Funding for Higher Education: International and Russian Experience

Authors

  • Ekaterina Anatolievna Kameneva Financial University under the Government of the Russian Federation
  • Tatyana Nikolaevna Sedash Financial University under the Government of the Russian Federation, Moscow

DOI:

https://doi.org/10.24412.2072-8042-2021-5-50-58

Keywords:

funding for higher education, funding mechanisms, international funding experience

Abstract

The article analyzes the main sources of funding for higher education in Russia and abroad. The authors investigate the principal mechanisms of public funding allocation used in the world: funding formula, performance contracts and the negotiated financing mechanism. Particular attention is paid to the analysis of funding for Russian universities. As a result, the authors identify the key global trends in funding for higher education system and potential extra-budgetary sources of funding for universities in Russia, such as endowment funds.

Author Biographies

Ekaterina Anatolievna Kameneva, Financial University under the Government of the Russian Federation

Doctor of Economic Sciences, Professor
Place of work, post: Financial University under the Government of the Russian Federation, Vice-Rector for Academic and Methodological Work

Tatyana Nikolaevna Sedash, Financial University under the Government of the Russian Federation, Moscow

Candidate of Economic Sciences, Associate Professor
Place of work, post: Financial University under the Government of the Russian
Federation, (49 Leningradsky Prospekt, 125993, Moscow, Russia) - Associate Professor of the
Corporate Finance and Corporate Governance Department

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Published

2024-01-28

How to Cite

Kameneva, E. A., & Sedash, T. N. (2024). Funding for Higher Education: International and Russian Experience. Russian Foreign Economic Journal, (5), 50–58. https://doi.org/10.24412.2072-8042-2021-5-50-58

Issue

No. 5 (2021)

Section

World economy