THE ROLE OF UNIVERSITY ON STUDENTS MONEY MANAGEMENT PRACTICES

Antoneta POLO

University “Eqrem Cabej”
antoneta_polo@yahoo.com

Dorjana NANO

University “Eqrem Cabej”
nano.dori@yahoo.com

Abstract

Students financial behaviour has been on focus of many academics and practicioners for decades. Reseachers have found that students do not take healthy financial decisions. One of the factors revelead to influence students money management practices is school. The financial knowledge and training gained during university studies is supposed to equip students with the neccessary knowledge and attitude towards financial issues. This is translated in better financial behavior. The current research aims to explore the role of universities on students financial behavior. The main objectives of the paper are: i) firstly to investigate on the importance of school on students money management practices; ii) secondly, provide a literature review on students financial skills and behavior; iii) thirdly, to identify the role of universities in students financial behavior in the case of Albania; and iv) finally, to draw some conclusions and policy recommandations for universities in order to improve their curriculas and help students to be wise consumator. The main research questions raised in this research are: 1) Do Albanian students percept school as their primary source of gaining financial knowledge? 2) Do Albanian universities play their role optimally on equipping students with the best skills on money management?

This study is based on a survey conducted on 637 students from different universities accross Albania. Descriptive statistics, Tukey Post Hoc technique and analyse of variance are utilized to address the research questions. Statistics demostrates students to consider school as the most important source of gaining financial knowledge. Although this result, university is exposed to not play its best role on helping students establishing good financial habits. This research suggest universities to include a modul in personal finances in their curriculas and making them more practical and effective. This is incredeably important since managing personal finances is a matter that last forever. Future studies can be conducted to examine the effectviness of universities curriculas on students life. In addition, further researches can be undertaken in order to identified other factors impacting students financial behavior.

Keywords: Students Money Management, University.

JEL classification: A2
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REGIONAL SPECIALIZATION AND GEOGRAPHICAL CONCENTRATION OF INDUSTRY IN RUSSIA

Svetlana N. RASTVORTSEVA

Belgorod State National Research University, Institute of Economics
Rastvortseva@bsu.edu.ru

Anna S. CHENTSOVA

Belgorod State National Research University, Institute of Economics
Chencowa@mail.ru

Abstract

The goal of the research is to analyze spatial economic dynamics by evaluating specialization of the Russian regions and concentration of production in our country. In this article the theoretical basis of the scientific problem is represented for this purpose, the methodical evaluation tools are shaped, the manufacturing industry concentration and specialization of the Russia regions are analyzed. Concentration was estimated as the dynamics of Herfindahl-Hirschman index on the industrial output, capital stock investments, the employment and GDP of regions, the dynamics of Gini index and Krugman concentration index by 12 subsectors of the processing industry. The production concentration which depends on the degree of manifestation of scale effect was analyzed by 97 industrial groups, and indexes CR3 and CR4 were calculated. The regional specialization of Russian industry was estimated through the dynamics of Krugman specialization index. The groups of the most and least specialized regions were defined, where the additional analysis was made.

Keywords: New Economic Geography, industrial concentration, Russian regions

JEL classification: O18, R1

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