Theoretical and Applied Economics
No. 1 / 2017 (610), Spring
Economic structure of educational process and its implications for the higher education reform
Holmes Institute, Brisbane, Australia
Abstract. Playing a pivotal role in the development of the modern society, higher education industry has reached its capacity at least a decade ago and since then has lost its former characteristics of a public good. Funding challenges and non-consistency in quality of output dominate the modern discussion on tertiary education policies in search for the optimal way of reforming the sector. None of the policies so far had a close look at the operational structure of colleges and universities from the economic perspective, which by the author’s opinion is the reason behind the lack of progress in reforming the sector. This study presents a discussion on economic structure of different functions within the higher education process and suggests the levels of competition and regulation most appropriate for each of these functions. The proposed option for the higher education reform allows greatly reducing the costs of obtaining a post-secondary qualification, while simultaneously addressing the quality issues.
Keywords: Higher education reform, market structure, market failure, natural monopoly.
Contents
- Bankruptcy prediction logit model developed
on Romanian paired sample
Daniel BRÎNDESCU-OLARIU
- The impact of financial risks on economic growth in EU-15
Ionuţ JIANU
Laura-Mădălina PÎRȘCOVEANU
Maria-Daniela TUDORACHE
- Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests
Burak GÜRIŞ
İpek M. YURTTAGÜLER
Muhammed TIRAŞOĞLU
- Inflation targeting and volatility: Panel evidence
Zied SAYARI
Rima LAJNAF
- Economic structure of educational process
and its implications for the higher education reform
Serguei MIKHAILITCHENKO
- Sustainability of social security systems in EU countries: Panel cointegration analysis with multiple structural breaks
under cross-sectional dependence
Ismet GOCER
Halim TATLI
- The evolution of corruption and its current state – A case study on Romania
Ciprian ROTARU
Raluca GEORGESCU
Dumitru-Alexandru BODISLAV
- Exports in the European Union sub-models.
Determinants and performances
Alina ARSĂNI
George ȘTEFAN
Anca PARASCHIV-GHERMAN
- Growth and distribution of microfinance in India: A panel data analysis
S. SARAVANAN
Devi Prasad DASH
- Human capital and collegiality in academic beehives: Theory and analysis of European Economics faculties
João R. FARIA
Franklin G. MIXON, Jr.
Kamal P. UPADHYAYA
- An empirical assessment of fiscal sustainability for selected South Asian economies
Shruti SHASTRI
A.K. GIRI
Geetilaxmi MOHAPATRA
- The determinants of stock prices: Evidence from the Turkish banking sector
Arif SALDANLI
Mücahit AYDIN
Hakan BEKTAŞ
- Job complexity and wage bargaining
Samir AMINE
- Macroeconomic models
used in structural analysis of GDP
Constantin ANGHELACHE
Alexandru MANOLE
Mădălina-Gabriela ANGHEL
- On the life and death of distance
Orestis VRAVOSINOS
- Vectors of economic growth in the eastern area of the EU
Cătălina MOTOFEI
- Performance management in the context of globalization
Roxana-Lucia MIHAI
Irina Florentina BĂJAN
Alina CREŢU
- Financial development, trade openness and economic growth in MENA countries: TYDL panel causality approach
Hicham AYAD
Mostéfa BELMOKADDEM
- The vulnerabilities of the gas supply system of the Republic of Moldova in the context of its energetic security
Iulian VIȚĂ
Cristina Elena NICOLESCU
- A formal look at the negative interbank rate
Gerasimos T. SOLDATOS
- Informatic system for identifying and evaluation of the environmental aspects
and waste products management
Rodica BUCUROIU
Marius Gabriel PETRESCU
- Banking Union framework and the stability
of the European Banking sector
Andrei HREBENCIUC