Improving the Economic Mechanisms of The Transition to Innovative Development in The Higher Education System(on The Example of Non-Governmental Educational Institutions) in Uzbekistan
DOI:
https://doi.org/10.51699/economics.v38i1.210Keywords:
Economic Mechanisms, Higher Education Innovation, Non-Governmental Institutions, Uzbekistan, Ordered Probit Model (OPM), Public-Private Partnerships, Tax IncentivesAbstract
This study investigates the economic mechanisms driving innovative development within non-governmental higher education institutions (HEIs) in Uzbekistan. Despite efforts to modernize, these institutions face financial and infrastructural challenges that limit their capacity for innovation. Addressing a gap in the literature on the impact of economic mechanisms on HEIs in emerging economies, this research utilizes a survey-based Ordered Probit Model (OPM) to assess how variables such as government support, industry partnerships, tax incentives, and financial barriers influence institutional innovation. The findings reveal that financial constraints significantly restrict innovation, while government support and diverse funding sources positively impact developmental initiatives. Results indicate that industry partnerships contribute to innovation, although the effect of tax incentives remains moderate. These insights suggest policy implications that emphasize expanding government grants, enhancing tax incentives, and fostering public-private collaborations to create a sustainable innovation ecosystem within Uzbekistan’s non-governmental HEIs.
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