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Trends of International Energy Security Risk Index in European Countries

Author

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  • Chernyak Oleksandr

    (Department of Economic Cybernetics, Taras Shevchenko National University of Kyiv, Vasilkivska 90-a, Kyiv 03022, Ukraine)

  • Kharlamova Ganna

    (Department of Economic Cybernetics, Taras Shevchenko National University of Kyiv, Vasilkivska 90-a Kyiv 03022, Ukraine)

  • Stavytskyy Andriy

    (Department of Economic Cybernetics, Taras Shevchenko National University of Kyiv, Vasilkivska 90-a Kyiv 03022, Ukraine)

Abstract

The paper deals with the analysis and forecasting of energy security risk index for eleven European countries (the United Kingdom, Denmark, Norway, France, Germany, Poland, Spain, Italy, Norway, the Netherlands, and Ukraine for the period 1992-2016). Nowadays, energy security plays an important role in guaranteeing the national, political and economic security of the country. A literature review of different approaches to defining energy security gave the possibility to consider the regression model of energy security risk index assessment, which takes into account the levels of economic, technical and technological, ecological, social and resource components. This step was proceeded with clusterization of the analysed countries in three groups according to Energy Security Risk Index. Based on this approach resource-mining countries (Denmark, Germany, Norway and the UK) were grouped in Cluster I, while Ukraine occupied the last Cluster III. The next division in five clusters supported the indicated allocation. Finally, we calculated the forecasts of energy security risk index based on data of 1992-2014. It allowed realizing the perspectives of energy market for the nearest future, particularly for Ukraine, which needs development of a new strategy of energy security

Suggested Citation

  • Chernyak Oleksandr & Kharlamova Ganna & Stavytskyy Andriy, 2018. "Trends of International Energy Security Risk Index in European Countries," TalTech Journal of European Studies, Sciendo, vol. 8(1), pages 5-32, June.
    • Handle: RePEc:vrs:bjeust:v:8:y:2018:i:1:p:5-32:n:2
    DOI: 10.1515/bjes-2018-0002
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    References listed on IDEAS

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    Cited by:

    1. Daniel Mara & Silviu Nate & Andriy Stavytskyy & Ganna Kharlamova, 2022. "The Place of Energy Security in the National Security Framework: An Assessment Approach," Energies, MDPI, vol. 15(2), pages 1-29, January.
    2. Silviu Nate & Yuriy Bilan & Mariia Kurylo & Olena Lyashenko & Piotr Napieralski & Ganna Kharlamova, 2021. "Mineral Policy within the Framework of Limited Critical Resources and a Green Energy Transition," Energies, MDPI, vol. 14(9), pages 1-32, May.
    3. Jacek Strojny & Anna Krakowiak-Bal & Jarosław Knaga & Piotr Kacorzyk, 2023. "Energy Security: A Conceptual Overview," Energies, MDPI, vol. 16(13), pages 1-35, June.
    4. Keypour Javad, 2019. "The Outcome of Directive 2009/73/EC Amendment on EU’s Natural Gas Security," TalTech Journal of European Studies, Sciendo, vol. 9(1), pages 77-98, June.
    5. Andriy Stavytskyy & Ganna Kharlamova & Olena Komendant & Jarosław Andrzejczak & Joanna Nakonieczny, 2021. "Methodology for Calculating the Energy Security Index of the State: Taking into Account Modern Megatrends," Energies, MDPI, vol. 14(12), pages 1-19, June.
    6. Paweł Ziemba & Aneta Becker & Jarosław Becker, 2021. "Forecasting and Assessment of the Energy Security Risk in Fuzzy Environment," Energies, MDPI, vol. 14(18), pages 1-20, September.

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