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Financial and Institutional Change in Russian Higher Education


  • Sergei Beliakov
  • Mikhail Lugachyov
  • Andrei Markov


At first glance, the higher education sector may look to have embraced the challenges and pressures of moving towards a market system. However, there remain longer term issues that must be addressed if the higher education sector is to survive and ultimately prosper. This paper examines more closely the financial and legislative reforms implemented in the Russian Higher Education sector. It outlines the institutional and structural changes that have taken place in response to these changes, and the effect of the external environment on the sector. The implications for further reform and institutional change are also discussed. These issues are analysed within a framework of the New-Institutional approach to economic organisations.

Suggested Citation

  • Sergei Beliakov & Mikhail Lugachyov & Andrei Markov, 1998. "Financial and Institutional Change in Russian Higher Education," CERT Discussion Papers 9805, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:9805

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    References listed on IDEAS

    1. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    2. Cave, Martin & Dodsworth, Ruth & Thompson, David, 1992. "Regulatory Reform in Higher Education in the UK: Incentives for Efficiency and Product Quality," Oxford Review of Economic Policy, Oxford University Press, vol. 8(2), pages 79-102, Summer.
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    More about this item


    Russian higher education; institutes of higher education; institutional; governance.;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform

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