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Financing Higher Education Establishments’ R&D: Issues of Efficiency

Alexey A. Kovalenko – Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Anna O. Polushkina – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Elena A. Polushkina – Deputy Director of Center of the Economics for Continuing Education of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In recent years, higher education establishments (HEE) have been set the goal to facilitate jointly with scientific institutions a technological breakthrough and prepare a modern human resource base for the economy and social services. The government allocates substantial budget funds to support R&D carried out by HEE. However, the share of R&D funding in Russia is still insignificant and amounts on average to the mere 12% of HEE’s overall revenues.

Key words: higher educational institutions, academic science, research institutes, scientific research, R&D.

JEL-codes: I23, I25, H52, O32.