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

Author

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  • Muhammad Ikram

    (Al Akhawayn University in Ifrane)

  • Youssef Sayagh

    (Al Akhawayn University in Ifrane)

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.

Suggested Citation

  • Muhammad Ikram & Youssef Sayagh, 2023. "The Consequences of COVID-19 Disruption on Sustainable Economy in the Top 30 High-Tech Innovative Countries," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(2), pages 247-269, June.
    • Handle: RePEc:spr:gjofsm:v:24:y:2023:i:2:d:10.1007_s40171-023-00338-z
    DOI: 10.1007/s40171-023-00338-z
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    References listed on IDEAS

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    2. Sergey V. Ryazantsev & Mukhiddin B. Kalonov & Inna V. Andronova, 2024. "SAP-LAP Model of Change Management of Labour and Educational Migration for the Sustainable Development of the High-Tech Economy of Russia and Other CIS Countries," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 25(1), pages 49-59, September.
    3. Suharti Ishak & Mohd Rizaimy Shaharudin & Nor Azura Mohamed Salim & Amir Imran Zainoddin & Zichun Deng, 2023. "The Effect of Supply Chain Adaptive Strategies During the COVID-19 Pandemic on Firm Performance in Malaysia's Semiconductor Industries," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 439-458, September.
    4. Bhavya Sharma & Murari Lal Mittal & Gunjan Soni & Bharti Ramtiyal, 2023. "An Implementation Framework for Resiliency Assessment in a Supply Chain," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(4), pages 591-614, December.

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