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Public Funding of Education in the Visegrad Group Countries in 2011–2021

Author

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  • Karwowska Justyna

    (Warsaw University of Technology, College of Economic and Social Sciences, Warsaw, POLAND)

Abstract

The purpose of the study is to identify the level of public spending on education in the Visegrad Group countries in 2011–2021. The source material was data from the European Statistical Office for Poland, the Czech Republic, Slovakia, and Hungary, collected in accordance with the International Classification of Government Functions (COFOG) based on the European System of National Accounts. As a result of the analysis, it was found that in the above-mentioned countries, in the perspective of 10 years, Poland was the country that allocated the most funds to education, which also translated into the average share of government and local government expenditure in percentage of gross domestic product (GDP) in 2011–2021. In the countries of the Visegrad Group, an increase in the level of public spending on education, expressed in million euros, was recorded. In relation to GDP in 2011 and 2021, a downward trend was observed only in Poland (by 0.6 p.p.). Poland is one of the few European Union countries where there was a significant reduction in spending on education. This is an unfavorable phenomenon, as investments in human capital testify to the competitiveness of the state.

Suggested Citation

  • Karwowska Justyna, 2023. "Public Funding of Education in the Visegrad Group Countries in 2011–2021," Foundations of Management, Sciendo, vol. 15(1), pages 225-238, January.
    • Handle: RePEc:vrs:founma:v:15:y:2023:i:1:p:225-238:n:14
    DOI: 10.2478/fman-2023-0016
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    References listed on IDEAS

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    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    2. Égert, Balázs & Botev, Jarmila & Turner, David, 2020. "The contribution of human capital and its policies to per capita income in Europe and the OECD," European Economic Review, Elsevier, vol. 129(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; public funding; human capital; Visegrad Group; expenses; competitiveness;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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