Economic growth and human capital are highly correlated. The expansion of an economy's knowledge base, health, and welfare can be facilitated by human capital, which also has an impact on economic growth. The ability to alter a life is known as human capital. Ensuring socio-economic advancement is a global problem for human capital development, particularly in the areas of health, education, and living standards. This essay examines the connection between Uzbekistan's economic expansion and the development of its human capital. In the dynamic landscape of Uzbekistan's economic transformation, human capital development emerges as a pivotal determinant of sustained economic growth
Behavioral finance, which has recently entered the fields of finance and economics with a fresh perspective, challenges the traditional economic concepts of rational decision-making. This field emphasizes that to conduct more accurate analyses in economics, it is necessary to account for human psychological decisions, cognitive biases, and the role of emotions in decision-making. By considering the limitations of available opportunities and the diversity of choices, behavioral finance shows that we can gain more insights into market participants. These shifts can have a significant impact across various sectors and contribute to more precise decision-making at the national level, enhancing the financial well-being of the state and its citizens.
Today in Uzbekistan, as in many countries of the world, great attention is paid to the development of transport logistics. Geographical location of the Republic of Uzbekistan in the center of Central Asia allows the country to effectively use the potential of transport corridors, passing through this region
This research paper investigates the relationship between government external debt and economic growth, focusing on its nature and impact. The findings suggest that the nature of government external debt, encompassing its composition, terms, and sustainability, significantly affects its impact on economic growth. Additionally, the analysis examines debt levels, debt service obligations, and the effectiveness of debt management strategies. The paper concludes by discussing policy implications and proposing measures to ensure sustainable debt management practices that foster long-term economic growth.
This study used econometric panel models to examine the influence of water shortage on economic growth in Central Asian countries. To evaluate long-term panel data, we used a pooled regression model, a fixed effect model, and a random effect model on annual data from 1990 to 2023 across five nations. After creating the models, we ran diagnostic tests using several statistical techniques. After analyzing the models listed above, we determined that the Pooled regression model is best suited to our panel data. Based on the indicators of this model, it was discovered that increased water shortage in Central Asian countries had a negative impact on economic growth. Each unit increase in water scarcity causes a 0.0166 unit loss in GDP. The findings suggest that countries experiencing severe water scarcity should prioritize water resource management and establish a water conservation program that includes the construction of infrastructure to alleviate the shortage.
The article tried to highlight the reasons and new aspects of the increased importance of improving the system of supporting the positive impact of export and import on economic growth in our country. The characteristics and tasks of using its effective tools and methods are described based on learning the experiences of the world practice of effective foreign economic activity and the modern trends of the mechanism of promoting export and import through taxes. In the socio-economic development prospects of the Republic of Uzbekistan until 2030, directions for supporting the positive effect of effective export on economic growth are justified.
This article presents scientific comments on the research of Muslim economists on the influence of Islamic banks on the economic growth of the country. It is dedicated to reflecting the factors of sustainable development of Islamic banks in 2021-2022 and the pace of change. The position of Islamic banks in different regions of the world is analyzed. The reasons for the changes are indicated and explained. The effectiveness of changes in legislation on the creation of Islamic banks in the leading countries of the world has been studied.
Pollution and the economy have been closely interconnected throughout the entirety of human history. The understanding of the relationship between environmental degradation and economic development is incomplete as a result of disciplinary prejudices. The aim of this research is to comprehend the dynamic correlation between air pollution and the economy of Uzbekistan. Additionally, it seeks to examine the presence of the Environmental Kuznets Curve (EKC) to identify the most effective policy options for reducing emissions while sustaining economic growth. This study utilized the Bayer-Hanck Cointegration test and Granger Causality tests to accomplish its objectives. The presence of Bayer-Hanck cointegration suggests a durable connection between air pollution and economic growth. Furthermore, the Granger causality test demonstrates that there is a causal relationship between economic growth and the three air pollutants, with a significance level of 0.05. This study seeks to address a gap in the current literature by examining the relationship between air pollutants and economic growth. It attempts to investigate the EKC hypothesis and the effects of air pollution on economic growth specifically in Uzbekistan.
This article examines the relationship between economic growth and air pollution in Uzbekistan, which has achieved rapid economic development in recent years. Using data from 2000 to 2020, we used econometric methods to examine the impact of economic growth on air pollution. Our results show that economic growth has a positive and significant effect on air pollution in Uzbekistan, suggesting the existence of the Environmental Kuznets Curve (EKC) hypothesis. However, the relationship between economic growth and air pollution is not linear, and the tipping point at which economic growth begins to reduce air pollution is not yet clear in Uzbekistan. Our findings have important policy implications for the sustainable development of Uzbekistan's economy and the reduction of air pollution.
When analyzing economic potential, it should also be borne in mind that the economic potential of enterprises depends not only on the size of available resources but also on the quality of these resources, the structure of the balance of components, and the rationality of use. Improving the quality composition of resources increases the existing potential, the effective use of which strengthens management decisions.
This article presents scientific and theoretical definitions and their comparative analysis with the concepts of economic potential given by economic scientists, as well as emphasizes the scientific and theoretical aspects of economic potential in the service sector and reveals the improvement of the use of economic potential in the service sector.
The article highlights the favorable conditions established for the growth of small business and private entreprenurship in New Uzbekistan and provides recommendations for further advancing this sector.
In this article, in an econometric analysis of household income and demand for consumer goods, energy consumption per capita is assessed, the problems of ensuring energy savings are studied, the processes for eliminating them, as well as the efficient use of electrical energy resources have been studied. To assess the electricity consumption of the Republic of Uzbekistan, energy consumption in industries and sectors of the economy was compared and analyzed, and using elasticity coefficients it was studied how much electricity consumption will increase the income of the population by 1%.
This article examines the role and significance of the exchange rate in ensuring macroeconomic stability in Uzbekistan. The focus is on the economic consequences arising from changes in the national currency’s exchange rate, particularly on inflation levels, the balance of foreign trade, and economic growth. The study analyzes the Central Bank's currency policy, methods of managing foreign exchange reserves in the national economy, and factors affecting external economic activities. The article reviews the volatility of the exchange rate and its impact on economic stability based on international experiences, offering effective mechanisms that can be applied in the context of Uzbekistan. This article holds theoretical and practical significance for specialists, researchers, and public administration representatives dealing with currency policy and macroeconomic stability.
The article examines the meaning and significance of the concept of "foreign experience of investment activities of commercial banks in the stock market", changes in the stock market of foreign countries, changes in the volume of securities of commercial banks in the USA, changes in the volume of securities of commercial banks in Germany, the economic essence of increasing the investment activity of commercial banks in the stock market, the fund of tasks of commercial banks in the market, the stock market and other markets in the economy, an analysis of the main aspects of investment activities of commercial banks in the stock market.
The market economy is an economy based on free enterprise and entrepreneurship. Therefore, for the formation and development of entrepreneurship in the private sector, it is necessary to improve the business environment in the economy and thereby increase the profitability of economic sectors, increase the employment of the population, and improve their well-being. In order to achieve such priority results, the economic reforms implemented in our country are aimed at the development of entrepreneurship in the private sector and, on this basis, economic growth and ensuring the stable development of the national economy.
In this article, the demographic status of the Republic of Uzbekistan was analyzed using the R Studio program. During the study, the main demographic indicators of the country, such as birth, death, migration and urbanization, were studied. The results provide the basis for the formation of important recommendations for the economic and social development of the country.
Farkhod Akhrorov, Iskandar Yunusov, Umida Sangirova, Humoyun Avezov
This research is aimed at the economic assessment of the share of income of participants in the value chain of walnut cultivation and sale in Samarkand region. Through analysis based on primary and secondary data, the strengths and weaknesses, opportunities and threats of the nut industry have been identified. On the basis of these analyses, suggestions and recommendations were developed for the improvement of value added processes in the value chain. The results of the study shed light on the economic impact of walnut cultivation, processing and export, providing practical recommendations for improving the value chain and increasing the region's competitiveness in global markets.
Achieving sustainable development while maintaining economic growth presents a significant challenge for Uzbekistan, given its reliance on resource-intensive industries and fossil fuels. This paper explores strategies for decoupling economic growth from environmental harm, focusing on key measures such as transitioning to renewable energy, improving energy efficiency, fostering green technology and innovation, and enforcing robust environmental policies. The study highlights the importance of sustainable agricultural practices and international cooperation in facilitating this transition. Uzbekistan's potential for solar, wind, and hydroelectric energy, coupled with modernization of its industrial and agricultural sectors, offers pathways to mitigate environmental impacts. Leveraging global partnerships and foreign direct investment, the country can adopt green technologies and align its development goals with international sustainability standards. This approach ensures a balance between economic prosperity and environmental preservation, contributing to a sustainable future.
The article analyzes international experiences in the development of the food industry and their relevance for Uzbekistan's industry. The study examines pressing issues in the sector and evaluates the potential for adopting cluster models based on international practices. The methodology involved economic analysis and comparative methods. The findings emphasize the importance of implementing innovative technologies and enhancing production efficiency. The scientific and practical significance lies in providing practical recommendations for modernizing the food industry.
There is a need to implement targeted and long-term work to reduce the unemployment rate, ensure effective employment, improve the living standards of the population, organize a labor market that is adaptable to today's changes in nature and resource scarcity, and ensure employment in professions that are adaptable to any conditions.
The article analyzes the content and significance of the concept of "Practical analysis of pension system financing", income and expenses of the pension fund, financial sources of the pension fund, demographic, economic, social factors affecting the pension fund, state pension provision, funded pension provision, private pension provision, distributed and mixed pension models.
This article examines the current issues in the development of employee training and development within the human resource management (HRM) system of organizations. In modern market conditions, improving the professional skills and potential of employees is one of the key factors for organizations. The article analyzes the importance of employee training and development, methods for effectively organizing this process, and the prospects for further development
Increasing the economic potential of agricultural enterprises, developing the production of high-value-added products in the industry, providing the country's industry with raw materials and the population with high-quality food products is important at the present stage of economic reforms. Based on this, this article analyzes the components of the economic potential of agricultural enterprises.
The article examines the impact of energy resources on the economic growth of Uzbekistan. It focuses on analyzing the data related to the installed capacity of power stations and the consumption of electricity in various economic sectors. In addition, the article considers the growth of alternative energy sources and their contribution to the overall energy balance of the country.