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Article
Publication date: 9 January 2017

Nikolai Kuznetsov, Lyudmila Usenko, Olga Ivanova and Elena Kostoglodova

The purpose of this paper is to evaluate and determine the effectiveness of university education on the economy of various countries.

Abstract

Purpose

The purpose of this paper is to evaluate and determine the effectiveness of university education on the economy of various countries.

Design/methodology/approach

To determine the necessity and expedience of making provision for the effectiveness of university education on the market economy, this work uses the method of regression and correlation analysis. Evaluation of effectiveness of the system of university education is performed separately for students, state, and employers by taking as example countries with specially developed formulas.

Findings

The authors substantiate the necessity for provision of effectiveness of university education on the market economy, view the effective system of university education as a basis for the development of a knowledge economy, determine approaches to evaluate the effectiveness of university education on the market economy, perform evaluation of effectiveness of the system of university education by the example of various countries, determine its connection with indicators of economic growth and development, and provide recommendations for provision of effectiveness of the system of university education on modern market economies.

Practical implications

The practical value of results of the conducted research consists in the possibility to use the developed formulas for determining the level of effectiveness of the system of university education on various countries of the world.

Originality/value

Theoretical value of this paper consists in the possibility for the application of authors’ conclusions and recommendations in the process of development of the policy of management of effectiveness of university education system.

Details

International Journal of Educational Management, vol. 31 no. 1
Type: Research Article
ISSN: 0951-354X

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