IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2022-05-33.html
   My bibliography  Save this article

Modeling and Governance of the Country s Energy Security: The Example of Ukraine

Author

Listed:
  • Alina Yakymchuk

    (National University of Water and Environmental Engineering, 11 Soborna St, 33028, Rivne, Ukraine,)

  • Oksana Kardash

    (National University of Water and Environmental Engineering, 11 Soborna St, 33028, Rivne, Ukraine,)

  • Nazariy Popadynets

    (Institute of Enterprise and Advanced Technologies Lviv Polytechnic National University, 18 Horbachevskoho Str, 79044, Lviv, Ukraine)

  • Valentyna Yakubiv

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine,)

  • Yuliia Maksymiv

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine,)

  • Iryna Hryhoruk

    (Vasyl Stefanyk Precarpathian National University, 57 Shevchenko Str., 76018, Ivano-Frankivsk, Ukraine)

  • Taras Kotsko

    (National Technical University of Ukraine Igor Sikorsky Kyiv Politechnic Institute, 37 Prosp. Peremohy, 03056, Kyiv, Ukraine)

Abstract

The research addresses the improvement of the methodology to evaluate the energy security through theoretical-methodological substantiation, development, and calculation of the integral index of its competitiveness for a country on the example of Ukraine. Establishing an efficient energy security (like a component of national security) system is a crucial issue in the current military-political situation in Ukraine. The global economic crisis and military aggression of the Russian Federation against Ukraine and the imposition of sanctions against it by European states have led to a deterioration in energy security of many energy-dependent EU countries. That is why the methodology of energy security calculations should be adapted to modern military-political instability conditions. The article aims to analyze active methods of state energy security in Ukraine and in the world. The authors methodology to calculate the integral index of energy security is suggested. Indicators of energy security include energy production, energy export, domestic consumption, capital investment in energy, etc. Every component of energy security will have factors of Russia s war influence, which anyway in conclusion will correlate with the integral index of energy security. Integral indicators of energy security maintenance on the example of Ukraine.

Suggested Citation

  • Alina Yakymchuk & Oksana Kardash & Nazariy Popadynets & Valentyna Yakubiv & Yuliia Maksymiv & Iryna Hryhoruk & Taras Kotsko, 2022. "Modeling and Governance of the Country s Energy Security: The Example of Ukraine," International Journal of Energy Economics and Policy, Econjournals, vol. 12(5), pages 280-286, September.
  • Handle: RePEc:eco:journ2:2022-05-33
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/13397/6926
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/13397
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Iryna Hryhoruk & Valentyna Yakubiv & Yurii Sydoryk & Yuliia Maksymiv & Nazariy Popadynets, 2021. "Modelling of Prognosis for Bioenergy Production in Ukraine," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 27-34.
    2. Miller, Edward M, 1977. "Risk, Uncertainty, and Divergence of Opinion," Journal of Finance, American Finance Association, vol. 32(4), pages 1151-1168, September.
    3. Yuliia Maksymiv & Valentyna Yakubiv & Nadia Pylypiv & Iryna Hryhoruk & Iryna Piatnychuk & Nazariy Popadynets, 2021. "Strategic Challenges for Sustainable Governance of the Bioeconomy: Preventing Conflict between SDGs," Sustainability, MDPI, vol. 13(15), pages 1-12, July.
    4. Benjamin K. Sovacool & Raphael J. Heffron & Darren McCauley & Andreas Goldthau, 2016. "Energy decisions reframed as justice and ethical concerns," Nature Energy, Nature, vol. 1(5), pages 1-6, May.
    5. Chester, Lynne, 2010. "Conceptualising energy security and making explicit its polysemic nature," Energy Policy, Elsevier, vol. 38(2), pages 887-895, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alina Yakymchuk & Nazariy Popadynets & Valentyna Yakubiv & Yuliia Maksymiv & Iryna Hryhoruk & Lubomyr Matiychuk & Pavlo Horyslavets, 2023. "Economic Aspects of Final Energy Consumption in Ukraine: Prospects of Implementation of the Positive Experience of the European Union," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 111-117, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elena Vechkinzova & Yelena Petrenko & Yana S. Matkovskaya & Gaukhar Koshebayeva, 2021. "The Dilemma of Long-Term Development of the Electric Power Industry in Kazakhstan," Energies, MDPI, vol. 14(9), pages 1-21, April.
    2. Habib, Michel A. & Johnsen, D. Bruce & Naik, Narayan Y., 1997. "Spinoffs and Information," Journal of Financial Intermediation, Elsevier, vol. 6(2), pages 153-176, April.
    3. Wang, Peipei & Wen, Yuanji & Singh, Harminder, 2017. "The high-volume return premium: Does it exist in the Chinese stock market?," Pacific-Basin Finance Journal, Elsevier, vol. 46(PB), pages 323-336.
    4. Dash, Saumya Ranjan & Maitra, Debasish, 2018. "Does sentiment matter for stock returns? Evidence from Indian stock market using wavelet approach," Finance Research Letters, Elsevier, vol. 26(C), pages 32-39.
    5. Gupta, Kuhika & Nowlin, Matthew C. & Ripberger, Joseph T. & Jenkins-Smith, Hank C. & Silva, Carol L., 2019. "Tracking the nuclear ‘mood’ in the United States: Introducing a long term measure of public opinion about nuclear energy using aggregate survey data," Energy Policy, Elsevier, vol. 133(C).
    6. Constantinos Antoniou & John A. Doukas & Avanidhar Subrahmanyam, 2016. "Investor Sentiment, Beta, and the Cost of Equity Capital," Management Science, INFORMS, vol. 62(2), pages 347-367, February.
    7. Ang, B.W. & Choong, W.L. & Ng, T.S., 2015. "A framework for evaluating Singapore’s energy security," Applied Energy, Elsevier, vol. 148(C), pages 314-325.
    8. Turki Rashed Alshammari & Jean-Noël Ory, 2023. "The Impact of Religious Announcements on Stock Prices and Investment Decisions on the Saudi Stock Exchange," Post-Print hal-04105704, HAL.
    9. Nathalie Spittler & Ganna Gladkykh & Arnaud Diemer & Brynhildur Davidsdottir, 2019. "Understanding the Current Energy Paradigm and Energy System Models for More Sustainable Energy System Development," Post-Print hal-02127724, HAL.
    10. Nyga-Łukaszewska Honorata & Napiórkowski Tomasz M., 2023. "Energy security as a source of international competitiveness in new EU member states," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 59(3), pages 209-224, September.
    11. Hogan, Jessica L. & Warren, Charles R. & Simpson, Michael & McCauley, Darren, 2022. "What makes local energy projects acceptable? Probing the connection between ownership structures and community acceptance," Energy Policy, Elsevier, vol. 171(C).
    12. Saki Bigio & Eduardo Zilberman, 2020. "Speculation-Driven Business Cycles," Working Papers Central Bank of Chile 865, Central Bank of Chile.
    13. Wan, Qilong & Qian, Jine & Baghirli, Araz & Aghayev, Aligul, 2022. "Green finance and carbon reduction: Implications for green recovery," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 901-913.
    14. Marc Vorsatz & Helena Veiga, 2008. "The Effect of Short–Selling on the Aggregation of Information in an Experimental Asset Market," Working Papers 2008-26, FEDEA.
    15. Zhong, Angel, 2018. "Idiosyncratic volatility in the Australian equity market," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 105-125.
    16. Pin Li & Jinsuo Zhang, 2019. "Is China’s Energy Supply Sustainable? New Research Model Based on the Exponential Smoothing and GM(1,1) Methods," Energies, MDPI, vol. 12(2), pages 1-30, January.
    17. Stijn Claessens & M. Ayhan Kose, 2013. "Financial Crises: Explanations, Types and Implications," CAMA Working Papers 2013-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    18. Jörg Bibow & Paul Lewis & Jochen Runde, 2005. "Uncertainty, Conventional Behavior, and Economic Sociology," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(2), pages 507-532, April.
    19. Ehling, Paul & Gallmeyer, Michael & Heyerdahl-Larsen, Christian & Illeditsch, Philipp, 2018. "Disagreement about inflation and the yield curve," Journal of Financial Economics, Elsevier, vol. 127(3), pages 459-484.
    20. Amelia Pais & Philip A. Stork, 2013. "Short-Selling, Leverage and Systemic Risk," Tinbergen Institute Discussion Papers 13-186/IV/DSF68, Tinbergen Institute.

    More about this item

    Keywords

    energy security; integral index; competitiveness; public policy and governance; modeling;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2022-05-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.