An examination of the Economics of Security and its impacts on Economic Security; A Case study of low-income countries

An examination of the relationship between the economics of security and economic security reveals the close interrelation between these two concepts, as well as their mutual dependence on the costs involved in maintain economic security and economic risks that affect security in general. Economics of security is a more general concept than economic security and includes the relationships, institutions, and costs that affect the management of social and economic risks that affect security. The present study first starts with a review of concepts such as security, security economics and economic security, and subsequently examines some of the methods proposed for measuring these concepts, and the proxies often used for modeling these two concepts. Thereafter, the study examines some of the economic variables and components of economic security that affect the economic security. The results obtained indicate that the welfare index has a positive and significant effect on the economics of security, and that variables such foreign investment, household consumption and inflation have a negative and significant effect on this index.