Social and Behavioral Sciences Commons^™

An Analysis Of The Effects Of Formula Funding Project In The Korea Higher Education System, Kyungsoo Park

MPA/MPP/MPFM Capstone Projects

In 2008, the Korean government launched a funding project that used formulas to select which four-year universities received funding from the government. The aim of the project was to improve university performance and educational quality, particularly with respect to undergraduate student outcome. However, there were few empirical studies on the project's actual impact. This study is an examination of three effects of the project. First, I analyze whether the project itself, regardless of funding, can bring about change in five formula indicators of all universities: employment rate, enrollment rate, full-time faculty rate, educational expenses per student, and scholarship rate. Second, …