Dana Országhová – Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Tr. A. Hlinku 2, 949 76 Nitra, Slovakia
Mária Farkašová – Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Tr. A. Hlinku 2, 949 76 Nitra, Slovakia
Keywords:
Higher education financing;
University;
Average wage;
Time series analysis
Abstract: Universities are scientific-pedagogical institutions where teaching and research take place, and outputs of tertiary education are qualified graduates for the needs of social practice in the labour market. In Slovakia, the subsidy for wages and insurance premiums is the largest part of the financial subsidy provided from the state budget for universities, which is earmarked. Since 2011, this subsidy has been derived from the performance of a specific university, which is quantitatively expressed based on the number of students, the implemented teaching and outputs of publication and project activities. The main aim of this paper is to evaluate the development of selected indicators in the context of the financing of higher education institutions in Slovakia. Research data were collected from various sources; data available in the DataCube database and from the schedules of subsidies of the Ministry of Education of the Slovak Republic for universities. Data on universities, their financing and university teachers’ salary conditions were evaluated using methods of time series analysis with the prediction of development in the future. Findings indicated changes associated with the efficiency in the utilization of monetary assets at universities. Analyses also include current years, which are referred to as disruptive times and are characterized by global economic problems.
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7th International Scientific Conference – EMAN 2023 – Economics and Management: How to Cope With Disrupted Times, Ljubljana, Slovenia, March 23, 2023, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-69-1, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2023
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