Econometric analysis of phenomenon of higher education expansion

Analysis of factors, characterizing globalization, on transformation of higher education system, called as the «fundamental shift» by Kwiek (2001), is conducted with the use of data for 195 countries for the period 1988–2016. Models of dynamics of share of youth, getting higher education, before and after positive demand shock in higher education are considered. Globalization of markets and technologies development intensify competition stimulating growth of demand on highly-qualified workforce and increase of selectivity of universities in order to provide high quality higher education