Page 18 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.75, # 1, 2018, pp. 16-31

other person for favours is risky for the economy. In most cases, these individuals
who are preferred by the procurement officers do not have the qualification or the
capacity to execute the tenders that they have been awarded. As a result, they
provided low-quality works, services, or goods, which deteriorates the overall
economy. As such, to save the economy, it is essential that all the requirements of
the public procurement law are followed to the letter.

1.3. Research Questions

1. What are the economic benefits of the sustainable public procurement law?
2. What are the characteristics of efficient/effective public procurement?
3. Why do procurement officers engage in unlawful procurement acts?
4. How can adherence to public procurement laws be ensured?
1.4. Aims and Objectives

General Aim/Objective

1. To determine the significance of the public procurement law to the economy.

Specific Aims/Objectives

1. To determine the main challenges in public procurement process.
2. To determine the characteristics of efficient procurement processes.
3. To determine the benefits of complying with the legal requirements of the
procurement processes by officers.

1.5. Scope of the Study

The study analyses the relationship between law and economics. More specifically,
the research focuses on public procurement law and its effects on the economy.
Moreover, there is no limit to the number of companies to be analysed. In other
words, the research is based on the experiences of as many firms as possible all
around the globe. Additionally, the study has been conducted solely through the
examination of scholarly article, journals, and books and has not been performed on
the ground. Besides, it is both quantitative and qualitative. Precisely, many sources
have been analysed to demonstrate the various views of researchers and authors.
Also, many real-life experiences of companies as displayed in the sources have been
used as the case studies for the study. These companies' data have been adopted and
used to confirm the hypotheses of this study.

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