Comparison of Selected Indicators of Higher Education Financing in Slovakia in Disruptive Times
Comparison of Selected Indicators of Higher Education Financing in Slovakia in Disruptive Times

Author(s): DANA ORSZÁGHOVÁ, Maria Farkašova
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Higher education financing; University; Average wage; Time series analysis
Summary/Abstract: Universities are scientific-pedagogical institutions where teaching and research take place, and outputs of tertiary education are qualified graduates for the needs of social practice in the labour market. In Slovakia, the subsidy for wages and insurance premiums is the largest part of the financial subsidy provided from the state budget for universities, which is earmarked. Since 2011, this subsidy has been derived from the performance of a specific university, which is quantitatively expressed based on the number of students, the implemented teaching and outputs of publication and project activities. The main aim of this paper is to evaluate the development of selected indicators in the context of the financing of higher education institutions in Slovakia. Research data were collected from various sources; data available in the DataCube database and from the schedules of subsidies of the Ministry of Education of the Slovak Republic for universities. Data on universities, their financing and university teachers’ salary conditions were evaluated using methods of time series analysis with the prediction of development in the future. Findings indicated changes associated with the efficiency in the utilization of monetary assets at universities. Analyses also include current years, which are referred to as disruptive times and are characterized by global economic problems.

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