Panel Regression Analysis of the Financial and Performance Indicators in Higher Education in Central East Europe

The main objective of the paper is the analysis of the selected higher education indicators and the effect of their interaction, through formulating the financial models for prediction of the behavior of the selected performance indicator, depending on the selected financial indicators. Out of 120 higher education indicators from UNESCO Institute for Statistics database, total of 10 were analysed in the time period of 10 years. Statistical analysis is based on panel regression model. The results show that panel-based financial models that are comprehensive, provide insight into the influence of multiple factors at the same time and look at aspects of their impact at the national levels.