OECD 고등교육 재정의 국제 비교

Abstract

In this article we compare the higher education finance of advanced countries using OECD’s “Education at a Glance” data from 1998~2018. We first investigate the relationship among input side variables such as relative size of number of college students, relative size of per student expenditure, the portion of public expenditure in higher education finance. We find fundamental trade-off between the quality and quantity, as captured by the negative correlation between the per student expenditure-GDP per capita ratio and the number of college students compared to the total population. We also investigate the relationship between the input and outputs of higher education. The major findings are that the higher the portion of public expenditure in higher education finance, the lower the chance of having world’s top research universities. Meanwhile, the youth unemployment tends to be lower in countries that governments’ portion of higher education finance are large.