The impact of central bank policies and digitalization on GDP growth in Uzbekistan

Khamdamov , Shoh-Jakhon

Ўзбекистон суғурта бозори · 2024-yil

Annotatsiya

This study investigates the influence of the Central Bank of Uzbekistan's main rate and digitalization on the country's Gross Domestic Product (GDP) growth. It expands upon previous research by incorporating the rapidly evolving digital economy and its interplay with central banking policies. Employing a mixed-methods approach, the study analyzes quarterly economic indicators from 2016 to 2022, including the Central Bank's main rate and GDP figures, alongside data reflecting the growth of digital financial services and e-commerce. The research utilizes correlation analysis, supplemented by qualitative assessments of digitalization policies and their implementation in the financial sector. The findings indicate that while the Central Bank's main rate has had a limited direct impact on GDP growth, the rise of digital financial services and e-commerce has significantly correlated with economic expansion. The integration of digital technologies in banking and commerce has shown a noticeable effect on the efficiency and reach of financial services, thereby contributing to GDP growth. The study underscores the need for the Central Bank to consider the digital economy in its policy-making. It suggests that beyond traditional monetary tools, embracing digitalization can serve as a catalyst for economic growth. The paper recommends the formulation of policies that support digital infrastructure and innovation, aligning central banking practices with the digital age.

Maqola ma’lumotlari
MualliflarKhamdamov , Shoh-Jakhon
JurnalЎзбекистон суғурта бозори
NashriyotТДИУ
Nashr sanasi2024-02-08
Betlar7-10
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-27

Maqolaning asl sahifasi

Kalit so‘zlar

Rate of Central Bank, Refinancing Rate, Gross Domestic Product, Economic Growth, Monetary Policy.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAKhamdamov , Shoh-Jakhon (2024). THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN. Ўзбекистон суғурта бозори, 7-10. https://insurance.tsue.uz/index.php/journal/article/view/90
GOST (OAK)Khamdamov , Shoh-Jakhon THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN // Ўзбекистон суғурта бозори. – 2024. – P. 7-10.
MLAKhamdamov , Shoh-Jakhon. “THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN.” Ўзбекистон суғурта бозори, 7-10, 2024. https://insurance.tsue.uz/index.php/journal/article/view/90
ChicagoKhamdamov , Shoh-Jakhon. “THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN.” Ўзбекистон суғурта бозори, 7-10 (2024). https://insurance.tsue.uz/index.php/journal/article/view/90
HarvardKhamdamov , Shoh-Jakhon (2024) ‘THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN’, Ўзбекистон суғурта бозори, 7-10. https://insurance.tsue.uz/index.php/journal/article/view/90
BibTeX
@article{khamdamovshohjakhon2024,
  title = {THE IMPACT OF CENTRAL BANK POLICIES AND DIGITALIZATION ON GDP GROWTH IN UZBEKISTAN},
  author = {Khamdamov , Shoh-Jakhon},
  journal = {Ўзбекистон суғурта бозори},
  year = {2024},
  pages = {7-10},
  url = {https://insurance.tsue.uz/index.php/journal/article/view/90}
}

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