Theoretical and Applied Economics
No. 1 / 2017 (610), Spring
Economic structure of educational process and its implications for the higher education reform
Holmes Institute, Brisbane, Australia
Abstract. Playing a pivotal role in the development of the modern society, higher education industry has reached its capacity at least a decade ago and since then has lost its former characteristics of a public good. Funding challenges and non-consistency in quality of output dominate the modern discussion on tertiary education policies in search for the optimal way of reforming the sector. None of the policies so far had a close look at the operational structure of colleges and universities from the economic perspective, which by the author’s opinion is the reason behind the lack of progress in reforming the sector. This study presents a discussion on economic structure of different functions within the higher education process and suggests the levels of competition and regulation most appropriate for each of these functions. The proposed option for the higher education reform allows greatly reducing the costs of obtaining a post-secondary qualification, while simultaneously addressing the quality issues.
Contents
Bankruptcy prediction logit model developed on Romanian paired sample
The impact of financial risks on economic growth in EU-15
Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests
Inflation targeting and volatility: Panel evidence
Economic structure of educational process and its implications for the higher education reform
Sustainability of social security systems in EU countries: Panel cointegration analysis with multiple structural breaks under cross-sectional dependence
The evolution of corruption and its current state – A case study on Romania
Exports in the European Union sub-models. Determinants and performances
Growth and distribution of microfinance in India: A panel data analysis
Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties
An empirical assessment of fiscal sustainability for selected South Asian economies
The determinants of stock prices: Evidence from the Turkish banking sector
Job complexity and wage bargaining
Macroeconomic models used in structural analysis of GDP
On the life and death of distance
Vectors of economic growth in the eastern area of the EU
Performance management in the context of globalization
Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach
The vulnerabilities of the gas supply system of the Republic of Moldova in the context of its energetic security
A formal look at the negative interbank rate
Informatic system for identifying and evaluation of the environmental aspects and waste products management
Regulation versus regulated monopolization of a Cournot oligopoly with unknown cost
Banking Union framework and the stability of the European Banking sector