Higher Education Financing: a Comparison Romania and United Kingdom
AbstractThe present paper is motivated by the importance of financing for the higher education sector. The formulae based financing Romanian higher education system has been inspired from the British financing system. In this context the paper makes a comparison between the higher education financing system in Romania with the one from United Kingdom. Similarities and differences are identified and potential consequences for the sector. The paper concludes that at present at international level, public money is not enough to support higher education and that it is a necessity to encourage HEIs to attract also private funds. Based on the results of a country with a long experience in using the formulae based funding mechanism and the results of a country that recently started to use this funding mechanism, coupled with the fact that both countries use additional funding sources and mechanisms, we can conclude that at present formulae based funding mechanisms are suitable systems to allocate public funds. At the same time they have to be used together with other mechanisms to attract funds from both public and private sources in order to ensure a good financing of the higher education sector.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT.
Volume (Year): 11 (2010)
Issue (Month): 3 (July)
higher education; financing; comparison Romania versus United Kingdom.;
Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marian Nastase).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.