Economic Security of Poland

Taksás, Balázs and Waszkiewicz, Grzegorz and Gontarczyk, Mariusz and Zelkowski, Jarosław (2024) Economic Security of Poland. PÉNZÜGYI SZEMLE/PUBLIC FINANCE QUARTERLY (1963-), 70 (4). pp. 117-141. ISSN 0031-496X

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Abstract

The aim of this research is to create a relatively easy-to-apply, yet complex and complete model for measuring levels of economic security, one that incorporates risks in supply, finance, labor market, technology, sales, economic policy, and mobilization, thus comprehensively evaluating the economic security situation of a country and the danger of risk activation. The development of this conceptual model and the risk groupings was based on several historical and contemporary economic dysfunction and crisis studies (approximately one hundred). The applied methodology takes into account the different risk-averse or risk-tolerant preferences of various societies. It also considers the effect of economic cycles on economic indicators. Meanwhile, simple mathematical calculations ensure ease of application, making it readily adaptable not only for academics and researchers, but also for any governmental entity, or non-governmental organization. With the help of this model and thirteen selected indicators, we subjected Poland’s economic security situation for the period 2010-2019 to comprehensive analysis. We then drew conclusions on how the level of risk in different subsystems changed during this relatively calm period.

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