IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2019i41p216-225.html
   My bibliography  Save this article

Financing of Education: Trend on Personalization

Author

Listed:
  • Abankina, I.

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

Abstract

This article analyzes the ratio of funding higher education in Russia and foreign countries. It is shown, that at a similar cost structure in Russia compared to other countries, and their monetary value is three times behind the level of the OECD countries. On the basis of generalization of foreign experience of reforms in the management of the financing of higher education research identified the major trends in the financing of Russian higher education: university leaders support concentration, reliance on public higher education financing as the main source, poor use of publicprivate partnership arrangements and income from funds of the trust capital. The focus of the article is on the transition to investment financing models of education transfer management of resources based on principles of personalization, including such tools as performance based contracts, competitive funds and vouchers, based on merit, human capital contracts, as well as individual educational accounts (lifelong learning accounts) as personal investment resource. It is these mechanisms that begin to play a key role in the resource development of education.

Suggested Citation

  • Abankina, I., 2019. "Financing of Education: Trend on Personalization," Journal of the New Economic Association, New Economic Association, vol. 41(1), pages 216-225.
  • Handle: RePEc:nea:journl:y:2019:i:41:p:216-225
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2019-41-216-225r.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Philippe Aghion & Mathias Dewatripont & Caroline Hoxby & Andreu Mas-Colell & André Sapir, 2010. "The governance and performance of universities: evidence from Europe and the US [Distance to frontier, selection, and economic growth]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 25(61), pages 7-59.
    2. 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.
    3. Balatsky, Ye., 2014. "Syndrome of Reforms' Arrhythmia in the Higher Education," Journal of the New Economic Association, New Economic Association, vol. 24(4), pages 111-140.
    4. Wolff, Edward N. & Baumol, William J. & Saini, Anne Noyes, 2014. "A comparative analysis of education costs and outcomes: The United States vs. other OECD countries," Economics of Education Review, Elsevier, vol. 39(C), pages 1-21.
    5. Bruckmeier, Kerstin & Wigger, Berthold U., 2014. "The effects of tuition fees on transition from high school to university in Germany," Economics of Education Review, Elsevier, vol. 41(C), pages 14-23.
    6. 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.
    Full references (including those not matched with items on IDEAS)

    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. 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.
    2. Bruckmeier Kerstin & Fischer Georg-Benedikt & Wigger Berthold U., 2015. "Studiengebühren in Deutschland: Lehren aus einem gescheiterten Experiment," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(3), pages 289-301, October.
    3. Emilie Dargaud & Frédéric Jouneau-Sion, 2019. "The good MOOC and the universities," Working Papers halshs-01996582, HAL.
    4. Carillo, Maria Rosaria & Papagni, Erasmo & Sapio, Alessandro, 2013. "Do collaborations enhance the high-quality output of scientific institutions? Evidence from the Italian Research Assessment Exercise," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 25-36.
    5. Vergolini, Loris & Zanini, Nadir, 2015. "Away, but not too far from home. The effects of financial aid on university enrolment decisions," Economics of Education Review, Elsevier, vol. 49(C), pages 91-109.
    6. Paula Prenzel & Simona Iammarino, 2018. "Ageing labour: How does demographic change affect regional human capital?," Papers in Evolutionary Economic Geography (PEEG) 1832, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2018.
    7. Jürgen Janger & Nicole Schmidt & Anna Strauss, 2019. "International Differences in Basic Research Grant Funding. A Systematic Comparison," WIFO Studies, WIFO, number 61664.
    8. Tommaso Agasisti & Giuseppe Munda, 2017. "Efficiency of investment in compulsory education: An Overview of Methodological Approaches," JRC Research Reports JRC106681, Joint Research Centre.
    9. Mario BENASSI & Matteo LANDONI & Francesco RENTOCCHINI, 2017. "University Management Practices and Academic Spin-offs," Departmental Working Papers 2017-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    10. Bietenbeck, Jan & Leibing, Andreas & Marcus, Jan & Weinhardt, Felix, 2023. "Tuition fees and educational attainment," European Economic Review, Elsevier, vol. 154(C).
    11. Bonaccorsi, Andrea & Haddawy, Peter & Cicero, Tindaro & Hassan, Saeed-Ul, 2017. "The solitude of stars. An analysis of the distributed excellence model of European universities," Journal of Informetrics, Elsevier, vol. 11(2), pages 435-454.
    12. 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.
    13. Tommaso Agasisti & Sabine Gralka, 2019. "The transient and persistent efficiency of Italian and German universities: a stochastic frontier analysis," Applied Economics, Taylor & Francis Journals, vol. 51(46), pages 5012-5030, October.
    14. Leporia, Benedetto & Geuna, Aldo & Mira, Antonietta, 2018. "Scientific Output of US and European Universities Scales Super-linearly with Resources," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201806, University of Turin.
    15. Banal-Estañol, Albert & Macho-Stadler, Inés & Pérez-Castrillo, David, 2019. "Evaluation in research funding agencies: Are structurally diverse teams biased against?," Research Policy, Elsevier, vol. 48(7), pages 1823-1840.
    16. Joanna Wolszczak-Derlacz, 2015. "Analysis of efficiency of European and American higher education institutions - nonparametric approach," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 40.
    17. Eric A. Hanushek & Ludger Woessmann, 2011. "How much do educational outcomes matter in OECD countries? [‘Accountability and flexibility in public schools: Evidence from Boston’s charters and pilots’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(67), pages 427-491.
    18. Hanushek, Eric A. & Link, Susanne & Woessmann, Ludger, 2013. "Does school autonomy make sense everywhere? Panel estimates from PISA," Journal of Development Economics, Elsevier, vol. 104(C), pages 212-232.
    19. Iwona Kowalska, 2016. "Sources Of Financing Knowledge-Based Economy: The Case Of Formal, Non-Formal And Informal Education In Poland," Oeconomia Copernicana, Institute of Economic Research, vol. 7(1), pages 75-90, March.
    20. Ralf Minor, 2023. "How tuition fees affected student enrollment at higher education institutions: the aftermath of a German quasi-experiment," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 57(1), pages 1-19, December.

    More about this item

    Keywords

    higher education financing; universities' fiscal policy; expenses on education; 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

    Statistics

    Access and download statistics

    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:nea:journl:y:2019:i:41:p:216-225. 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: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.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.