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Planning of the Research Costs: the Project-based Approach

Author

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  • Olesya A. Feoktistova

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

This article is devoted to the problems of the improvement of the research quality and the efficiency of planning of government expenditures on research. The paper analyses the foreign and Russian practices of planning of expenditures on research and considers the development perspectives of competitive mechanisms of the expenditure planning in Russia. The author makes conclusions, that the implementation necessity of the project-based approach and competitive principles in research project expenditure planning are needed regardless of the research funding mechanism.

Suggested Citation

  • Olesya A. Feoktistova, 2014. "Planning of the Research Costs: the Project-based Approach," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 69-80, March.
    • Handle: RePEc:fru:finjrn:140108:p:69-80
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    More about this item

    Keywords

    science and technology government policy; research work; scientific organization; financial support for research activities; economic feasibility;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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