EFFECTIVENESS THE FUNDING OF EDUCATION

Istrate Camelia and Leiciu Narcisa-Liliana ()
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Istrate Camelia: ”Ion Ghica” Economic College, Braila, Romania
Leiciu Narcisa-Liliana: ”Ion Ghica” Economic College, Braila, Romania

Contemporary Economy Journal, 2016, vol. 1, issue 4, 105-110

Abstract: Education is a productive investment from economic and moral point of view. In many developing countries education is funded and provided mainly by the state, the expansion of education depending on the size of fiscal resources. The funding reform of education, of tuition, represents a component of education reform in general, on one hand, and the reform of financial systems and me chanisms of funding, on the other hand. In this regard, education funding reform implies a coherent and consistent approach to human capital formation needs and to direct financial implications of beneficiaries and users of education, detaching the following aspects:the individual invests in himself, in his education and in his training, he decides if he uses or not the knowledge, the compentences and the abilities obtained through education; the individual can not be forced to be educated or trained in a particular way, or forced to use what he learned. Because individuals and their families often don’t have money to finance their education or have difficultions in obtaining loans from banks, the educational institutions, of education, are currently funded, mainly, by the state.

Keywords: funded; education; promovation; human capital (search for similar items in EconPapers)
JEL-codes: I22 (search for similar items in EconPapers)
Date: 2016
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