The analysis of investment in higher education influenced by macroeconomic factors
Loading...
Files
Date
2013-08
Journal Title
Journal ISSN
Volume Title
Publisher
Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
Political, economic and social reforms that started in Lithuania in the beginning of 1990 influenced essential changes in all spheres of social lives, as well as business and the field of paid work: the decline of manufacturing inevitably influenced the number of employed people and the growth of unemployment Structural changes in society's employment were the outcome of privatization and economic modernization processes. New employment groups according to the economic status such as employers, self-employed and employees emerged. The demand of skilled employees increased. Because of the changes in the labor market, the requirements for skills and competences were altered, which encouraged individuals to make a decision to invest in education. The purpose of the paper is to identify the macroeconomic indicators affecting the investment in higher education and to determine their interdependence with the indicators of educational system. In order to determine relation between the indicators of labor market and educational system it is necessary to estimate the strength of correlation between them. Analysis of macroeconomic indicators and educational system showed that the research of investments in higher education is an important issue. Analysis of statistical data leads to the conclusion that salary and opportunity to find a job directly depends on education. Lots of people want to acquire higher education and this fact is changing the structure of the labor market The number of people with higher education will increase rapidly, but the number of jobs with such high qualification will not increase enough. Therefore potential students will be motivated on economic basis, but not psychological incentives or prestige. Examining the effectiveness of investment in education it is necessary to do the investigation, which could be used to predict what expectations individuals have from investments in higher education. It is important to examine the relation between education and increase in salary and their dependency. The research is relevant in Universities analyzing the market, their attitude and the possibility of providing financial resources for education.
Description
Subject(s)
indicators, macroeconomic, investments, higher education
Citation
Item identifier
ISSN
ISBN
978-80-7372-953-0