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Some economic aspects of higher education quality

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2021-11-30
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Copyright (c) 2021 Péter Levente Lakatos, Csaba Makó

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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Lakatos, P. L., & Mako, C. (2021). Some economic aspects of higher education quality. Competitio, 20(1-2), 14-30. https://doi.org/10.21845/comp/2021/1-2/2
Abstract

Based on the world's most renowned university rankings, OECD annual reports and Eurostat data, this paper seeks to demonstrate that a competitive economy requires competitive (higher) education and that there is a significant correlation between the quality of higher education and economic development. Furthermore, in this process, the higher education quality assurance organization system has an outstanding task and responsibility through the formation of quality culture, guidelines, helpful research, summary of good practices and making constructive suggestions. Finally, it points out that close collaboration between universities and agencies with stakeholders is a priority area, which could contribute to a much more capability-based output system in the longer term. It also considers it desirable to make the relationship between universities and scientific research networks and research institutes closer and more vibrant (where it is not).

Journal of Economic Literature (JEL) codes: H52, I22, I23, I25, I26, O15

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