Multimoora Analysis Of Regional Economic Security And Its Connection With Environmental Innovations

Monitoring regional economic security is required to implement national priorities and counter multiple threats and challenges. This monitoring is complicated by the need to develop an integral index based on multi-scale private indicators. This paper is to assess the economic security of the regions of the Russian Federation using MULTIMOORA method, examine the comparative advantages and disadvantages of the method. Based on data from the Russian Federal State Statistic Service, an analysis of the level of regional economic security has been conducted. Four groups of regions were picked out according to their economic security, factors that influenced the existing level of security were pointed out. The indicators of economic security characterize the demographic and financial situation in the region, the quality of life, investment activity, etc. The results are confirmed by comparison with the calculation of economic security rationing on the magnitude of the difference between the best and the worst values of indicators. On the basis of the correlation analysis, a conclusion about the current absence of the impact of environmental innovations of organizations on economic security was made. The greatest, albeit extremely weak link, is observed between economic security and the reduction of material costs for the production. The advantages and limitations of multipurpose optimization in comparison with the used methods of forming an integral index of economic security were identified. The findings are both theoretical value for further work on assessing the economic security, and practical: the developed method may be useful to federal and regional authorities.