Abstract:
The article presents a comparative analysis of state funding of higher education as a factor
of its effectiveness in European countries. The analysis is conducted on the example of
countries where the share of state budget expenditures on education is no less than 11%.
The assumption that education is the main factor in the formation of a responsible
citizens capable to provide the job themselves, and to provide qualified professionals
for the country, that means to promote economic and cultural growth, is taken as a
basis of the article.
The structure of state expenditures on education in general and the amount of higher
education funding in countries under consideration are analyzed.
The correlation between the amount of expenditures on higher education and the
indicators of the quality index of the higher education system QS World University
Rankings is analyzed. Also, the correlation analysis between other indices that characterize
the general level of human development and quality of business as a result of
public investment in training of highly qualified specialists is done.
