IDEAS home Printed from
   My bibliography  Save this article

Higher Education Financing: a Comparison Romania and United Kingdom


  • Luminita NICOLESCU

    (Bucharest Academy of Economic Studies, Romania)


The 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.

Suggested Citation

  • Luminita NICOLESCU, 2010. "Higher Education Financing: a Comparison Romania and United Kingdom," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(3), pages 468-481, July.
  • Handle: RePEc:rom:rmcimn:v:11:y:2010:i:3:p:468-481

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. DOBREA CATAlin & CIOCOIU Nadia & STEFANESCU Andrea Nicoleta, 2009. "Aspects of the collaborating enviroment integration in the SME-s activity in the context of the economic globalization," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2 Special), pages 144-151, July.
    Full references (including those not matched with items on IDEAS)

    More about this item


    higher education; financing; comparison Romania versus United Kingdom.;

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:11:y:2010:i:3:p:468-481. See general 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). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.