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Approaches to results-based funding in tertiary education : identifying finance reform options for Chile

Author

Listed:
  • Thorn, Kristian
  • Holm-Nielsen, Lauritz
  • Jeppesen, Jette Samuel

Abstract

Unrealized potential exists for increasing accountability and transparency in Chilean tertiary education by allocating resources based on achieved results rather than historical precedence and political negotiation. Against this background, the authors profile approaches to results-based funding of tertiary education to identify efficacious finance reform options for Chile. International experience shows that financing by results is not a ready-made concept, but a broad label that offers a menu of design options. To decipher results-based funding, the authors cover all phases in designing and implementing a results-based funding system and highlight strengths and weaknesses of concepts, such as taximeter funding, performance contracts, and formula-based allocations.

Suggested Citation

  • Thorn, Kristian & Holm-Nielsen, Lauritz & Jeppesen, Jette Samuel, 2004. "Approaches to results-based funding in tertiary education : identifying finance reform options for Chile," Policy Research Working Paper Series 3436, The World Bank.
    • Handle: RePEc:wbk:wbrwps:3436
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    Citations

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    Cited by:

    1. Thorn, Kristian & Soo, Maarja, 2006. "Latin American universities and the third mission : trends, challenges, and policy options," Policy Research Working Paper Series 4002, The World Bank.
    2. Mary Canning & Martin Godfrey & Dorota Holzer-Zelazewska, 2007. "Higher Education Financing in the New EU Member States : Leveling the Playing Field," World Bank Publications - Books, The World Bank Group, number 6740.

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