Abstract:

Recent research has proved that the factor of sustainable economic development of a country is the growth of education market based on its reciprocal integration with the market of labour. One of the promising forms of education market to labour market interaction is an educational public-private partnership (EPPP) shaped as a cluster whose nature allows us to build a competitive integration model relying on factor analysis of serial processes. The substantiation of our methodological framework was done using system and economic analysis, the method of scientific observation and generalization, and comparative analysis. The methodological significance of our study relies on the fact that its findings can be applied to the task of building up a methodology of shaping educational market clusters and, particularly, to new approaches to the improvement of labour market and educational market models, to the shaping of a strategy of establishing partnerships between educational institutions and their business partners. Scientific novelty of the study is the proposed substantiation of competitive ability of a concessionary integrative model of interaction between labour market and education market using factor analysis of serial processes, in order to improve the competitive strength of public and private educational institutions both federally and regionally, and to prove that collaboration between the education sector and its business partners can be effective.