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Funding for Higher Education: International and Russian Experience

Author

Listed:
  • Tatiana Nikolaevna Sedash

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

  • Ekaterina Anatolievna Kameneva

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

Abstract

The article analyzes the main sources of funding for higher education in Russia and abroad. The authors investigate the principal mechanisms of public funding allocation used in the world: funding formula, performance contracts and the negotiated financing mechanism. Particular attention is paid to the analysis of funding for Russian universities. As a result, the authors identify the key global trends in funding for higher education system and potential extra-budgetary sources of funding for universities in Russia, such as endowment funds.

Suggested Citation

  • Tatiana Nikolaevna Sedash & Ekaterina Anatolievna Kameneva, 2021. "Funding for Higher Education: International and Russian Experience," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 50-58, May.
    • Handle: RePEc:alq:rufejo:rfej_2021_05_50-58
    DOI: 10.24411/2072-8042-2021-5-50-58
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