Assessing the economic efficiency of government investment incentive mechanisms in ensuring economic development: evidence from Uzbekistan

Abdullaev , Zafar

Муҳандислик ва Иқтисодиёт · 2026-yil

Annotatsiya

Improving the investment climate through effective government incentive mechanisms is a key condition forsustainable economic development in transition economies. This study assesses the economic efficiency of governmentinvestment incentive mechanisms in Uzbekistan using empirical evidence from 2019–2024. Economic efficiency isevaluated through investment outcomes, financing structure, and sectoral allocation of fixed capital investment. Theresults show that Uzbekistan has achieved sustained growth in fixed capital investment and foreign direct investment,with a clear predominance of non-centralized and private funding sources. This suggests that government incentives haveoperated primarily as catalytic mechanisms rather than as direct budgetary instruments. At the same time, the analysisreveals sectoral concentration and efficiency constraints associated with certain fiscal incentive instruments. The studyconcludes that while government investment incentives in Uzbekistan have been economically effective overall, theirlong-term efficiency can be enhanced through improved targeting, diversification, and performance-based evaluation.The findings contribute to the literature on investment policy in transition economies and provide policy-relevant insightsfor improving incentive design

Maqola ma’lumotlari
MualliflarAbdullaev , Zafar
JurnalМуҳандислик ва Иқтисодиёт
NashriyotПлеханов номидаги Россия иқтисодиёти университетининг Тошкент шаҳридаги филиали
ISSN3060-463X, 3060-463X
Nashr sanasi2026-01-01
Jild4
Son1
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

investment incentives; economic efficiency; government policy; investment climate; economic development; Uzbekistan.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAAbdullaev , Zafar (2026). ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN. Муҳандислик ва Иқтисодиёт, 4(1). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1956
GOST (OAK)Abdullaev , Zafar ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN // Муҳандислик ва Иқтисодиёт. – 2026. – T. 4, № 1.
MLAAbdullaev , Zafar. “ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN.” Муҳандислик ва Иқтисодиёт, 4(1), 2026. https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1956
ChicagoAbdullaev , Zafar. “ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN.” Муҳандислик ва Иқтисодиёт, 4(1) (2026). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1956
HarvardAbdullaev , Zafar (2026) ‘ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN’, Муҳандислик ва Иқтисодиёт, 4(1). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1956
BibTeX
@article{abdullaevzafar2026,
  title = {ASSESSING THE ECONOMIC EFFICIENCY OF GOVERNMENT INVESTMENT INCENTIVE MECHANISMS IN ENSURING ECONOMIC DEVELOPMENT: EVIDENCE FROM UZBEKISTAN},
  author = {Abdullaev , Zafar},
  journal = {Муҳандислик ва Иқтисодиёт},
  year = {2026},
  volume = {4},
  number = {1},
  url = {https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1956}
}

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