PERFORMANCE FUNDING ? A NECESSARY CHANGE IN THE ROMANIAN FINANCING SYSTEM OF HIGHER EDUCATION
Autor (i): Iuliana Pārvu, Cristina Sandu
JEL: I22
Cuvinte cheie: higher education, financing systems, performance
Abstract:
The financing system of higher education is a relevant tool in order to achieve the objectives of Europe 2020 strategy related to increasing the number of university graduates while ensuring the quality of the educational activities. The accessibility rules to financial resources determine the efficiency of the higher education institutions and, ultimately, the social and economic performance of a country. There is an evident trend at the European level to finance the performance of the universities, not their mere existence in the educational environment. However, Romania did not actually initiate such approaches in financing public higher education, which is why the negative aspects that characterize the tertiary education system are becoming clearer. This paper highlights the negative issues which characterize the Romanian financing system of higher education, compared with current trends related to the modernization of financing system of higher education.
The financing system of higher education is a relevant tool in order to achieve the objectives of Europe 2020 strategy related to increasing the number of university graduates while ensuring the quality of the educational activities. The accessibility rules to financial resources determine the efficiency of the higher education institutions and, ultimately, the social and economic performance of a country. There is an evident trend at the European level to finance the performance of the universities, not their mere existence in the educational environment. However, Romania did not actually initiate such approaches in financing public higher education, which is why the negative aspects that characterize the tertiary education system are becoming clearer. This paper highlights the negative issues which characterize the Romanian financing system of higher education, compared with current trends related to the modernization of financing system of higher education.
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