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State Policy of Higher Education Sector Financing under the Budgetary Constraints

Author

Listed:
  • Abankina, I.

    (National Research University Higher School of Economics, Institute of Education, Moscow, Russia)

  • Filatova, L.

    (National Research University Higher School of Economics, Institute of Education, Moscow, Russia)

  • Vynaryk, V.

    (National Research University Higher School of Economics, Institute of Education, Moscow, Russia)

Abstract

The article describes the changing portrait of Russian higher education institutions compared to other countries. It is shown that the proportion of the funds allocated for the levels of higher education is similar to the structure of expenditure in other countries, however, its absolute values are three times behind the level of the OECD countries. Summarizing the international practice of higher education funding reforms, the authors analyze two aspects of the Russian higher education institutions' reaction to the budgetary constraints: diversification of income sources and changes in the cost structure. The paper reveals major trends in the financing of the Russian higher education: concentration on leading universities support, reliance on public funding as the main source of higher education funding, low use of public-private partnership mechanisms and income from endowment funds. The paper gives the assessment of these trends impact on the universities' economic position.

Suggested Citation

  • Abankina, I. & Filatova, L. & Vynaryk, V., 2016. "State Policy of Higher Education Sector Financing under the Budgetary Constraints," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 111-143.
    • Handle: RePEc:nea:journl:y:2016:i:31:p:111-143
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    References listed on IDEAS

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    4. Abbott, M. & Doucouliagos, C., 2003. "The efficiency of Australian universities: a data envelopment analysis," Economics of Education Review, Elsevier, vol. 22(1), pages 89-97, February.
    5. Irina Abankina & Tatyana Abankina & Ludmila Filatova & Elena Nikolayenko, 2012. "Changing Trends in Public Demand for Higher Education in Today's Russia," Voprosy obrazovaniya / Educational Studies Moscow, National Research University Higher School of Economics, issue 3, pages 88-112.
    6. Johnstone, D. Bruce, 2004. "The economics and politics of cost sharing in higher education: comparative perspectives," Economics of Education Review, Elsevier, vol. 23(4), pages 403-410, August.
    7. Douglass, John A, 2012. "MONEY, POLITICS AND THE RISE OF FOR-PROFIT HIGHER EDUCATION IN THE US: A Story of Supply, Demand and the Brazilian Effect," University of California at Berkeley, Center for Studies in Higher Education qt9br5c60z, Center for Studies in Higher Education, UC Berkeley.
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    Cited by:

    1. Abankina, I., 2019. "Financing of Education: Trend on Personalization," Journal of the New Economic Association, New Economic Association, vol. 41(1), pages 216-225.

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    More about this item

    Keywords

    higher education financing; universities' fiscal policy; expenses on education; subsidy for state task; financial restrictions; income diversification;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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