Kazan (Volga region) Federal University, KFU
KAZAN
FEDERAL UNIVERSITY
 
INVESTMENT IN HIGHER PROFESSIONAL EDUCATION IN RUSSIA: VALUE-BASED APPROACH
Form of presentationArticles in international journals and collections
Year of publication2014
Языканглийский
  • Ankudinov Andrey Borisovich, author
  • Biktemirova Milyausha Kharisovna, author
  • Khayrullina Elvira Ildarovna, author
  • Bibliographic description in the original language Ankudinov A.B., Biktemirova M.Kh., Khairullina E.I. Investment in higher professional education in Russia: Value-based approach // ERPA International Congress on Education (Istanbul, 2014). – 2014. – Volume 152. – Pp. 1154-1159.
    Annotation Over the last decade the number of university graduates in Russia has been growing rapidly. However, the relation between tertiarization of national economy and its competitiveness remains unclear; personal motivation and public efficiency of an individual attaining tertiary education act to a certain extent in different directions. The paper addresses different factors affecting the decision of an individual to opt for a particular level of professional education. Net present value and internal rate of return criteria are used to assess the economic attractiveness of investment in attainment of higher professional education. Our findings demonstrate positive private outcomes of attainment of tertiary degrees and are generally in line with the results of OECD analysis. However, cost-benefit analysis demonstrates that in most cases the more advanced type of tertiary degree is attained the lower are financial efficiency indicators both for men and women.
    Keywords professional education, tertiarization of economy, cost-benefit analysis, discounted cash flows
    The name of the journal ERPA INTERNATIONAL CONGRESS ON EDUCATION (ERPA CONGRESS 2014)
    URL https://apps.webofknowledge.com/full_record.do?product=WOS&search_mode=GeneralSearch&qid=3&SID=E4g1LqwYnKjfjmDcjN3&page=1&doc=2
    Please use this ID to quote from or refer to the card https://repository.kpfu.ru/eng/?p_id=129237&p_lang=2

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