EMPIRICAL ASSESSMENT OF DEPENDENCIES OF INDICATORS OF ECONOMIC SECURITY COMPONENTS OF UKRAINE AND LUHANSK AND DONETSK REGIONS

Abstract

The article examines the indicators and characteristics of economic security of the Donetsk and Luhansk regions, impact of regional economies on the economic security of the state as a whole, monitoring of the volume of economic activity, replenishment of local budgets, social protection and security needs, problems of functioning of the financial system in general and the banking sector in particular. Centralized budget and financial support is studied for analytical evaluation of official indicators of local budgets of Donetsk and Luhansk regions. With the beginning of the armed conflict, the state of financial security of the Donetsk and Luhansk regions has objectively deteriorated. Significant were the tendencies to reduce the volume of economic activity and concession to local budgets, increase in expenditures for the needs of social protection and security, problems of functioning of the financial system in general and the banking sector in particular. Obviously, financial and commercial risks in the market of insurance, investment, capital, etc. have also aggravated. It is worth noting that the Donetsk region was characterized as industrial, as well as technologically innovative region for the independence of our country. Accordingly, we have every reason to believe that regarding armed aggression against Ukraine, the Russian Federation had its own hybrid goal not only to seize part of the country's territory and incite internal hostility, which practically made it impossible to achieve the European integration and Euro-Atlantic aspirations of the country, but also a critical weakening of the innovation and technological complexity of the competitiveness of the national economy. Comparative analysis of indicators of investment and innovation, foreign economic, energy, social, demographic, food, and economic security is carried out. Weight coefficients of indicators, subindexes of economic security are evaluated and the forces of communication between the components of economic security of Luhansk, Donetsk regions and Ukraine. Empirically assessed the dependence of Ukraine's economic security components on its components of Luhansk and Donetsk regions.