Analysis of the Efficiency of Latvia Research Institutions Public Spending

The purpose of this paper is to evaluate the existing research financing model in Latvia and its efficiency with respect to the quality of research activities. In this study the main quantitative and qualitative factors which may contribute to raise the efficiency level of public spending across research institutions are reviewed. The findings illustrate the necessary to increase the share of the quality criteria considering the level of funding in the research-financing model and to change the evaluation of the institutions’ research performance.