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Evolution of Higher Education Finance in Australia
Author(s) -
Harrold Ross
Publication year - 1992
Publication title -
higher education quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.976
H-Index - 42
eISSN - 1468-2273
pISSN - 0951-5224
DOI - 10.1111/j.1468-2273.1992.tb01606.x
Subject(s) - commonwealth , preference , higher education , finance , perception , business , economics , public relations , accounting , public administration , political science , economic growth , microeconomics , neuroscience , law , biology
Central policymakers are becoming more aware of the possibilities of implementing their policies by using ‘softer’ discretionary financial instruments in preference to ‘harder’ directives and conditions attached to granted funds. A typical technique within this softer approach is to offer block grants to any target organization which contracts to pursue specific policy goals and to account for their achievement. Policymakers effectively perceive themselves as ‘quasi‐consumers’, prepared to ‘buy’ the achievements of their target organizations. Following its new self‐perception, the Commonwealth has ‘invited’ higher education institutions to ‘enjoy’ the financial benefits of its new Unified National System. Membership is open, however, only to those institutions which undertake to achieve specific organizational reforms desired by the Commonwealth. Moreover block recurrent grants flow to member institutions only after teaching and research targets have been individually negotiated and contracted. An endnote updates the final section on the Relative Funding Model.