DEVELOPMENT OF HUMAN AND FINANCIAL RESOURCES IN REGIONAL HEIS OF LATVIA

Dace Vīksne, Gunita Mazūre

DEVELOPMENT OF HUMAN AND FINANCIAL RESOURCES IN REGIONAL HEIS OF LATVIA

The contribution of HEI to regional development is a theme that has attracted growing attention, as these institutions are increasingly expected not only to conduct education and research, but also to play an active role in the economic, social and cultural development of their regions. Regional HEIs are higher education institutions of an especial mission with the basic objective to implement scientific and research programmes necessary for regional development. The research aims at the study of regularities existing between the qualities of human resources and financial resources allocated for the development of HE system in Latvia. The research implies the use of following methods: monographic descriptive, analysis and synthesis, logical and constructive. Presently the science is not capable to ensure training of highly skilled specialists for the needs of society, as the age structure and number of academic staff continue to deteriorate. Within the recent five years education in Latvia has been one of the state determined priorities, as the total amount of higher education funding increases annually. The comparison of the share of financing for education of GDP with the respective average indicator in the EU shows that generally in Latvia this indicator complies with the EU average figure.

Key words: higher education, resources, staff, funding, expenditure.
JEL classification: I22, R0.

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