IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxivy2017i1(610)p69-82.html
   My bibliography  Save this article

Economic structure of educational process and its implications for the higher education reform

Author

Listed:
  • Serguei MIKHAILITCHENKO

    (Holmes Institute, Brisbane, Australia)

Abstract

Playing a pivotal role in the development of the modern society, higher education industry has reached its capacity at least a decade ago and since then has lost its former characteristics of a public good. Funding challenges and non-consistency in quality of output dominate the modern discussion on tertiary education policies in search for the optimal way of reforming the sector. None of the policies so far had a close look at the operational structure of colleges and universities from the economic perspective, which by the author’s opinion is the reason behind the lack of progress in reforming the sector. This study presents a discussion on economic structure of different functions within the higher education process and suggests the levels of competition and regulation most appropriate for each of these functions. The proposed option for the higher education reform allows greatly reducing the costs of obtaining a post-secondary qualification, while simultaneously addressing the quality issues.

Suggested Citation

  • Serguei MIKHAILITCHENKO, 2017. "Economic structure of educational process and its implications for the higher education reform," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(610), S), pages 69-82, Spring.
    • Handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:69-82
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1246.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1246&rid=126
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jayme S. Lemke & William F. Shughart II, 2016. "Richard Vedder and the Future of Higher Education Reform," Cato Journal, Cato Journal, Cato Institute, vol. 36(1), pages 143-164, Winter.
    2. Stephan Thomsen & Friederike von Haaren-Giebel, 2016. "Did tuition fees in Germany constrain students’ budgets? New evidence from a natural experiment," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-25, December.
    3. Abhijit V. Banerjee & Esther Duflo, 2008. "What Is Middle Class about the Middle Classes around the World?," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 3-28, Spring.
    4. Bussolo, Maurizio & De Hoyos, Rafael E. & Medvedev, Denis & van der Mensbrugghe, Dominique, 2007. "Global growth and distribution : are China and India reshaping the world?," Policy Research Working Paper Series 4392, The World Bank.
    5. Jan R. Magnus & Victor M. Polterovich & Dmitri L. Danilov & Alexei V. Savvateev, 2002. "Tolerance of Cheating: An Analysis Across Countries," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(2), pages 125-135, June.
    6. Homi Kharas, 2010. "The Emerging Middle Class in Developing Countries," OECD Development Centre Working Papers 285, OECD Publishing.
    7. Keith Darden, 2008. "The Integrity of Corrupt States: Graft as an Informal State Institution," Politics & Society, , vol. 36(1), pages 35-59, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Serguei Mikhailitchenko, 2022. "Knowledge And Higher Education: Public/Private ‘Goods’ Divide," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 16(1), pages 8-15.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Serguei MIKHAILITCHENKO, 2017. "Economic structure of educational process and its implications for the higher education reform," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 69-82, Spring.
    2. Chun, Natalie & Hasan, Rana & Rahman, Muhammad Habibur & Ulubaşoğlu, Mehmet A., 2016. "The role of middle class in democratic diffusion," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 536-548.
    3. Oasis Kodila-Tedika & Simplice A. Asongu & Julio Mukendi Kayembe, 2016. "Middle Class in Africa: Determinants and Consequences," International Economic Journal, Taylor & Francis Journals, vol. 30(4), pages 527-549, October.
    4. Angel Melguizo, 2015. "Pensions, informality, and the emerging middle class," IZA World of Labor, Institute of Labor Economics (IZA), pages 169-169, July.
    5. Grohmann, Antonia, 2018. "Financial literacy and financial behavior: Evidence from the emerging Asian middle class," Pacific-Basin Finance Journal, Elsevier, vol. 48(C), pages 129-143.
    6. Berrou, Jean-Philippe & Clément, Matthieu & Combarnous, François & Darbon, Dominique & Fauré, Yves-André, 2020. "Anatomy of the Brazilian middle class: identification, behaviours and expectations," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    7. Vani S. Kulkarni, 2014. "Global middle class and dietary patterns: a sociological perspective," Chapters, in: Raghbendra Jha & Raghav Gaiha & Anil B. Deolalikar (ed.), Handbook on Food, chapter 20, pages 515-538, Edward Elgar Publishing.
    8. Simplice A. Asongu & Nicholas M. Odhiambo, 2021. "Income Levels, Governance and Inclusive Human Development in Sub-Saharan Africa," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(1), pages 71-103, February.
    9. Huynh, Phu. & Kapsos, Steven., 2013. "Economic class and labour market inclusion poor and middle class workers in developing Asia and the Pacific," ILO Working Papers 994822963402676, International Labour Organization.
    10. Matthieu Clément & Yves-André Fauré & Jean-Philippe Berrou & François Combarnous & Dominique Darbon & Éric Rougier, 2018. "Anatomie de la classe moyenne brésilienne : identification, caractérisation et implications pour les politiques publiques," Working Paper 920063e0-0208-4403-b9e7-b, Agence française de développement.
    11. Bourguignon, François & Bussolo, Maurizio, 2013. "Income Distribution in Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1383-1437, Elsevier.
    12. Bamiatzi, Vassiliki & Bozos, Konstantinos & Lambertides, Neophytos, 2016. "Mapping the trading behavior of the middle class in emerging markets: Evidence from the Istanbul Stock Exchange," International Business Review, Elsevier, vol. 25(3), pages 679-690.
    13. Sébastien CARRERE & Matthieu CLEMENT & François COMBARNOUS & Gabriel KESSLER & Eric ROUGIER & Ariel WILKIS, 2022. "The middle class in Argentina: dynamics, characteristics and implications for public policies," Working Paper 83de5468-cd86-4702-a4a8-6, Agence française de développement.
    14. repec:ilo:ilowps:485512 is not listed on IDEAS
    15. Vagisha Gunasekara, 2015. "Unpacking the Middle: A Class-based Analysis of the Labour Market in Sri Lanka," Southern Voice Occasional Paper 22, Southern Voice.
    16. Bussolo, Maurizio & Maliszewska, Maryla & Murard, Elie, 2014. "The long-awaited rise of the middle class in Latin America is finally happening," Policy Research Working Paper Series 6912, The World Bank.
    17. Vyacheslav Bobkov & Peter Herrmann & Igor Kolmakov & Yelena Odintsova, 2018. "Two-Criterion Model of the Russian Society Stratification by Income and Housing Security," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1061-1075.
    18. Handley, Antoinette, 2014. "Varieties of capitalists? The middle class, private sector and economic outcomes in Africa," WIDER Working Paper Series 101, World Institute for Development Economic Research (UNU-WIDER).
    19. François Combarnous & Jean-Philippe Berrou & Matthieu Clément & Dominique Darbon & Eric Rougier, 2019. "‘We Are the Middle Class’ The New Turkish Middle Class: Identification, Behaviors and Expectations," Post-Print halshs-02421481, HAL.
    20. Orlando Zambrano Roman, 2020. "An emerging but vulnerable middle class: a description of trends in Asia and the Pacific," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 27(1), pages 1-20, June.
    21. Antoinette Handley, 2014. "Varieties of Capitalists?: The Middle Class, Private Sector and Economic Outcomes in Africa," WIDER Working Paper Series wp-2014-101, World Institute for Development Economic Research (UNU-WIDER).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:69-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.