State Policy of Higher Education Sector Financing under the Budgetary Constraints

I. Abankina, L. Filatova and Veronika Vynaryk
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I. Abankina: National Research University Higher School of Economics, Institute of Education, Moscow, Russia
L. Filatova: National Research University Higher School of Economics, Institute of Education, Moscow, Russia
Authors registered in the RePEc Author Service: Людмила Филатова

Journal of the New Economic Association, 2016, vol. 31, issue 3, 111-143

Abstract: The article describes the changing portrait of Russian higher education institutions compared to other countries. It is shown that the proportion of the funds allocated for the levels of higher education is similar to the structure of expenditure in other countries, however, its absolute values are three times behind the level of the OECD countries. Summarizing the international practice of higher education funding reforms, the authors analyze two aspects of the Russian higher education institutions' reaction to the budgetary constraints: diversification of income sources and changes in the cost structure. The paper reveals major trends in the financing of the Russian higher education: concentration on leading universities support, reliance on public funding as the main source of higher education funding, low use of public-private partnership mechanisms and income from endowment funds. The paper gives the assessment of these trends impact on the universities' economic position.

Keywords: higher education financing; universities' fiscal policy; expenses on education; subsidy for state task; financial restrictions; income diversification (search for similar items in EconPapers)
JEL-codes: H52 I22 I23 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2016:i:31:p:111-143

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