SOCIAL COST-BENEFIT ANALYSIS AS A STRATEGIC ASSESSMENT TOOL FOR EDUCATIONAL INITIATIVES IN UKRAINE
DOI:
https://doi.org/10.35546/kntu2078-4481.2025.2.1.40Keywords:
social cost-benefit analysis, efficiency assessment, educational programs, social impact, project analysis, education policyAbstract
The article highlights the potential of using the Social Cost-Benefit Analysis (SCBA) method as an analytical tool for assessing the effectiveness of educational initiatives implemented by higher education institutions in Ukraine.It is established that the current system for evaluating educational programs is mainly focused on regulatory compliance, which does not allow for a comprehensive assessment of the social benefits of educational activities for key stakeholders – students, employers, and local communities. The paper substantiates the feasibility of introducing SCBA as an approach that enables comparison of alternative educational projects and strategies based on their long-term social impact.The purpose of the study is to generalize international experience in applying SCBA in the education sector and to outline potential areas for the implementation of this approach in the practice of Ukrainian higher education institutions. The study examines examples of successful SCBA application in assessing long-term results of educational interventions in Sweden, African countries, and within the scope of regulatory impact analysis in Ukraine. The paper summarizes the areas where SCBA can be applied to analyze the effectiveness of educational programs, compare university development strategies, and assess the social impact of universities on local communities. The study concludes that SCBA provides an objective, evidence-based foundation for decision-making in the education sector, supports the rationalization of expenditures, increases the efficiency of investment in human capital, and facilitates transparent communication mechanisms between universities and external stakeholders. A promising direction for further research is the adaptation of the SCBA methodology to the specifics of educational management in Ukraine and the development of tools for its practical application at the level of educational programs and projects.
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