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The reform of education funding: principles, options, modalities

Author

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  • Manolescu, Gheorghe

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

Driver education is a social determinant of human development, of spiritual evolution, directly influencing all social fields, particularly economy, and in this respect, targeting resources, especially financial, to support a quality education, values and competence is a goal, a requirement and an undeniable necessity. Communication that presents seeks to highlight economic dimensions of education, to problematizeze current funding of education and to formulate guidelines and some aspects of education funding reform, presenting several possible alternatives for financing education through a combination of various sources of funding: government, private and community (local) budget, banking and capital markets, domestic and international. Finally, it exposed a scheme of financing on educational levels, taking into account the nature of education, income and the cost of education, ability to finance the two sectors of the economy: public and private.

Suggested Citation

  • Manolescu, Gheorghe, 2009. "The reform of education funding: principles, options, modalities," Papers 2009/17, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_017
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    More about this item

    Keywords

    educational equity; education economics; private funding; public funding; level of education; education loan market.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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