Abstract
The article presents a comparative analysis of state funding of higher education as a factor of its effectiveness in European countries. The analysis is conducted on the example of countries where the share of state budget expenditures on education no less than 11%.The assumption that education is the main factor in the formation of a responsible citizens capable to provide the job themselves, and to provide qualified professionals for the country, that means to promote economic and cultural growth, is taken as a basis of the article.The structure of state expenditures on education in general and the amount of higher education funding in countries under consideration is analyzed.The correlation between the amount of expenditures on higher education and the indicators of the quality index of the higher education system QS World University Rankings is analyzed. Also the correlation analysis between other indexes, that characterize the general level of human development and quality of business as a result of public investment in training of highly qualified specialists, is done.
Highlights
European countries have a high level of life of the population
It is necessary to assess the role of the government in the process of ensuring the development of higher education, i.e. to analyze the correlation between state funding of higher education and the quality of the higher education system in European countries, determined by the QS World University Rankings; between the level of human development and opportunities for economic development
The government plays an important role in quality of education; it determines the education develop- it is important to note that the amount ment policy and acts as a main investor in train- of state funding for higher education does not aling specialists, who will participate in the ways ensure its quality
Summary
European countries have a high level of life of the population It is confirmed with the high positions of the European countries in the international ratings of human development and business. The quality of higher education describes the level of training specialists for economic and community development. The government is responsible for financing the training of specialists to prepare staff members for public sector as well as for strategic sectors of the private business. It is necessary to assess the role of the government in the process of ensuring the development of higher education, i.e. to analyze the correlation between state funding of higher education and the quality of the higher education system in European countries, determined by the QS World University Rankings; between the level of human development and opportunities for economic development (doing business)
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