Abstract
Abstract In this article we examine the impact of international university rankings on their further development. The answers on questions about the influence of ratings indicators on higher educational institutions, as well as the effectiveness of universities financing in proportion to the position in the rating, were identified. The effectiveness of financial investments in universities when promoting one point in international rankings was calculated using an integrated assessment. Our hypothesis is that due to the achievement of target variables of the rating changes the universities structure: the effectiveness of scientific and innovation activity increases, which leads to an increase in the volume of income from this type of activity. From the point of view of scientific and practical importance, it is possible to group higher education institutions on the basis of the results obtained and allocate funds for them, which will allow achieving target indicators. Thus, this method allows you to evaluate the achievement of maximum results and optimize the funding flow.
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