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Financial Ethics in the Usage of Public Funds. Evidence from the Romanian Higher Education

Author

Listed:
  • Cristina Drumea

    (“Transilvania†University of Brasov)

Abstract

There is always a battle of principles when discussing public sector funding, with a special focus on education. This particular field calls for attention as Governments tend to consider it strategic in their planning, however not always sufficiently funded, nor sufficiently scrutinized despite numerous control mechanisms. While this study focuses on the Romanian context, findings may indicate similar practices in other national systems. An investigation of the unusually high vacancy rates in Higher Education, combined with the cost per hour for teaching activities related to these vacancies reveals a combination of mixed competencies, at a diluted staffing cost, which produces differential outcomes in regard to quality standards. The teaching act suffers and negative consequences can already be foreseen. A replicated pattern, found in all census data provides evidence that practice is widely spread, raising ethical issues. After depicting the findings, the conclusion speculates on the broader outcomes.

Suggested Citation

  • Cristina Drumea, 2021. "Financial Ethics in the Usage of Public Funds. Evidence from the Romanian Higher Education," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 283-288, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:283-288
    as

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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%203/15.pdf
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    References listed on IDEAS

    as
    1. Orellana Mercy Raquel & Argudo Barrera Dalia Maritza & Răileanu Szeles Monica, 2016. "A Multilevel Analysis of the Returns to Education in Ecuador. The Multifaceted Impact of Human Capital," Scientific Annals of Economics and Business, Sciendo, vol. 63(s1), pages 1-19, December.
    2. Gabriel Bratucu & Alexandra Palade (Zamfirache) & Anca Madar & Nicoleta Andreea Neacsu, 2017. "Competition on the University Educational Services Market in Romania and the Protection of Students’ Rights and Interests," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 414-414, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    higher education; ethics; staffing cost;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education

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