This research studies the short-term effects of the Russian Excellence Initiative Project 5to100 on participating universities. To trace the effect, we develop a quasi-experimental econometric methodology. A control group of universities comparable to the Project 5to100 universities at the...

In most countries which experience structural transformation of their higher education system, a crucial goal of policy makers is to tie the amount of university public funding to their performance. This research analyzes the Russian performance-based funding (PBF) reform to provide a...