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The evaluation of economic, environmental and energy security: composite approach

Grzegorz Mentel, Tetiana Vasilyeva, Yaryna Samusevych, Alina Vysochyna, Rolf Karbach, Justas Štreimikis

2020International Journal of Global Environmental Issues32 citationsDOI

Abstract

It is determined that economic, energy and environmental security indicators are characterised by the presence of systemic interconnections. The results of the evaluation show, that environmental and energy security are more closely related than environmental and economic or energy and economic types of security. The integral index of environmental-energy-economic security was constructed and assessed taking into account the linkage of individual indicators. Sample of individual indicators is presented by 27 parameters (nine indictors for each security type, divided into groups), which are normalised. The internal consistence of indicators describing each type of security is evaluated by Cronbach coefficient alpha. Integral index considers interrelationships between individual indicators estimated as level and direction of pair correlation. The values of this index show that during 2000-2016, Slovak Republic demonstrated the highest level of such comprehensive security, while Poland - the lowest one.

Topics & Concepts

Environmental securityEnergy securityCronbach's alphaIndex (typography)Economic securityComposite indexSample (material)Environmental economicsEconometricsMathematicsEconomicsComputer scienceStatisticsComposite indicatorEconomic growthPolitical scienceEngineeringRenewable energyChemistryLawWorld Wide WebChromatographyElectrical engineeringDescriptive statisticsBusiness and Economic DevelopmentEconomic and Business Development StrategiesSocio-economic Development and Sustainability