| | PROBLEMS OF MODERN ECONOMICS, N 2 (74), 2020 | | ECONOMIC GLOBALIZATION AND ISSUES OF NATIONAL AND INTERNATIONAL SECURITY | | Didenko N. I. Higher School of Management and Business, Peter the Great St. Petersburg Polytechnic University, PhD (Economics), Professor Konakhina N. A. Assistant Professor, Higher School of Management and Business, Peter the Great St. Petersburg Polytechnic University, PhD (Economics)
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| The authors attempt to construct a model showing the impact of globalization processes upon the development of Arctic space of circumpolar countries. Methodology of model development includes formulation of the research aim, defining the choice of endogenous and exogenous variables, and the construction of the model itself. The dynamic econometric model, described in the article, consists of eight equations, each of which presents an ADL-model that takes into account the factor of time. The authors intend to use the results of the analysis in their further research aiming at developing forecasts and designing the concept of development with regard to the Arctic space of circumpolar countries. | Key words: Arctic, globalization processes, circumpolar countries, sustainable development, endogenous variables, exogenous variables, ADL-model | Pages: 105 - 107 |
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