reliable results for the qualitative analysis of stability factors of disparities in the socio-economic system, accounting for different time intervals that determine the peculiarities of the country's development. The array of constructed models is an effective tool for researching crisis processes in the dynamics of disparity indicators, as they allow for identifying and more thoroughly investigating non-linear cyclical processes in regional economic development, as well as predicting changes in levels of economic security. Such a toolkit allows for the development of a strategy for balanced regional and country development, and for ensuring regional economic security.

 

Received: April, 2022

1st Revision: February, 2023

Accepted: March, 2023

 

DOI: 10.14254/2071-8330.2023/16-1/12

 

JEL ClassificationR12, R58, C51, С13, H12, O18

Keywordsregional economy, regional economic security, econometric modelling, catastrophes and bifurcations theory, dynamics of regional disparities, regulation of regional development