Economy of education: National and global aspects

Oksana Ishchenko-Padukova , Elena Kazachanskaya , Irina Movchan , Łukasz Nawrot


Our paper focuses on the national economy of education. We assume that under the current conditions of the globalized world, the economy of education reveals its two-fold nature: on the one hand, it represents an element of the national economic system, and on the other, it is also a structural component of the global education system. Therefore, national economy of education is shaped up by both internal and external factors represented by national and international influences. We analyze here the functional composition and the methods of legal regulation of the economy of education under the conditions and provisions of the global geopolitical transformations. In addition, we use the empirical model of returns to education for showing the factors that impact the employability of young graduates at the labor market. Our results confirm the importance of education for achieving higher levels of income, both nationally and internationally. Finally, we come to the conclusion that its target function consists of the global promotion of national education and consolidation of national competitive position within the world education space.
Author Oksana Ishchenko-Padukova - Southern Federal University, Rostov-on-Don, Russian Federation
Oksana Ishchenko-Padukova,,
, Elena Kazachanskaya - Southern Federal University, Rostov-on-Don, Russian Federation
Elena Kazachanskaya,,
, Irina Movchan - Southern Federal University, Rostov-on-Don, Russian Federation
Irina Movchan,,
, Łukasz Nawrot (WGM / KT)
Łukasz Nawrot,,
- Department of Tourism
Journal seriesJournal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (B 11 pkt)
Issue year2017
Publication size in sheets0.6
Keywords in Englisheconomy of education, education standards, globalization, transformation
ASJC Classification2002 Economics and Econometrics; 3312 Sociology and Political Science
Languageen angielski
Score (nominal)11
ScoreMinisterial score = 11.0, 21-09-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2017 = 0.94
Citation count*9 (2021-06-08)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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