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Olena Hrechyshkina and Maryia Samakhavets

1041 – 1105 https://doi.org/10.1016/S1573-4404(85)02011-1 Helpman, E. and Krugman, P. (1985). Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy. Cambridge: MIT Press. Helpman E. Krugman P. 1985 Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy Cambridge MIT Press Hrechyshkina, O. and Samakhavets, M. (2018). Importance of Foreign Direct Investment in Financing for Innovative Development of the Republic of Belarus. Marketing and

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Renata Valerievna Oplakanskaia, Lyudmila Alekseevna Osmuk, Anastasia Pogorelskaya and Inna Pomorina

provide the right conditions for developing such interactions. Tomsk and Novosibirsk are the only university cities in Russia behind the Urals that were included in the 2018 QS Best Student Cities Ranking. The cities strive for high positions in world rankings but face certain difficulties in entering into cooperation with local authorities and business and, therefore, are looking for foreign success stories they can emulate. Additionally, these university towns are provincial ones, but their universities have good reputations and strive for worldwide competitiveness

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Temidayo Gabriel Apata

positively to economic growth, through multiplier effects on aggregate demand. But government consumption may crowd out private investment, dampen economic stimulus in the short run and reduce capital accumulation in the long run ( Coady and Fan, 2008 ). Economy theory of public expenditures is classified into two: productive if they are included as arguments in private production functions, and unproductive if they are not ( Barro and Sala-I-Martin, 1992 ). This categorisation implies that productive expenditures have a direct effect upon the rate of economic growth