Urokov, Uchkun Yunusovich (2025) Improving the Effectiveness of Financial Control in Public Procurement: Risk-Based Digital Monitoring and Preventive Control. Academic Journal of Digital Economics and Stability, 38 (3). ISSN 2697-2212

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Abstract

This article examines the determinants of procurement control performance in a transition economy and develops an integrated reform architecture that shifts control from detection towards prevention. The study combines an institutional analysis of the Uzbek procurement control system with an econometric investigation of a balanced regional panel covering fourteen administrative territories over 2018–2023 (n = 84). Two dependent variables are modelled: the price reduction coefficient, capturing the economy dimension of value for money, and violation density, capturing the legality dimension. Pooled OLS, region fixed-effects and two-way fixed-effects specifications are estimated, supported by multicollinearity, heteroskedasticity and autocorrelation diagnostics. The article proposes a six-pillar reform architecture – strategic planning, risk-based digital control organised around the «stop-or-explain» principle, the systematic contraction of direct awards, professional certification, the redesign of remedies, and evaluation on a total cost of ownership basis – and quantifies its expected effects using the estimated model coefficients.

Item Type:	Article
Uncontrolled Keywords:	public procuremen, financial control, risk-based supervision, value for money, e-procurement, corruption risk indicators, Uzbekistan, transition economies
Subjects:	H Social Sciences
Depositing User:	admin eprints
Date Deposited:	30 Sep 2026 08:55
Last Modified:	30 Sep 2026 08:55
URI:	http://eprints.umsida.ac.id/id/eprint/17138

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