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Social externalities of educational investments: Experience of OECD member countries

Nedospasova O.P. National Research Tomsk Polytechnic University, Tomsk, Russian Federation ( olgaeconomy@mail.ru )

Barysheva G.A. National Research Tomsk Polytechnic University, Tomsk, Russian Federation ( ganb@tpu.ru )

Kaida A.Yu. National Research Tomsk Polytechnic University, Tomsk, Russian Federation ( ayk13@tpu.ru )

Journal: National Interests: Priorities and Security, #4, 2019

Subject The article addresses investment in education as a key condition of socio-economic development of the society and individuals’ well-being.
Objectives The study aims to identify, compare, and summarize information about explicit and implicit social externalities that stem from the level of education of a person and change as it increases.
Methods We review the international statistical data and use the methods of comparison, theoretical analysis and synthesis, abstraction, induction, classification, and analogy.
Results The paper describes the underinvestigated forms and the degree of intensity of externalities associated with investments in education. It shows the impact of the level of education (primary, secondary, higher) of people aged 25 to 64 years in various OECD member countries on the subjective value judgments about health status, limitations in physical activity due to health problems, satisfaction with life in general, propensity toward depression.
Conclusions and Relevance We revealed potential reasons for differences in obtained results for various OECD member countries, and for males and females. The paper substantiates the importance of identified patterns for the prospects of Russia's socio-economic development and for supporting decisions on the scale and forms of investment in education.


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

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 )

Journal: National Interests: Priorities and Security, #7, 2016

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.


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