@article{matyushenko2021approach,
  title = {Approach to Determining the Science and Innovation Funding Impact on the Socio-Economic Development of the EU Countries and Ukraine},
  author = {Ihor MATYUSHENKO and Valery REZNIKOV and OLGA TOFANIUK and ALONA ZINCHUK},
  year = 2021,
  url = {https://ibimapublishing.com/p-articles/38ECO2/2021/3884821/},
  journal = {Communications of International Proceedings},
  volume = 2021 (40),
  abstract = {The study reveals the approach to determining the impact of funding of science and innovation on the socio-economic development of the EU countries and Ukraine. The paper uses the Cobb-Douglas production function for analysis. The given factor model reveals the dependence of GDP on Government budget allocations for R&D and Global Innovation Index. The models also analyze the impact of each of the GII sub-indices on the socio-economic development of countries. The calculations were carried out for 28 EU countries and Ukraine for 2014-2020.},
  keywords = {Gross domestic product (GDP), Global Innovation Index (GII), Sub-index, Government budget allocations for research and development (R&D)},
  note = Article ID: 3884821
}