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An Innovative Model Of Funding The Education System

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  • Jan Polcyn

    (Stanislaw Staszic University of Applied Sciences in Pila)

Abstract

This article shows that the effectiveness of the education system can be measuredwithout taking into account the socio-economic environment of students. The use of AVE(Educational added value), which is a measure of the aforementioned effectiveness of theeducation system, should be accompanied by an analysis of the level of local socio-economicdevelopment. These formulations include a certain inconsistency. It stems from the fact that themodelling of AVE using previous educational achievements of students (at the preceding stage)does not take into account the impact of variables modifying these educational achievements. Itis assumed that a student‘s individual family, economic and social situations do not change sorapidly as to affect their educational attainments in the next stage of education. However,research conducted in Poland show that socio-economic variables in areas of local governmentunits strongly modify the AVE. This phenomenon was the reason for proposing the correction inthe system of education funding. The proposed model of funding education takes into account thequalitative factors of educational processes. The implementation of such a model should, in thelong term, improve the quality of human capital in society.

Suggested Citation

  • Jan Polcyn, 2016. "An Innovative Model Of Funding The Education System," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(18), pages 1-3.
  • Handle: RePEc:alu:journl:v:1:y:2016:i:18:p:3
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    More about this item

    Keywords

    educational production function; AVE(Educational Added Value); financing model;

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I29 - Health, Education, and Welfare - - Education - - - Other

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