The Analysis Of The Fund-raising Problems Of Higher Education In Our Country

This paper analyzes the fund-raising problems of higher education in our country and then attempts to present some policy-suggestions on them from the angle of view of economics basing the basic theories of economics, finances and educations by the research methods of normative and positive analysis.So come the research because of paying attention to the problems that the shortage of funds for the Chinese higher education and the low efficiency of allocation of educational resources. There are three parts in this paper. Part 1 mainly normatively analyzes the fund-raising of higher education. The government must offer higher education according to the theory of public products and the option of government fiscal policy is important according to the theory of efficiency and equity. Non-governmental fund-raising comprises: the educatee investing to accept higher education, the local people investing to offer higher education and the market financing. However, government financial support is a major source while multiple channels and rationally allocating the funds are necessary. Part 2 analyzes the practice of fund-raising in our country. Though some improvement has been made after the reform and opening policy, there still exist some problems. They are showed on macro-level policy making aspect and micro-level operating mechanism as: the total scale of investment is still small; the structure of financing is irrational. Part 3 attempts to present some policy-suggestions using the experience of other countries for reference: to improve the fund-raising policy on macro-level to adhere to raising funds from multiple channels while government playing a leading role; to reform the interior management mechanism of higher learning on micro-level to optimize the allocating of educational resources.The main views of this paper are: (1) higher education should be offered by government and market as it is quasi-public product, and the private sectors which offer the higher education should be subsidized by the government. (2) The resources of higher educational funds comprises: government investment, educatee investment, local people investment and market financing, among them, the government plays a leading role, meanwhile the institutions of higher learning should allocate the resources as rational as possible to enhance the efficiency. (3) It has been changed that the government offers higher education exclusively while multiple financing has been basically formed in our country, but the problems that the shortage of funds and the low efficiency of allocation are still exist. (4) To improve the fund-raising policy on macro-level to adhere to raising funds from multiple channels while government playing a leading role; to reform the interior management mechanism of higher learning on micro-level to optimize the allocating of educational resources.