Measuring of the Economic Efficiency of Higher Education: Theoretical and Methodological Aspects

Abstract

Russia’s war against Ukraine has led to a significant increase in attention to the economic efficiency of all types of human and material resources being used currently and in future to ensure victory and especially for the post-war recovery of the country. In this regard, the need for scientific substantiation of measuring the economic efficiency of production and provision of services in the field of higher education, being financed by significant amounts of funds from the state and regional budgets, various institutional units of the economy and households, is beyond doubt. The main problem, the solution of which was set as the goal of the article, has been recognized as a lack of scientifically based legal acts approved at the appropriate institutional level in Ukraine, containing provisions on measuring the economic efficiency of obtaining higher education in the conditions of the post-war recovery of the sphere of higher education in Ukraine. The article analyzes the main international and national institutes, in particular, a number of foreign and Ukrainian publications revealing the issue of measuring the economic efficiency of obtaining higher education. The article also presents the results of the analysis of the main indicators of the network and educational activity of higher education institutions of Ukraine, the volumes of state funding of the sphere of higher education of Ukraine in 2005-2020, offers theoretical and methodological proposals and recommendations regarding the institutional regulation of measuring the economic efficiency of obtaining higher education in Ukraine. It is recommended that the measurement of the economic efficiency of obtaining higher education in Ukraine should be carried out separately for: applicants of higher education; higher education institutions; in Ukraine as a whole in accordance with the provisions of the SNR 2008; Methodological provisions for calculating the gross domestic product approved by the Order of the State Statistics Service of Ukraine dated September 17, 2018 No. 187; Methodology of National Education Accounts, UNESCO, 2016 .