Internationalization Strategy of Innopolis University

Kotorov, Iouri; Krasylnykova, Yuliya; Zhdanov, Petr; Mazzara, Manuel

doi:10.1007/978-3-030-57663-9_21

Cited by 5 publications

(1 citation statement)

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“…In addition, the pandemic has highlighted the importance of digital technologies and has led to increased investment in areas such as e-commerce, remote work and online education (Kloos et al, 2021). It also illustrates the importance of cooperation with higher education institutions, which continue to play a vital role in research activities in the EU countries and contribute to the development of new knowledge and technologies, the growth of industries and the training of highly qualified personnel (Kotorov et al, 2020). Such close cooperation between higher education institutions, businesses and other stakeholders is essential for the successful implementation of research and development and for the further growth and development of the EU economy, whether we are in forced lockdown or not (Kotorov et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

The Effect of the Covid-19 Pandemic on Economic Growth and R&D Spending in the EU Countries

Kotorov,

Krasylnykova,

Demel

et al. 2023

Liberec Economic Forum 2023

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The article deals with the issue of economic growth and R&D spending in the EU-27 countries during the Covid-19 pandemic. Using time series analysis, the article examines whether the pandemic and the associated restrictive measures and bailout packages have impacted economic growth and R&D funding. To answer this research question, the development of GDP and GERD Eurostat data was taken, and the period of 2011–2021 was analysed. Besides the development of the monitored indicators (GDP, GERD, GERD as a percentage of GDP), the chain index was constructed to compare year-on-year changes and to analyse the growth rate of the indicators further. The research shows that Covid-19 impacted GDP as well as the field of R&D. Talking in absolute numbers, the impact of the pandemic can be seen in the decrease of both GDP and GERD in 2020. However, since the GDP of the EU-27 countries decrease reached 4 % in 2020 while GERD only reduced by 1 % in the same year, the overall effect on the R&D intensity was positive. However, while the GDP and GERD resumed their growth in 2021 – annual change of 8 % (GDP) and 6 % (GERD) – R&D intensity declined by 2 % compared to 2020. This decline was caused by a more significant growth of GDP than GERD in the same year. However, based on the analysis performed, it can be concluded that the impact of the Covid-19 pandemic on GDP and GERD of the EU-27 countries was neither significant nor had a long-term nature.

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Section: Discussionmentioning

confidence: 99%