Leadership and Effective Institutional Economics Design in the Context of Education Reforms
| Autor: | Vyacheslav Volchik, Artyom I. Maskaev, Pavel O. Savko, Wadim Strielkowski |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
new public management
Higher education Transparency (market) Economics Econometrics and Finance (miscellaneous) Development transaction costs Private good B52 institutional changes ddc:330 050602 political science & public administration Status attainment complementarity Transaction cost Sustainable development O10 business.industry lcsh:HB71-74 05 social sciences Institutional economics 050301 education lcsh:Economics as a science institutional economics 0506 political science New public management higher education Business I21 Economic system 0503 education universities |
| Zdroj: | Economies, Vol 8, Iss 27, p 27 (2020) Economies Volume 8 Issue 2 |
| ISSN: | 2227-7099 |
| Popis: | Nowadays, the most typical reforms in higher education are conducted through the reorganization of universities either in the form of a merger, acquisition, or new status attainment. As a result, universities which educate local leaders for their respective national economies and have a profound impact on the regional economic development, as well as the composition of the labor market and intellectual potential, often encounter negative economic outcomes. The reforms that are imposed by the policymakers &ldquo from above&rdquo often hamper the development of universities and prevent them from fulfilling their roles described above. The process of reforming higher education in Russia is in many ways similar to the changes in the higher education systems of other European countries, in particular in post-Communist transition economies. Firstly, this process went through the integration into the global market of educational services. Secondly, it proceeded with the rethinking of the role of the university as a self-sustainable business organization. Thirdly, it was concluded by an increase in the demand and accessibility of education using the advancements offered by the digital technologies. Our paper argues that focused and well-balanced economic institutional design might be required for the sustainable development of reorganized leading universities. The project perspective implies that it is necessary to develop an institutional design in relation to what the organization seeks to achieve (either as its regulator or reformer) and how it intends to achieve these goals. In connection with the foregoing, we propose the following principles of designing effective institutions for the sustainable development of reorganized universities: (i) preservation of education as a &ldquo mixed&rdquo good (i.e., one that has the features of both public and private goods) (ii) transparency of decision making (iii) complementarity of institutional change and last but not least (iv) reduction in transaction costs. |
| Databáze: | OpenAIRE |
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