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Passive privatization and financial crisis of public higher education in Colombia

Author

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  • Portillo Riascos, Luis Hernando

    (Universidad de Nariño)

Abstract

Introduction: This article examines the challenges posed by the current funding scheme for public universities in Colombia, where there is a clear contradiction between the growing needs of these institutions and the budget allocated by the State for their operation. Objective: The purpose of this study is to analyze the effects generated as a consequence of the passive privatization strategy implemented through Law 30 of 1992. Methodology: The research approach is quantitative, with a descriptive scope. Methodologically, two dimensions are addressed: management and financing indicators. The analysis period spans from 1993 to 2022. The data used mainly comes from databases and reports published by the Ministry of Education. Results: As a result of this research, it was found that, despite the increase in educational coverage over the last three decades, the funding for public universities has been inadequate. Moreover, it was noted that the state’s strategy for providing educational services progressively favored demand-side subsidies at the expense of transfers to public institutions. Conclusions: This situation threatens the sustainability of these institutions while leading to a noticeable deterioration in the quality of service provision.

Suggested Citation

  • Portillo Riascos, Luis Hernando, 2025. "Passive privatization and financial crisis of public higher education in Colombia," Revista Tendencias, Universidad de Narino, vol. 26(1), pages 29-60, January.
    • Handle: RePEc:col:000520:021331
    as

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    References listed on IDEAS

    as
    1. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    2. Chapman, Bruce, 2006. "Income Contingent Loans for Higher Education: International Reforms," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 2, chapter 25, pages 1435-1503, Elsevier.
    3. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    More about this item

    Keywords

    education management; educational autonomy; educational decentralization; education financing; education reform;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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