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National Interests: Priorities and Security
 

Higher education financing in the face of economic instability: The general and the particular for OECD countries

Vol. 12, Iss. 7, JULY 2016

PDF  Article PDF Version

Received: 9 March 2016

Received in revised form: 21 March 2016

Accepted: 14 May 2016

Available online: 28 July 2016

Subject Heading: CHALLENGES OF GLOBALIZATION AND THEIR IMPLICATIONS

JEL Classification: H5, I21, I23, I25, P46

Pages: 178-191

Nedospasova O.P. Institute of Humanities, Social Sciences and Technologies, National Research Tomsk Polytechnic University, Tomsk, Russian Federation
opnedospasova@tpu.ru

Kaida A.Yu. Institute of Cybernetics, National Research Tomsk Polytechnic University, Tomsk, Russian Federation
anastasiakaida@gmail.com

Nedospasov A.A. Seversk Institute of Technology, Branch of National Research Nuclear University MEPhI, Seversk, Tomsk Oblast, Russian Federation
onotole.great@yandex.ru

Importance The article deals with the issues of financing of national higher education systems.
Objectives The aim of the study is to examine the reactions encountered in national higher education systems of the Organization for Economic Co-operation and Development (OECD) countries in response to the global crisis of recent years.
Methods Based on official statistics listed in the UN Reports of Education at a Glance UN 2014. OECD Indicators, we analyzed the changes that have occurred in recent years in volumes, structure and efficiency of investment in higher education in different countries belonging to the Organization.
Results We identified the main directions of changes in financing higher education in recent years, specific for the OECD countries. We prove the importance of integrating private and public impact on educational investment in making strategic decisions about changes in the structure of the sources of financing higher education.
Conclusions We conclude that national education systems have been very ambiguous responding to the increased budgetary constraints: some OECD countries retained allegiance to the pre-crisis principles of financing higher education, others have decided on their substantial adjustment. We justify an assumption about possible causes of very conflicting responses of various OECD countries on the global economic turbulence.

Keywords: funding, higher education, crisis, structure, dynamics

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