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Trends of International Energy Security Risk Index in European Countries

Trends of International Energy Security Risk Index in European Countries AbstractThe 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 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Baltic Journal of European Studies de Gruyter

Trends of International Energy Security Risk Index in European Countries

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Publisher
de Gruyter
Copyright
© 2018 Oleksandr Chernyak, published by Sciendo
ISSN
2228-0596
eISSN
2228-0596
DOI
10.1515/bjes-2018-0002
Publisher site
See Article on Publisher Site

Abstract

AbstractThe 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

Journal

Baltic Journal of European Studies – de Gruyter

Published: Jun 1, 2018

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