Abstract:
In this article, author analyzes the research and development (R&D) indicators of
Organization for Economic Co-operation and Development (OECD) member countries and the Republic
of Kazakhstan. R&D is the main driver of innovation, so R&D expenditure is a key indicators used
to monitor resources devoted to science and technology worldwide. This paper outlines topical issues
of foreign experience in financing research and development on the example of OECD countries. The
following tasks were set in this research: to do a comparative analysis of R&D financing in mentioned
countries and reveal the leading countries; identify a number of patterns inherent in OECD countries and
Kazakhstan in recent times. The study is based on statistical analysis of expenditures on R&D of countries
and its structures, such as total, government, high education, and business expenditures. In addition, author
use data from Global Innovation Index and ranking of top 100 innovative universities by Reuters. The
results suggest that countries that pay great attention to R&D financing are on leading positions in the
world, and these countries have formed the best innovative universities in the world that are engaged in
the latest developments and work at the forefront of science and technological progress, which stimulates
the economy to grow.
