Human capital, economic growth and accountability of the tertiary education institutions

Παναγιώτης Β. Παπαδέας


Τhe educational expenditures for creating human capital and economic growth are linked to
the Tertiary Education, while the accountability of Institutions is related to their effective administration.
Their funding is examined and the generalized application of Government Accounting
is compared to the gradual simultaneous application of the Chart of Accounts for the State Law
Entities by only several Institutions. The comparison shows an enormous gap in information and
provides intimate understanding of a particular problem of the «Economics of Education», but also
affects the optimal use of funding towards the Tertiary Education. For the economic and accounting
independence of Institutions, the author proposes the improved and generalized application of the
Chart of Accounts (comparable information, improved decision making), as a step towards harmonization
with the New Public Management (NPM).


Human capital; Labour market; Higher education; Greece

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η δικτυακή πύλη της ευρωπαϊκής ένωσης ψηφιακή ελλάδα ΕΣΠΑ 2007-2013