Dependence of Research Productivity on Transaction Costs

  •  Evgeny Popov    
  •  Maxim Vlasov    


The present paper provides an empirical assessment for the dependence of academic organizations’ productivity
measured quantitatively on the transaction expenses on scientific activity. The establishment of a stable
institutional structure is shown to allow the transaction cost minimization, which in turn boosts the publication
activity and academic mobility of academic institutions when spent to promote scientific publications and
participation of young researchers in conferences.

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