ECONOMETRIC ANALYSIS OF FACTORS INFLUENCING THE MANAGEMENT EFFICIENCY OF HIGHER EDUCATION INSTITUTIONS IN THE DIGITAL ECONOMY OF UZBEKISTAN

Authors

  • Olimjonov Abbosjon Olimjonovich independent researcher at TSUE

Abstract

This paper explores the major factors that can affect the efficiency of the work of higher education institutions (HEIs) in Uzbekistan in a digital economy. The study is done using econometric modeling and therefore analyzes the effects of digitalization factors on the overall revenue performance of HEIs including the use of digital services and investment in digital infrastructure. The data used in the analysis include the annual data of 2017-2024 and Ordinary Least Squares (OLS) and log-OLS is used with the EViews 14 software. The basic variables are total revenue (the dependent variable) and independent variables, which are contract revenue, grant income, total expenditure, student enrollment, the percentage of digital service utilization, and digital infrastructure investment. The findings indicate that there is a significant and statistically significant correlation between the use of digital services and institutional revenue, having an adjusted R 2 of 0.875, which means that about 87.5 percent of the HEI revenue variability is forecasted by the indicators of digitalization. The tests of diagnostics prove that there is no multicollinearity and autocorrelation, which guarantees the reliability of the model. The results highlight the importance of the digital transformation in promoting the financial efficiency and strategic management of HEIs. The implications of the policy are focused on emphasis on digital service growth and infrastructure development to enhance transparency, sustainability, and performance within the sector of higher education.

Downloads

Download data is not yet available.

References

Altbach, P. G., & de Wit, H. (2020). The digital transformation of higher education: Global trends and implications. Journal of Educational Administration, 58(3), 245–258. https://doi.org/10.1108/JEA-06-2020-0141 (Note: please verify the exact DOI from the journal as this is illustrative)

Dickey, D. A., & Fuller, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(4), 1057–1072. https://doi.org/10.2307/1912517

Gujarati, D. N., & Porter, D. C. (2020). Basic econometrics (6th ed.). New York, NY: McGraw-Hill Education.

Kalimullin, A. M., & Ibragimova, E. S. (2021). Factors affecting efficiency in higher education management: Empirical evidence from transitional economies. Higher Education Studies, 11(3), 24–33. https://doi.org/10.5539/hes.v11n3p24

Kennedy, P. (2008). A guide to econometrics (6th ed.). Malden, MA: Blackwell Publishing.

Ministry for Development of Information Technologies and Communications. (2020). Digital Uzbekistan 2030 Strategy. Tashkent: Government of Uzbekistan. Retrieved from https://gov.uz/en/pages/2030_strategy

OECD. (2023). Digital education outlook 2023: Shaping the future of learning and institutions. Paris: OECD Publishing. Retrieved from https://www.oecd.org/education/digital-education-outlook-2023.htm

Rustamov, I., & Karimov, D. (2022). Transforming higher education management through digital innovation in Uzbekistan. Central Asian Journal of Management Studies, 4(1), 33–47.

State Committee of the Republic of Uzbekistan on Statistics. (2024). Higher education indicators report 2017–2024. Tashkent: Government of Uzbekistan.

World Bank. (2022). Higher education modernization and digital governance in Central Asia. Washington, DC: World Bank. Retrieved from https://www.worldbank.org/en/region/eca/publication/higher-education-modernization-digital-governance-central-asia

Downloads

Published

2025-10-31

How to Cite

Olimjonov Abbosjon Olimjonovich. (2025). ECONOMETRIC ANALYSIS OF FACTORS INFLUENCING THE MANAGEMENT EFFICIENCY OF HIGHER EDUCATION INSTITUTIONS IN THE DIGITAL ECONOMY OF UZBEKISTAN. Journal of Applied Science and Social Science, 15(10), 1637–1643. Retrieved from https://www.internationaljournal.co.in/index.php/jasass/article/view/2292