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Sources Of Financing Knowledge-Based Economy: The Case Of Formal, Non-Formal And Informal Education In Poland

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  • Iwona Kowalska

    () (Warsaw University of Life Sciences – SGGW)

Abstract

Globalization, negative demographic trends, new sources of knowledge and volatile job market are the determining factors behind the change in approach to the education system in Poland. Formal, non-formal and informal education is the sine qua non of the implementation of a knowledge-based economy in Poland. This process, however, requires an in-depth analysis of the funding of education. So far there have been no Polish publications analyzing the funding of the three aforementioned forms of education. Therefore, the aim of this paper is to assess the possibilities to implement knowledge-based economy with regard to the current funding of formal, non-formal and informal education in Poland. The study involved the analysis of national and EU documents on subject and object oriented funding of educational tasks and procedures for determining the amount of funding allocated to these tasks. The analysis showed that the barrier inhibiting the implementation of knowledge-based economy is the lack of legal regulations enabling the implementation of new solutions for financing education in Poland. These solutions involve the effective joint funding from the state budget, local government budgets and private funds (provided by employers and learners). This requires urgent conceptual work and initiating implementation projects in the area of public finance in Poland.

Suggested Citation

  • Iwona Kowalska, 2016. "Sources Of Financing Knowledge-Based Economy: The Case Of Formal, Non-Formal And Informal Education In Poland," Oeconomia Copernicana, Institute of Economic Research, vol. 7(1), pages 75-90, March.
  • Handle: RePEc:pes:ieroec:v:7:y:2016:i:1:p:75-90
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    File URL: http://dx.doi.org/10.12775/OeC.2016.006
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    References listed on IDEAS

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    1. Hendricks, Matthew D., 2014. "Does it pay to pay teachers more? Evidence from Texas," Journal of Public Economics, Elsevier, vol. 109(C), pages 50-63.
    2. Wolff, Edward N. & Baumol, William J. & Saini, Anne Noyes, 2014. "A comparative analysis of education costs and outcomes: The United States vs. other OECD countries," Economics of Education Review, Elsevier, vol. 39(C), pages 1-21.
    3. Epple, Dennis & Ferreyra, Maria Marta, 2008. "School finance reform: Assessing general equilibrium effects," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1326-1351, June.
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    1. repec:nup:jrmdke:v:5:y:2017:i:2:227-249 is not listed on IDEAS

    More about this item

    Keywords

    finance; education; economy; knowledge; system;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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