THE OPTIMIZATION OF GOVERNMENT'S SPENDING ON RESEARCH AND DEVELOPMENT IN THE ENTREPRENEURIAL SECTOR OF SCIENCE

A. M. Khamatkanova ()

Economics of Science, 2016, vol. 1, issue 4

Abstract: The article suggests that it is critical to optimise the State's expenses on research and development (R&D). The authors suggest that one of the key instruments for increasing efficiency in spending of government's resources on R&D sector would be to introduce new models of financing projects from the entrepreneurial sector of science. This sector uses the largest gross expenditures on R&D (60%) and more than half of State resources. According to international practice it is evident that the entrepreneurial sector of science is precisely the one that should take the lead in moving R&D towards new technological milestones. However, a relative analysis of State and entrepreneurial sectors of Russian science has shown that the industrial sector, having spent 60% of National resources on R&D and owing 47% of total scientific personnel, has yet not contributed to re-industrialisation of domestic industry.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:abz:journl:y:2016:id:34

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