Key determinants of the business environment and development in Uzbekistan: theoretical and empirical analysis

Axmadjonov , Kamronjon, Dilafruz , Maxkamova

Яшил иқтисодиёт ва тараққиёт · 2025-yil

Annotatsiya

This article presents an in-depth analysis of the key determinants influencing the formation and development ofthe business environment in the Republic of Uzbekistan. The main objective of the study is to identify the interrelationsamong economic, legal, institutional, social, and technological factors shaping entrepreneurial activity and to assess theirimpact on business development.The theoretical and methodological framework of the research is based on the World Bank’s Doing Business Index,the Global Competitiveness Report, and the principles of institutional economics. The empirical evidence covers theoutcomes of economic liberalization, currency policy reforms, measures to support the private sector, and initiatives toimprove the investment climate implemented since the mid-2010s.The findings indicate that Uzbekistan has achieved notable progress in improving its business environment due toaccelerated institutional reforms, increased inflows of foreign direct investment, and the growing share of the privatesector in GDP. At the same time, further expansion of access to financial resources, streamlining of administrativeprocedures, enhancement of labor market efficiency, and strengthening of human capital development are identified asimportant priorities for unlocking the full potential of entrepreneurship.In conclusion, the article emphasizes the importance of ensuring consistency in institutional reforms, reinforcing thestability of public policy, and promoting innovative business models and clusters in the context of the digital economy.The study concludes that institutional quality, effective governance, and coherent economic policy play a decisive role inshaping a sustainable and competitive business environment in Uzbekistan.

Maqola ma’lumotlari
MualliflarAxmadjonov , Kamronjon, Dilafruz , Maxkamova
JurnalЯшил иқтисодиёт ва тараққиёт
NashriyotТошкент давлат иқтисодиёт университети
ISSN2992-8982
Nashr sanasi2025-11-01
Jild3
Son8
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.5281/zenodo.18103697
Indeksga qo‘shilgan2026-08-26

DOI: 10.5281/zenodo.18103697 · Maqolaning asl sahifasi

Kalit so‘zlar

business environment, institutional theory, entrepreneurship, economic reforms, Uzbekistan, investment climate, development policy, Doing Business, institutional quality.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAAxmadjonov , Kamronjon, & Dilafruz , Maxkamova (2025). KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS. Яшил иқтисодиёт ва тараққиёт, 3(8). https://doi.org/10.5281/zenodo.18103697
GOST (OAK)Axmadjonov , Kamronjon, Dilafruz , Maxkamova KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS // Яшил иқтисодиёт ва тараққиёт. – 2025. – T. 3, № 8. – DOI: 10.5281/zenodo.18103697.
MLAAxmadjonov , Kamronjon, and Dilafruz , Maxkamova. “KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS.” Яшил иқтисодиёт ва тараққиёт, 3(8), 2025. https://doi.org/10.5281/zenodo.18103697
ChicagoAxmadjonov , Kamronjon, and Dilafruz , Maxkamova. “KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS.” Яшил иқтисодиёт ва тараққиёт, 3(8) (2025). https://doi.org/10.5281/zenodo.18103697
HarvardAxmadjonov , Kamronjon, and Dilafruz , Maxkamova (2025) ‘KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS’, Яшил иқтисодиёт ва тараққиёт, 3(8). https://doi.org/10.5281/zenodo.18103697
BibTeX
@article{axmadjonovkamronjon2025,
  title = {KEY DETERMINANTS OF THE BUSINESS ENVIRONMENT AND DEVELOPMENT IN UZBEKISTAN: THEORETICAL AND EMPIRICAL ANALYSIS},
  author = {Axmadjonov , Kamronjon and Dilafruz , Maxkamova},
  journal = {Яшил иқтисодиёт ва тараққиёт},
  year = {2025},
  volume = {3},
  number = {8},
  doi = {10.5281/zenodo.18103697},
  url = {https://doi.org/10.5281/zenodo.18103697}
}

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