Management of education in the context of its financial support as a public-private good

Main Article Content

Tetiana Vasylieva
Serhiy Lyeonov
Anna Vorontsova


Keywords : financial support, lifelong learning system, public goods, private goods.
Abstract
In the article the essence and main characteristics of public and private goods are investigated, their main differences are revealed. Based on this, the main features of public goods were identified, including the nature of consumption, exclusivity of consumption, level of competition in providing services, exhaustiveness of services, level of social significance, etc. A comparative analysis of the peculiarities of funding for education at different levels (primary, secondary education, post-secondary/total tertiary education) and funding sources (public and private expenditures) has been conducted. It is substantiated that the basis for determining the optimal financial support structure for LLS development should be the level of compliance of educational services with the criteria for meeting public and private goods. On the basis of this, it was found that the ratio of budget and extrabudgetary funding for basic education services should be 90 to 10%; for vocational education services – 60–70% to 30–40%; and for services of additional education – 20–40% to 60–80%.

Article Details

How to Cite
Vasylieva, T., Lyeonov, S., & Vorontsova, A. (2018). Management of education in the context of its financial support as a public-private good. Annals of Marketing Management & Economics, 4(1), 163–173. https://doi.org/10.22630/AMME.2018.4.1.12
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