Financial aspects of education quality assurance in Latvia

Journal Title: Economics&Education - Year 2018, Vol 3, Issue 2

Abstract

The article analyzes the financial aspects of ensuring the quality of higher education, the relevance of which is due to the increasing importance of higher education in the development of countries in the modern conditions. The importance of ensuring and maintaining the quality of higher education for each country is proven. On the basis of historical and comparative research methods, a consistent process of formation of the quality assurance system of higher education in Latvia was characterized. The complexity of the problem of improving the quality of education, which is ensured not only by accreditation system, but also financial aspects, is confirmed: increase of financial autonomy of higher educational establishments, expansion of resource base, increase of financing volumes. The features of the financing mechanism of institutions of higher education are revealed, the strengths and weaknesses of the system of financing higher education of Latvia in comparison with European countries are analyzed. The positive experience of European and other countries in the formation of effective financing mechanisms that can influence the quality of higher education is presented. The analysis allowed to determine the perspective directions of development of the Latvian system of higher education in the conditions of the modern global environment and to formulate proposals for improving the mechanisms of its financing. The necessity of improvement of the Latvian practice in the direction of strengthening of stimulating character, further diversification of sources and formation of the practice of financing, oriented on efficiency is proved. Special attention is needed to increase the amount of funding and to bring its indicators to average European indicators, increasing attention to financing research through domestic resources (public, private, business, etc.).

Authors and Affiliations

Iryna Kalenyuk, Olga Verdenhofa, Lyudmyla Tsymbal

Keywords

Related Articles

The economic and legal mechanism of commercialization of R&D results

The article presents the study of the processes of commercialization of R&D results. It is emphasized on the urgency of activating such processes in the context of the formation of a new type of economy - the information...

Comprehensive assessment of the relationship between economic growth and material welfare

This article proposes the contemporary statistical methodology for assessment of relationship between economic growth and material welfare of the Ukrainian regions in 2016 by using the method of complex statistical coeff...

The management of the improvement of entrepreneurship education

The rapid development of information technology leads to important changes in society life. A new society structure is formed, the values are changing, including changes in the labor market situation and in the attitude...

Participation of technology developed countries in the international transfer of technologies

The article highlights the problems and prospects of development of the international exchange of technology and the participation of Singapore, Finland and the United States. The purpose of this article is to use the ex...

Some of the issues of mergers and acquisitions in the banking system of the Republic of Kazakhstan

The article considered some theoretical aspects of merges and absorption and communication of the theory with modern development of processes of merges and absorption in the Kazakhstan banking system. Research of incenti...

Download PDF file
  • EP ID EP551958
  • DOI -
  • Views 140
  • Downloads 0

How To Cite

Iryna Kalenyuk, Olga Verdenhofa, Lyudmyla Tsymbal (2018). Financial aspects of education quality assurance in Latvia. Economics&Education, 3(2), 13-16. https://europub.co.uk/articles/-A-551958