Home  Journals  Regional Economics: Theory and Practice  5(524) - 2024 May

Investment in tertiary education in OECD countries: Student spending and public support, allocation of education funding by resource category

Received: 23 October 2023

Received in revised form: 16 December 2023

Accepted: 25 February 2024

Available online: 16 May 2024

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: I22, I25, R11, R13

Pages: 941–960

https://doi.org/10.24891/re.22.5.941

Subject. This article discusses the issues of financing and ensuring the accessibility of higher education, and getting the balance between higher education spending and other public spending.
Objectives. The article aims to analyze the major economic indicators of the higher education system's development in some countries and regions.
Methods. For the study, I used the general scientific research methods.
Results. The article describes different combinations of students' tuition costs and ways to find the optimal balance between different forms of learning support undertaken by governments of different countries.
Conclusions. The high quality of higher education is recognized as an absolute priority. In the coming decade, higher education ecosystems will change in many countries, driven by changes in demand for higher education. More flexible and diverse financing modalities are needed, taking into account the practices of different countries.

Keywords: tertiary education, private spending, resource allocation

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