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Global Journal of Flexible Systems Management

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03-04-2023 | ORIGINAL RESEARCH

The Consequences of COVID-19 Disruption on Sustainable Economy in the Top 30 High-Tech Innovative Countries

Authors: Muhammad Ikram, Youssef Sayagh

Published in: Global Journal of Flexible Systems Management | Issue 2/2023

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Abstract

This study aims to investigate the effects of the COVID-19 pandemic on the innovation index, Gross Domestic Product (GDP), high technology exports, and human development (HDI) in the world's leading 30 high-tech innovative countries. Using grey relational analysis models, the association between COVID-19 and other economic development indices was investigated. The model selects the country least affected by the pandemic from the top 30 innovative countries through a conservative (maximin) method based on grey association values. Data was collected from World Bank databases and analyzed to compare pre- and post-COVID-19 periods (2019, 2020). The outcomes of this study provide essential recommendations for industries and decision-makers with suitable action plans to preserve economic systems from further harm caused by the global COVID-19 outbreak. The ultimate goal is to boost the innovation index, GDP, high-tech exports, and HDI of high-tech economies and pave the way for a sustainable economy. To the author's knowledge, this is the first study to develop a multidimensional framework to assess COVID-19's impact on the sustainable economy of top 30 high-tech innovative countries, and to conduct a comparative analysis to identify the strong and weak effects of COVID-19 on sustainable economic growth.

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Title: The Consequences of COVID-19 Disruption on Sustainable Economy in the Top 30 High-Tech Innovative Countries
Authors: Muhammad Ikram
Youssef Sayagh
Publication date: 03-04-2023
Publisher: Springer India
Published in: Global Journal of Flexible Systems Management / Issue 2/2023
Print ISSN: 0972-2696
Electronic ISSN: 0974-0198
DOI: https://doi.org/10.1007/s40171-023-00338-z

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