Relationship between Economic Security and Country Risk Indicators in EU Baltic Sea Region Countries
Relationship between Economic Security and Country Risk Indicators in EU Baltic Sea Region Countries
Author(s): Tatjana Sviderskė, Algita Miečinskienė, Jelena StankevičienėSubject(s): Economy
Published by: Uniwersytet Ekonomiczny w Krakowie
Keywords: Economic security; globalization; EU Baltic Sea region; MULTIMOORA
Summary/Abstract: The globalization phenomenon raises new challenges in terms of country risk and economic security for small open economies. The objective of this paper is to evaluate the relationship between economic security and country risk indicators in EU Baltic Sea region countries. This paper, after surveying definitions and typologies of risks, proposes the analysis of the relationship between economic security and country risk in EU Baltic Sea region countries based on statistical data from 2012. The results were optimized by implementing MOORA (Multi-Objective Optimization by Ratio analysis) and MULTIMOORA (MOORA plus Full Multiplicative Form) methods.
Journal: Entrepreneurial Business and Economics Review
- Issue Year: 1/2013
- Issue No: 3
- Page Range: 21-34
- Page Count: 13
- Language: English