REVENUE DIVERSIFICATION COEFFICIENT (RDC) AND FINANCIAL INDEPENDENCE IN HIGHER EDUCATION: COMPARATIVE EVIDENCE FROM 38 OECD COUNTRIES

This article empirically analyses the relationship between the Revenue Diversification Coefficient (RDC) and financial independence using official data from 38 OECD member countries. It has been established that RDC values vary significantly across countries, and that highly diversified systems weathered the 2008–2012 financial crisis with three times less financial damage. Based on international comparative analysis, recommendations have been developed for introducing RDC monitoring and expanding revenue sources in Uzbekistan's higher education institutions

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