Demand for and supply of higher education in Latvia
2017
Sannikova, A., University of Economics and Culture, Riga (Latvia) | Grizane, T., School of Business Administration Turiba, Riga (Latvia) | Dobele, A., Latvia Univ. of Agriculture, Jelgava (Latvia)
An increase in the education level of the population is an important factor contributing to socio-economic development in regions, while the availability of human resources with higher education influences the regions both directly and indirectly. The research problem relates to the fact that demographic trends and socio-economic factors in Latvia contribute to changes in the quantitative demand for higher education at ISCED levels 5-8. The research has found that in Latvia the demand for undergraduate higher education (ISCED 5-6) is statistically significantly influenced by changes in the number of the working-age population, the number of students who are able to pay their tuition fees, gross domestic product in real prices per employee and average income per capita in cities, while such factors as GDP per capita, average net wage and salary income and average household income per capita in rural areas are statistically insignificant. The supply of higher education at ISCED levels 6-8 prevails in the total supply, while the supply of college education (ISCED 5) by the public and private sectors is underdeveloped outside Riga planning region.
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