Econometric Estimation of the Impact of Integration of Education and Science on Sustainable Development (On the Example of CİS Countries, Ukraine and Georgia)

The paper discusses the impact of the integration of education and science on the sustainable development of the country on the example of CIS countries, Ukraine and Georgia. The human development index (HDI) was taken as an aggregate indicator of sustainable development, and the number of enrolled PhD-students and Doctor of Science (DSc) students in the country for the current year was taken as indicators of the integration of education and science. The impact of the explanatory factors enrolled PhD and DSс students on HDI is estimated using econometric models. Due to the lack or insufficient statistics for doctoral studies, trend models were built for some countries. The average growth rates of the HDI of the all mentioned countries are compared. The obtained results were analyzed and interpreted economically. The information base of the study was formed on the basis of data from official statistical sources of the respective countries and international organizations from 1996 to 2018