Based on a systematic literature review, the book aims to forecast the investment scale of Chinese higher education and the allocation structure of different types of higher education institutions in the next decade.
The authors first introduce the complex setting of Chinese higher education finance, including the background and theoretical foundation, as well as an in-depth literature review. Via international comparative data, they explore the adequacy and equity of the financial resources. By applying quantitative methods, such as panel data analysis and time series analysis, they forecast the public investment scale in higher education and the allocation structure and proportion among different types of higher education institutions. In addition, the book investigates the standards of teaching funding and teacher research funding, which are considered the main funding resources of Chinese universities and individual teachers.
As China has become the world’s largest country of higher education, "how to provide adequate and equal funds to meet the increasing demand" is of great interest to scholars and policymakers both from China and abroad. The book will also appeal to postgraduate students who would like to know the overall status of Chinese higher education finance.
Table of Contents
1: Introduction 2: Basic methods of financial forecasting research in higher education 3: The adequacy and equity of the financial resources of higher education 4: Forecasting the scale of public investment in higher education 5: Forecasting the allocation structure and proportion of the public investment for different types of higher education institutions 6: Research on the standard for the teaching funding and average student funding in higher education 7: Research on the standard of average teacher research funding for university teachers
Yongmei Hu is a professor of the Faculty of Education at Beijing Normal University, Beijing, China. Since 2016, she has been a vice editor-in-chief of the editorial board of China Economics of Education Review and a member of the executive board of the Association of China Education and Economics. Her research interests focus on the educational production function, school efficiency analysis, and educational finance policy. She has published more than 140 papers in Chinese and international journals.
Yipeng Tang is an associate professor with the Faculty of Education, East China Normal University, Shanghai, China. He received his PhD in economics of education from Beijing Normal University. He was granted Young Researcher Funds by the National Natural Sciences Foundation of China. He has published more than 40 research articles in academic journals. His research interests include higher education finance, teacher policy, and student development.
"Higher education finance is a classic research topic in the economics of education. The book makes a systematic and in-depth exploration on the future of China's higher education finance in the "post-4%" era, which presents the latest research progress of Chinese scholars in relevant fields and shares China's efforts to provide adequate and equitable financial support for the sustainable development of higher education. It is for sure that international colleagues in the economics of education can have a new understanding of China's higher education fiscal policy and practice through this book."
Weifang Min, Former Dean of Graduate School of Education at Peking University, China
"Great academic work should be based on theory and practice, and combine methods and policies. This book is the most distinctive one I have seen in higher education finance in recent years. On the one hand, the book carefully combs the relevant theories of higher education finance, as well as China's practical experience in higher education finance, and systematically shows the achievements and challenges of China's higher education finance. On the other hand, this book summarizes the major econometric forecasting methods applying on the forecast of the scale and allocation structure of financial investment in Chinese higher education. Meanwhile, the book not only gives the adjustment coefficient of average student financial allocation in colleges and universities based on the different characteristics of cultivation cost per student but also creatively puts forward the allocation standard of average teacher research funds in different disciplines. It can be foreseen that the publication of the book will make an important contribution to promoting the internationalization of Chinese research on higher education finance."
Xibin Jin, Beijing Normal University, China
"Public universities are the main body of China's higher education, government financial funds are the main revenue source of Chinese public universities, so the scale and allocation of government financial funds are closely related to the development of each public university in China. The book is a meaningful attempt and exploration of Chinese scholars in this respect, covering the critical issues in higher education finance. This book will be of reference value for university administrators and higher education policymakers in China and many other countries."
Fanhua Meng, Secretary of the Party Committee and President at Capital Normal University, China