Sergey Lyeonov

Department of Applied Social Sciences, Silesian University of Technology, Poland;

Economic Cybernetics Department, Sumy State University, Ukraine

Sergey.Lyeonov@polsl.pl

ORCID 0000-0001-5639-3008

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

 Alina Vysochyna

Department of Accounting and Taxation, Sumy State University,

Ukraine

a.vysochyna@uabs.sumdu.edu.ua

ORCID 0000-0001-9490-1026

Liliana Śmiech

Krakow University of Economics,

Kraków, Poland

smiechl@uek.krakow.pl 

ORCID 0009-0004-6223-1047

Marcin Rabe

Institute Management, 

University of Szczecin, Szczecin, Poland

marcin.rabe@wzieu.pl

ORCID 0000-0002-4817-1971

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.

Received: October, 2023

1st Revision: July, 2024

Accepted: September, 2024

DOI: 10.14254/2071-8330.2024/17-3/10

JEL Classification: C23, E60, F52, I18

Keywords: macroeconomic stability, economic growth, national security, coronavirus disease, COVID-19, global turbulence, European countries