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Finance and Credit
 

The knowledge-driven economy: A need for new economic relations

Vol. 22, Iss. 29, AUGUST 2016

PDF  Article PDF Version

Received: 26 February 2016

Received in revised form: 17 May 2016

Accepted: 8 July 2016

Available online: 16 August 2016

Subject Heading: SCHOLAR DISPUTE

JEL Classification: D83

Pages: 44-60

Tatuev A.A. Kabardino-Balkarian State University named after H.M. Berbekov, Nalchik, Kabardino-Balkar Republic, Russian Federation
arsen.tatuev@mail.ru

Importance The process of building the new economic relations in education acts as a catalyst of transformation of the society. In this context, forms of providing the national educational system with resources play an important reproduction role. Therefore, integrated resources of the population, corporations and the State are of particular scientific interest.
Objectives The aim of the study is to find a backbone object of new economic relations formation, which is characterized by the specifics of disposal of budgetary and extra-budgetary funds and their concentration for educational services development.
Methods The main methods of the analysis were statistical groups of data on the amount of public expenditures for education, correlation and regression analysis, analytical and constructive generalization.
Results Currently, the education is a sort of economic space, which is governed by quasi-market and financial mechanisms with direct involvement of various actors of the society in the provision and use of educational benefits. It is necessary to form a new system of economic relations in education, which would integrate resources of all participants of the process represented in reproductive structures.
Conclusions I offer to create a new structure of economic relations connected with educational services provision, and develop principles enabling to organize disposal of budgetary and extra-budgetary funds at various administrative levels and to direct them to payment for educational services, including own funds of individuals and financial resources of corporations. It will increase the income of the education system and create equal conditions of access of all segments of the population to qualitative higher education.

Keywords: education, expenditure, financing, affordable education, economic relations

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